Stack It High, Watch It Fly šø // Previously @kingofapesbase now building @bidstrade & Chief layabout @slurpdotgg š¬š§š»š³
Joined June 2024
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When the trenches are eating themselves alive like they are right now, it makes me think about how good the Base trenches were in 2024/2025
If you ratio the users to volume/ceilings, it was pretty unbeatable.
NGL Iāve been pretty negative towards Base for multiple reasons, but something tells me those days will
come back.
Still we see new trading options come out and no real fairer options.
New trading bots 1% fees
New terminals 1% fees
Social trading 0.5% but worse experience, slower fills
They sell āfasterā but you canāt change block times. There is only so fast you can be.
Some larp you a 0% fee but thatās just a marketing trick to lure you in then they hit you with the real fees and there beta is one chain.
On others, cashback and referrals bring some of the 1% down to 0.7% and for a lucky few 0.5% if your volume is huge.
Agree with this, competition means lowering fees throughout onchain and honestly I think things have to go this way.
Take trading terminals for example. I know single traders paying their terminals millions of dollars per year and itās normalised. On 1% buy and sells, even with cashback traders who do 10-50M volume a month are paying literally insane amounts.
Saying that, any protocol or terminal who does zero fees will eventually charge something, i really donāt like this 0% fees thing to get people hooked then slam a fee on them.
Also itās impossible for a small protocol to survive on 0% fees, cover overheads and pay staff while improving infra and tooling.
So yeah my view is if we halved fees, things would be in a good place.
Agree with this, competition means lowering fees throughout onchain and honestly I think things have to go this way.
Take trading terminals for example. I know single traders paying their terminals millions of dollars per year and itās normalised. On 1% buy and sells, even with cashback traders who do 10-50M volume a month are paying literally insane amounts.
Saying that, any protocol or terminal who does zero fees will eventually charge something, i really donāt like this 0% fees thing to get people hooked then slam a fee on them.
Also itās impossible for a small protocol to survive on 0% fees, cover overheads and pay staff while improving infra and tooling.
So yeah my view is if we halved fees, things would be in a good place.
my hot take is that in a mature market, all consumer infra gets commoditized and fees trend toward near zero:
blockchains (transactions)
launchpads (issuance)
amm pools (liquidity)
frontends (routing)
in that order.
theres a reason why most of IBKRās revenue is from NIM & why Robinhood has to rely on NIR and less commoditized assets like options & crypto.
Stack retweeted
Slurp dev @Fourty6n2 dropping more heat about the ethics on Slurp and the current launchpad landscape
Stack retweeted
this grows massively with volume, imagine buying a token, holding it and walking away with 50k~100k at the end of the month just for being a G
this may not seem like a lot, but in our opinion this is big.
$215 paid to:
CHvWpTWTZXUMvWfX7jmy8vhHbAqn6YvLc8wBxXYi4KiW
from our monthly lotto.
$215 paid to our leaderboard holders.
tiny numbers you say, sure, but these numbers will end up 500x if slurp does 100M in volume = $100k monthly jackpot + $100k monthly leaderboard
believe in something
Stack retweeted
our developer @Fourty6n2 discussing Slurp's vision and putting a face to the pad.
more to come.
surely we could of used AI to strengthen security systems to an unprecedented level and would of predicted things like the Binance hack were coming, instead hackers are on a rampage this year
i donāt get how they couldnāt see this coming. it was inevitable.
Binance: $6.3B
Bybit: $1.4B
Bitget: $387M
Liquid Network: $320M
KelpDAO: $291M
Drift Protocol
$285M
Tectonic: $9.1M
Term Finance: $8.5M
NEAR Intents: $3.8M
Polymarket: $2.6M
That's over $9 BILLION stolen.
2022: $3.8 BillionāØ2023: $1.7 BillionāØ2024: $2.2 BillionāØ2025: $3.4 BillionāØ2026: $9B+
137% increase 2022 > 2026
coincidence?
Stack retweeted
i donāt understand anyone supporting pumpfun i truly donāt.
when have they ever actually kept their word on something, when have they ever shown care for our space our trenches?
i came to crypto because i thought it was for the rebellious, those that saw the world differently and for a while it was
now itās turned into pure greed and supporting the elite players instead of your local store so to speak
something needs to change, the trenches need to go back to its roots, send ceilings so high that the 200k topper farmers are left crying and eventually have to change
#BOYCOTTPUMPFUN
pumpfunās $50 referral campaign was actually a lie
the pitch was simple, $50 for you, $50 for every friend you invite who deposits $50. I even posted about it myself, it looked like a good way to get friends into the trenches
but look at what launched at the same time: pump raised its fees to 0.45%, basically the same as fomo (0.5%, 0.45% with a code). the app that sold everyone on 0% fees quietly matched its competitor, and the headline everyone saw was "free $50"
and then there's what happens when you actually use it
i have a friend who's been trying to get into the trenches for months but doesn't have the funds. he saw this and went all in. shared his pump referral everywhere, instagram stories, classmates, coworkers, anyone who'd listen
~80 people signed up in 7 days. 36 of them deposited real money
result? he got banned. every single person he referred got banned. nobody got the $50. not him, not the 36 people who trusted him enough to put their own money in. all real people from his city
no warning, no explanation, no rewards
these weren't bots or farm wallets. they were students and coworkers making their first crypto deposit, the exact "next wave from the masses" pump keeps saying they're building for
and their first experience in crypto was getting banned from the app their friend recommended
you put your name on the line to onboard people you know, and if the platform decides your growth looks too good, you're the one who has to explain to 36 people why their bonus never came
This is one thing pumpfun did get right imo, build a launchpad into a success before a token
sure some will disagree and thatās fine, but if you canāt produce runners and market your platform properly, build from the ground up, i donāt get why you are putting your hard earned money into a launchpad claiming to be the next big thing
itās day one for slurp, yeah no runners yet, but iām watching the team grind daily, brainstorm, outreach and marketing plans to ensure that happens
you should be paying attention
why does a launched need a platform token from day one?
sure itās the easy route to attention
but shouldnāt a community be formed, they get input, they build the product with the team before a token goes live?
we used to believe the platform had to have runners before it earned its place, we used to believe in builders
so yeah slow, sustainable growth before a slurp token will exist
the road is longer, the grind is harder, but we are here for it, itās a matter of when not if
you will slurp eventually
and it will taste good
Stack retweeted
you can imagine the desperate @Pumpfun meetings, literally every discussion is most likely related to not losing to @fomo
quite cringe when you think about it
real industry leaders would think about how they can be the best product, how they can reward every single one of their users, how they can make the game fair again and improve the trenches
what does pumpfun? they psyop you into thinking you can be like one of their kols keep feeding the same group of people over and over in order to try stay relevant
with great power comes great responsibility and they are proving over and over they donāt deserve power and lack responsibility
So yeah #BOYCOTTPUMPFUN seems fair. If the trenches are going to heal, it starts without them.
Stack retweeted
attention is everything
you can now launch direct from the X timeline fully integrated as a tracker and two click launch process on slurp
camp out on the site, wait for alpha, launch.
anti vamp for 1 hour means only 1 ticker will be launched, maybe attention tokens can have room to
grow again
slurp.gg
devs and builders
sitting on ideas is one of the worst thing you can do
iāve seen two ideas i have fully built go to market and do very well while im sat trying to perfect the idea, when reality is getting the idea out there was the best move, ironing out imperfections once live
so question for builders? do you release the idea, be the second to market or go back to the drawing board?
Stack retweeted
I certainly hope this is the bottom for our coins becuase sentiment is so damn bad.
Youāve got #BOYCOTTPUMPFUN going around which doesnāt surprise me and iām here for it, but these kinda movements usually happen when things are at their worst.
Eth, Sol and BTC sh*t the bed today.
Never seen so many degens arguing, the divide in the trenches is real right now butā¦.
For those who say itās the end of memecoins, donāt forget just a month ago RH was popping.
Good times will come again.
Stack retweeted
everything the trenches asked for
fees to LP
fees burned
fees to holders
or holders choose weekly
anti snipe protection
a sensible anti vamp
a leaderboard that rewards BELIEF
a jackpot winner takes all
seriously, what are you waiting for.
#dontboycottslurp
Stack retweeted
Just got my Meteora FYI builder pass from @MeteoraEco
Thank you guys, you've been fantastic to work with so far! looking forward to building on Meteora for the future.
Stack retweeted
The last thing you see as crypto nukes, markets crash, and AI takes over the earth:
s/o to some OG's that came to mind as I made this with @grok š
@StackItHighLife @Buzzkllll @beeboopx @specmacs @MIZNETTT @chiefdom28 @Thisismyiguana_ @base @EzBruv @dragonkittdefi @0xmikedee
Stack retweeted
@slurpdotgg devs are giving away $5,000 to the first team to hit $1M in volume on their launchpad. Pretty bullish if you ask me. Congrats in advance to whoever takes the prize š
$5000 giveaway for the first token to do $1M volume on @slurpdotgg
whoās got it?
certainly feels like things are getting worse right now?
after a taste of what could of been on robinhood for a short while, suddenly things have taken a turn for the worse
timeline is horrible, pumpfun with their next extraction campaign after putting trading fees up after claiming ā0% feesā now these packs
agreed, what are we doing?
pumpfun gacha packs are just slots
what are we doing bros?
literally baffled by some of you
meme coins were about being early, choosing right, trading well, bag working and pushing coins.
now we have slot machines, 200k toppers being drilled by people who claim to be traders
you keep making Alon richer, keep ignoring hard working small teams, keep killing everything we built
wtf
send help
Stack retweeted
letās look at two scenarios
launchpad 1
š¤” doesnāt care if there are any runners and would prefer thousands of 1M toppers than 1 one billion runner
š¤” rewards kols but not traders
š¤” makes most of its money on the bonding curve
š¤” allows snipers and vamps to have a free for all
launchpad 2
š„¤ only cares about runners and would take 1 one billion runner over anything else
š„¤ rewards all fairly
š„¤no bonding curve
š„¤ 2 different anti snipe features and anti vamp control
you have the choice, make the right one.
