0x200e710a…0fb1sent to0x200e710a…0fb1·#25,901,450·view on Etherscan
in the fist 48 hours since the pool4 hook went live and with only 15% of the LP deployed to it. we burned a total of ~16500 tokens (around 0.22% of the supply).
We also gained 2.5 eth and 1850 IMD of additional liquidity from base thanks to the FP mechanics.
The goal when the full lp is deployed to the hook is to set the burn cap to 25k IMD per day and this when the stakers should start seeing way more rewards. For now we'll wait over the weekend with the full deployment until more monitoring and seeing what settings can be adjusted to the hook.
We also got contacted by multple live tokens (some with higher market cap) that are interested in using the hook, so working on making it composable for other coins
The hook buys tokens for cheap when pepes are selling and burns 85% and distributes the rest to long term aligned holders so stakers not only make from 'tokens earned' but also everyone that hodls has a bigger share of the network over time, double incentive.
Next week will continue focusing on the p2p network, the new fable model and hopefully codex 6 will be public by then should help to launch this faster but also experimenting with other things in the meantime that might release before. As always everything experimental as risky so be careful