tHBb79FMWXqKUkcSR4kh9cov6mW5JUPuSnfjrBVUodz
What the hell is this, I can't buy it
i just had a look at Jestr - a token launcher similar to @bankrbot and @clankeronbase but on SOL
similar social deploy mechanism, can deploy on X and now farcaster
my curious self had to pry into the internals of course :) i was able to view all details of their first warpcast coin $FEST just by looking at
Technical Details:
- single sided deploy on Meteora DLMM. starting mcap 26k~, 1B total supply
- 500M $FEST liq added to this initial pool, no SOL upfront required
- fee = 5%, bin step = 400 (4%). DLMM has max # of bins at 69, so this pool will go out of range about 15x higher (390k mcap). at that point i presume the remaining 500M coins must be deployed in a new pool somehow?
- creators earn 80% of fees + 1% of supply. not bad! the perma 5% fee does seem a bit steep though
Very interesting to see @MeteoraAG being used as a pump fun style deployer. I could see DAMM v2 fit well in this model as well.
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