Stack It High, Watch It Fly 💸 // Previously @kingofapesbase now building @bidstrade & Chief layabout @slurpdotgg 🇬🇧🇻🇳
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 I’ve 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 “faster” but you can’t change block times. There is only so fast you can be.
Some larp you a 0% fee but that’s 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 it’s 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 don’t like this 0% fees thing to get people hooked then slam a fee on them.
Also it’s 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 it’s 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 don’t like this 0% fees thing to get people hooked then slam a fee on them.
Also it’s 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 IBKR’s 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
it’s a bit mind boggling right now, solutions seem obvious but no one wants to support those ideas.
crying for help but going back to the same places that have caused the problem
22
Stack retweeted
our developer @Fourty6n2 discussing Slurp's vision and putting a face to the pad.
more to come.