Now that $BITCOIN LP has migrated and dust has settled, here’s what happened:
- The project’s LP was moved from uniswap V2 to V3 without a hitch
- LP is in team multisig and will allow project to have access to funds for a multitude of things(exchanges, irl events, merch, etc)
- The V3 LP is on the exotic pair setting(1%) which is the industry standard for memecoin V3 LPs
- 24 hours after migration, the LP had accumulated over 100k $BITCOIN in fees, now if we apply that number to the rest of year that will be 5M $BITCOIN
*of course this math implies the exact same volume every day until new years*
- The $BITCOIN gained through fees won’t be sold, so in a way it’s deflationary
- On top of the $BITCOIN, the LP is collecting roughly the same amount USD in ETH for funding the project
Overall I think this move allows a lot of flexibility for the project going forward. When Uniswap V4 drops, if it makes sense the team can migrate some there in the future
At the end of the day, the team showed once again they are here for the long haul
The coin who lived continues to prove it, the egregore is strong
See you at $10
Sprotilio
显示更多