$STONK allocation is now live.
The governance vote has successfully passed, and the allocation process is officially underway.
Eligible participants who hold $STONK can now take part in the distribution and receive their allocated community rewards.
Additional details and next steps are outlined below.
1/2 🧵
STONK allocation is now live.
The governance vote has successfully passed, and the allocation process is officially underway.
Eligible participants who hold STONK can now take part in the distribution and receive their allocated community rewards.
Additional details and next steps are outlined below.
1/2 🧵
solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx allocation is now live.
The governance vote has successfully passed, and the allocation process is officially underway.
Eligible participants who hold solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx can now take part in the distribution and receive their allocated community rewards.
Additional details and next steps are outlined below.
1/2 🧵
$STONK allocation is now live.
The governance vote has successfully passed, and the allocation process is officially underway.
Eligible participants who hold $STONK can now take part in the distribution and receive their allocated community rewards.
Additional details and next steps are outlined below.
1/2 🧵
StonkFun Updates:
Here is some information on what is coming over the next week and being worked on.
LaunchLab integration:
As previously stated this will solve for many issues, increase potential volume and more.
- Low deployment fees (0.02-0.03 SOL vs 0.3)
- Your own deployer wallets
- Heavily reduced risk of snipers as we have faced on new pairs on the operator wallet. It can't be done the same way with unique deployer wallets
- Bonding curves with custom quotes, that users are used to
- Integrated into platforms
- Permissionless
Frontend Updates:
We will be focusing on improving our desktop and mobile UI after we are finished with the LaunchLab integration. We understand this has not been a large focus for us thus far, as we have focused on improving our backend for scale across rewards, deployments, and more.
New Listings:
We will be continuing to work with Sunrise to support new assets, and have a automated solution to them being listed the moment liquidity is added to the pools.
We also are looking into incentives around new listings, to reward creators & traders.
User Docs:
We are working on our full user docs, which will be a Gitbook with all the information you need to know about the platform.
As we currently offer a developer docs, but no user docs. That will be completed after the LaunchLab integration as well.
Rewards:
Looking into further ways to move our reward distributions on chain, to make StonkFun even more decentralized.
This is will be a focus for us after we complete the LaunchLab update.
As discussed before, there is potential around using a Merkle Distributor.
Social presence:
Improving our overall social presence is a focus as well as we grow, improving on the quality of our posts, while driving further growth.
We appreciate all the support thus far.
More TBA!
Stonkfun has now surpassed $100,000,000 in RWA volume on @solana!
RWA Volume: $106,373,598
Raydium Volume: $167,357,493
Total Volume: $296,203,681
https://t.co/LCcwPSMSIa
You can now launch coins with 1% rewards!
This is now the default option, and users can choose which fee tier they want to use for rewards:
- 1% rewards
- 3% rewards
This only affects the rewards fee — there’s no change in platform fees.
https://t.co/Lq5IOclcO9
We are working on a automated way to list these new assets with @sunrise as well.
As soon as it is tradeable on Sunrise, it will be supported by StonkFun.
Updates:
1. Working on migrating to LaunchLab, this would solve for snipers on new pairs, increase volume, and incentivize more deployers. It would mean cheaper deploys, fully permissionless and traditional bonding curves which people are used to.
This would overall help to increase volume across new token deployments. While benefiting $STONK and our ecosystem from the ecosystem flywheel.
2. We are looking into ways to handle distributions on-chain, which would reduce centralization risks, such as through a Merkle Distributor.
3. Working on UI improvements to the site overall and mobile.
4. New listings are coming, been working with Sunrise directly to get new assets listed. Such as $LLY coming tmr
5. Solving for further improvements around Standard tokens to incentivize deployments outside of just rewards.
We believe StonkFun has brought something truly unique to Solana, coins paired with anything.
We are the only platform that offers it, and it is very difficult for other platforms to compete.
StonkFun also handled the integration into terminals for custom quotes, routing and more.
Memecoins / Paired with anything.
Note: Migrating to LaunchLab would mean custom quotes such as RWA's, memes and more on bonding curves.
This would solve for issues around one-sided pools, operator wallet centralization, incentivize more deployments, increased volume and more.
We have been working directly with Raydium and LaunchLab has integrated custom quote assets for us to complete this migration.
StonkFun is now listed on @DefiLlama!
https://t.co/Cu2MAKFrhe
Ranked #44 among all revenue-generating applications over the past 7 days.
https://t.co/Qz3vWQhVUZ
Over $30,000 has now been bought back and burned of the top StonkFun ecosystem coins.
Since introducing our ecosystem flywheel, every trade on a v3 rewards token benefits the existing top coins.
https://t.co/ZbbboBFYLI
StonkFun has also seen a day-over-day increase in revenue, with $30,452 in daily revenue today.
Our DefiLlama integration has been completed and should show on the frontend within 24hours.
7-day trailing revenue: $317,368
Which puts StonkFun in the top 50 revenue generating applications in crypto.
https://t.co/8R23fMRDvQ