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Llama Party feat. Flaunch + Concernor
Recorded: March 28, 2025 Duration: 1:04:36Space Recording
Short Summary
The Llama Party has officially launched, introducing innovative projects and meme coins to the crypto community. With significant fundraising efforts and strategic partnerships, platforms like Flaunch are paving the way for new trends in token launches and revenue generation, reflecting a vibrant and evolving landscape in the crypto space.
Full Transcription
GMGM fam, today is Friday, March 28. It's the first day of the rest of our lives. And for all
your sakes, I hope it's your best one yet.
For our sake, it's going to be a fantastic one
because we have a couple of amazing guests
with a really interesting background
for how this whole llama party even came to be,
which we'll talk about in just a second.
But first, we want to get a little housekeeping out of the way.
So first off, do the usual.
Take a second to share this link.
Get it to everyone in your extended family let's get
as many people watching this as we can because it's friday it's time to have a lot of fun but
also we want to talk about uh you know some important things we're getting rid of our qr
code so if this is your last minute to uh click on this and visit frax uh frax was sponsoring the
qr code the week before um and in fact uh the qr code was put up for
auction last week and we haven't had any live streams yet so we're extending the winner of the
qr code for an extra week so that they can have a little bit of bonus time and in fact it is curve
uh curve is very near and dear to my heart and we're going to be talking a little bit about
curve on today's stream so um very very opportune timing now just
so you guys know curve does not pay for marketing at all so this is actually just community members
who chipped in in the auction to purchase the curve qr code because we like curve and want to
raise some awareness of the fact that they're doing some very interesting stuff uh there's
like a little bit of hidden alpha but if you click the llama on the curve site in the very bottom
that uh gives you access to beta features in the ui and there's a big rollout going you click the llama on the curve site in the very bottom that uh gives you access
to beta features in the ui and there's a big rollout going on for the llama lens so that's
some of the cool stuff going on i mentioned that this is by way of the auctions and i'm just going
to pop over to the auction site because in 25 minutes on this stream in fact the uh another
big uh changing the guard is going to happen we're going to have the squid pass expiring for the previous week and rolling over to whoever wins the squid pass for
the future week i have a preview of who it's going to be so it could be a lot of fun it could be a
really good one um but just uh to give a special shout out to the winner of last week's squid pass
um this has been rings protocol on sonic uh the fantastic Feig is responsible for this and they are absolutely
crushing it. Sonic is a ton of fun because basically like all this like DeFi summer energy
is basically rolled up onto two chains. And one of them is Sonic and rings is growing super fast.
So definitely take a moment to check that out. Try it out. It's sort of like, you know,
to check that out, try it out.
It's sort of like yield farming is going fantastic.
So that is the second kind of promotional thing
we wanna get out of the way.
This is at our newly revamped website, by the way,
leviathannews.xyz slash auctions.
Check it out because we've got some secret alpha
rolling out to that too.
We are rolling out this cool tagging system.
So if you wanna get like all your Viper news, for example,
you can just click on the Viper tag
and see everything that's going on.
We got some really cool stuff going on with that.
But most importantly,
there's a second auction that's expiring on this call.
We'll check in partway through and see how it's going.
And this is for a Lama party in the month of April.
We also have a little intel
as to who's bidding on this one
here, but it's going to expire during the call. And in fact, that was the roundabout story I was
trying to get back to as to how this call came to be, which is we got this new auction site.
We think, hey, it's pretty cool. Auctions are a big thing. Ross Ulbricht is trying to get auctions
going. He's not having any luck. We're having luck at Leviathan. And one of the things we've
decided to auction up was a llama party spot. We thought, you know, we're having luck at Leviathan and one of the things we decided to auction up was
a llama party spot we thought you know we're having a lot of fun with this
we want to open this up to the community and it was
Concerner who like hopped in the telegram group
and said hey like I'm interested in this we asked him about it
he said what he's doing he said what's going on
and we're like we could make a really great show out of this
so we've come up with is what I think is gonna be really fun.
Llama party.
So Concerner is working on his project, which I'll let him introduce in a second.
And he's launching it through Flaunch, who also agreed to join us.
And that's where OX Caps comes into it.
So I've been yapping like nobody's business.
I need to drink water and I need to get this link out to people.
But Concerner and OX Caps, could you both take a second and like introduce yourselves
and share what you're working on?
Yeah, I can start.
So basically I'm a full stack developer.
I've been in the Web3 space for right before DeFi summer.
And I've been a full-time back older ever since and wanted to
get my hands dirty and at the beginning of this year I have seen an opportunity I heard about
launch and launched my Bitcoin Concerner and I've been working on it ever since
excellent excellent and we'll get to that a bit Yeah, sure. So I've been in crypto for quite a while now. First picked up from my online
poker days back in 2011, when in the US, I don't know if you're familiar with poker back
then, but they banned online poker rooms from dealing with the banks. And that was around
the time that Bitcoin was just starting to get some traction. So got into like peer to
peer poker through Bitcoin,
started out like affiliate sites around that and built out like in the Web2 crypto space
through till 2016.
Then went into like Ethereum specifically
and then into like DeFi
and actual like Web3 development with NFTX,
which was an NFT liquidity protocol.
And like that whole 2020 like DeFi summer period was like
really inspirational in terms of what was possible and you know I was a big fan of Curve still am
um and a heavy user of it as well and that like then inspired like the possibility of doing like
DeFi and NFTs with NFTX and then off the back of NFTX Uniswap v4 came out and we were working on like how do we um basically make a
better version of nftx with uniswap v4 and at the same time you know pump.fun was having this
this massive success uh and then v4 kind of made sense to apply to the mean coin market so
we ended up um building out launch off the back of that i think uh uni v4 unlocks like a huge
amount for creators and just adding value back.
And so, yeah, we're now building out a launchpad protocol as opposed to an isolated product.
And yeah, really, really happy to be here.
Right on, right on.
And last but certainly not least is our intrepid co-host, Traders Insight, a.k.a. Sam.
How are you doing?
What's going on, guys?
How is everybody doing today?
We're good. It's a llama party, so we're sipping our favorite beverage. I see you got
some water. I got some coffee. I can't see what Concernor and Caps got.
Yeah, I had my coffee a little earlier, but it's Friday and ready for April. First day of spring's
coming up. Didn't it already happen? Isn't that daylight savings time well first day of spring's coming up
didn't it already happen first isn't that daylight savings time first day spring i'm not
i thought it was april 1st april 1st yeah okay all right all right finally spring is in the air
excellent so i don't know if you caught their intro, but we got some heavy hitters today. So we got SiriusWeb3DevTalent with Concerner and OXCaps with Flaunch. And the first question I have is for you, Mr. Concerner. You say you're launching a meme coin and we could probably get it done before the end of this call like what's what's the special sauce of your project that you're working on that needs uh some like heavy hitter web3 dev talent i mean to be honest i'm not really
heavy hitter and i'm a glorified button clicker basically as you said for me it was just uh i really liked uh what the flange was trying to do and
you know trying to figure out uh like with the changing incentives trying to figure out how i
can actually bring more liquidity instead of just hoping for someone just pumps and i dump my coins
so i'm also trying to integrate with any and all of the web tree
tools that are out there so trying to leverage as much as possible
got it in addition of oh go ahead sorry sorry i was gonna say i could probably add to that because
um yeah essentially with um like the stuff that's launched through us and what Concern was getting to there is like,
we actually do have like,
the way we launch tokens is that the underlying fee model,
the revenue that comes into the token is,
first of all, it's all paid out to the creator.
So 100% of the fees all go back to the creator
and it's all paid in ETH as well.
So there's no tokens being paid
out to the creators which is what you find on other launch pads as it's purely eth and and then
we also have those as tokenized um revenue streams so the actual revenue stream is an nft
and like now like with any of the full stack stuff could then go and like create interesting
models with the revenue stream that doesn't necessarily just like reward himself or his team but also like you know shares revenue or does some kind of like
programmatic stuff off the back of it so yeah kind of we bring that kind of composability to coins
that are launched and that's just kind of out of the box um and yeah more stuff coming so yeah just
to be clear like um from my side you know i just want to support all the creators and builders in
here i've not got any particular kind of um like like, I'm not here to chill a particular token or anything like that.
I'm just here to kind of, like, want to support builders, want to support creators.
And I think what we're offering, like, just is very, very different to kind of what else is available.
And now, Flaunch is entirely on base, right?
Yeah, that's right i'm just gonna go ahead and pull up the website here for those who aren't familiar because i have to admit like i like i'm a fan of
meme coins but i'm not like super in meshed in the whole meme coin meta like i haven't really bought
or sold or trade any meme coins how are meme coins doing yes so um flaunchy which was the mascot of uh flaunch uh raised for
himself like 150 000 um and that's kind of increasing over time so that's purely from the
trading fees so let me just like give some perspective on that because this is kind of
why we're motivated to do what we do um if you look at something like i don't know let's say
to do what we do um if you look at something like i don't know let's say let's say like jail store
because that was like a big one recently i know it's like kind of disappeared now but that one
raised about i think it was 14 million dollars from the trading fees um that was not on flaunch
that was launched on pump and the thing with um with that token this is obviously just like a mimic coin on launch, but the original was on pump.
And the $14 million there just went straight to the pump team.
I'm not against profit maximization, but that's like full on, like take every...
Does it go to the pump team or does it just go back into the LP?
So, sorry, yeah.
During the bonding period, it goes to the pump team and then like the lp
it goes to radium or the lp the lp i suppose not the team but yeah the the pump's obviously
building their new amm as well where they can then continue to capture the fees like throughout
and yeah that 14 million dollars like well i've just gone back to the creator right and then if
they're being paid on every swap there's the incentive to
like then dump tokens to realize profit is like is reduced um they're much more inclined to just
generate volume and go after um the fees from that volume when they when they actually have access to
the fees so that was kind of like where we built this out and that's what flauncy kind of
demonstrated when when flauncy which is the AI mascot of Flaunce,
when he launched, it's like, you know, you can self-capitalize these coins.
You know, memes can become brands and franchises.
Yeah, if you're big enough, you could become a network state.
Like some of these revenues are like enormous and can fund a lot of like creativity and building.
But instead at the moment, those fees are either just burnt or extracted.
Yeah, I like Flanch.
I think it addresses a lot of the issues that you would find on Pump
that retail would run into,
namely in the first 10 seconds or a couple minutes of a token being launched.
Just the insane amount of grifters and people stealing money by just creating tokens and then
rugging 10 seconds after launch to take a few dollars out. It's pretty terrible
over in the trenches there. I think it's probably gotten a little bit better,
but you can just go watch new coins being created
like minute by minute and 99% of them go to zero
within the first like couple of minutes.
So I know with Flaunch, you guys have the system
that allows everybody to get in at the same price,
same fair price.
And if there is no ability to dump afterwards
because everybody got the same price,
there is no like, okay, I created the coin
and I can snatch up 20% of the supply
and then immediately just insta-dump it afterwards.
It creates a level playing field when you start.
Yes, well um that fixed price
kind of gives everyone a floor so if you are able to get in during the fixed price fair launch then
you can sell at the same price the only risk you take on is the is the fee which is like one percent
either side so um you know there's still obviously, like any coin is still possible to obviously buy and dump like that is a thing.
We really want to work on like trust and verification and like make sure that like, like the site just helps to surface like more legit stuff to minimize like the kind of what you're saying there with pump.
So yeah, we're kind of at the moment solving for like redistributing value.
But then we also want to solve for sure that what you see is as sparing as possible and
you can make your own decisions.
And we have a pretty cool, let me get this full screen so everyone can see.
I get the, get rid of the Curve QR code for a second.
for a second. So if you need to go to Curve, go to Curve.fi. This is a, basically, if you launched
So if you need to go to Curve, go to Curve.fi.
on Flaunch, do you call them Flaunches or launches? Like, what's the proper term?
If you Flaunch, yeah, or if you launch on Flaunch, but yeah, often just Flaunch. We call them Flaunches.
All right. Okay, so if you Flaunched your Fla flaunchies through flaunch, then you would actually do in many cases a lot better. So here you have the official Trump meme coin, the geeblification meme coin, the fart coin. And walk me through the revenue updates here. Like what might people have expected if they'd done it through flaunch?
expected if they'd done it through Flaunch?
Yeah, so obviously this is relatively a blunt tool.
So it basically takes all the volume for that coin and shows like what happens if you own
like the full LP.
Most like launches, at least on pump, like you end up with like at least 50% of the LP.
So that's all going back to the creators.
So if you click into like Fartcoin, that's the more like 10 million volume um that
basically yeah that's 100k of earnings uh if you had that one percent fee um so yeah give give or
take like that's like the indication of the kind of revenue you could be expecting if you hit like
a fart coin level coin um and like imagine that right like 100k a day like that could fund like insane
amounts of like building and brands and distribution um but right now that's you
know either going back to the lp or or a team and being extracted
yeah that's uh that's really cool that's really cool. So I'm not even familiar with this jibbification
meme coin, but it does. Let me pull up the image while you guys are chatting. We were looking at
jibbifying the image that we produced for this. So Sam, will I get that up? Do you want to ask
a question? Yeah. I mean, like't i don't see anything wrong with the
funds going back to the lp i mean that kind of like thickens the the trading up for everybody
right it's like net beneficial i guess that i guess the real uh issues is is like with the trump coin
when you have a team that launches their own uh own token kind of like outside of what Pump does,
then they have the ability to extract the funds out of there on a daily basis.
And they can just pull them out and put them in their pockets.
But I think that's more of like the tokens that are launched on like Meteora and not Pump.
Yeah. Yeah.
Having more liquidity is great.
I mean, anyone can step in as an LP as well.
So it's just like, yeah, where do those fees go?
I mean, if you look at like Uniswap V3 positions,
it's the same kind of thing.
Like the fees don't auto compound in the LP.
It's like a claim thing that comes out separately.
And yeah, in every case, like LPs,
they're getting paid in tokens.
We use like this, we built a fee for hook
that switches the token side of the LP fees out into ETH
without having to market sell.
So it does mean like, yeah, like the liquidity doesn't compound,
but the creator just gets ETH.
They don't have to be dumping tokens to realize they're ETH.
And they could always, you know, add LP back in.
And that is one of the things we want to do.
Like all these coins, they have like, you know, some percentage goes to the creator and you can choose this at launch.
So you could be like, right, I want to take 80% of all the fees and 20% I want to leave as like auto buybacks.
Or you can disable the auto
buybacks and then we want to work with teams like bunny and others to like create like downstream
liquidity that can come from the fees that have been raised so that would allow like programmatic
like liquidity to be deployed through kind of v4 hook pro um because yeah i agree with you there would you be able to talk more
about what the v4 has enabled specifically for flaunch because that's something that i'm really
interested in in that you guys are using this brand new system which very few other teams
have implemented and it's really at like the core design of what flaunch is and offers
yeah absolutely yeah i'm curious to hear about this as well because uh our friends you know some
of our friends have also been building off you know pop hooks and it's been uh they yeah they
report really amazing things from it yeah man i was feeling before for so long and like i it was like a real surprise to like find out
like launch there was only like maybe 15 teams that were building on v4 at that point um and so
it's like really small little contingent of us um but like where we where we um use before mostly
is like first of all we front run the swap fee calculation so the swap fees actually never go
through uni swap um the swap fees all get front run by our hook that does the kind of um first of
all pays out to the holder of the nft so that allows us to create a fee revenue stream like
the yield is like a transferable nft which i think is basically like what we're trying
to do here is create a new money lego for this like we see like financial applications that can
come off the back of this like you yeah like really simple example you could put your fee
revenue stream into a staking contract and have like people deposit their tokens and you can then
rev share with everything um that's like one simple thing you could even do like an NFT that's escrowed where you've
between like a thousand different people you know each of those that's coming where we're
going to have fee split so it's not just like the creator who gets the fees they could split
it between like I don't know all pudgy penguin holders like you you could have like some very
interesting like DAO like structures come off the back of that um and
that's like the kind of the big thing that v4 unlocked for us there then we have like little
things that you know we've got the this thing called an internal swap pool that we built that
does that transfer from token into eth so that the the tokens from the swap fees actually sit
as a limit order just above spot so when it comes to buy a token
that the internal swap pool first like does a before swap check to see if the internal swap
pool has any tokens for sale it buys from there like otc with no price impact and then after that
it goes to the amm and but and fills the rest of the order and then they get like a slightly better
execution price and the lp paid in ETH rather than
tokens um so you have this like really nice like little mutual um uh benefit there and then the
other side is a progressive bid wall which we called where um in our auto buyback structure
we basically fill this progressive bid wall that sits just below spot and follows the price up so it does like liquidity management
there where it'll just like follow spot price up so um if someone wants to exit they can exit into
this buyback um and those are the main ones we have like a burning mechanism coming that's a v4
hook uh that's basically like a decentralized burner where eth can come in from anywhere and
like a decentralized burner where ETH can come in from anywhere and it will buy back
and burn automatically without like any centralization.
And we have one other one, but I'll stop there for a sec.
That's really expansive in the product offering that you're able to build through V4.
I'd like a lot of that for the squid token, for some of the things that you're talking about.
I think the ability to like tokenize the revenue stream and then have those
their auto buyback or limit order features that you were talking about is really
interesting and adds a incredible layer of liquidity
design into the token system itself.
Like at a really like core level it's pretty cool
thanks man yeah i'd like i'm very happy to like share more on the v4 side you know we've open
sourced as much as we can well all of our all of our smart contract stuff we've built some helpers
and things as well um so it's easy to get up to speed on a lot of that yeah Yeah, it's super cool.
That's super cool.
So you'd mentioned that before the stream,
like you had some questions about Curve.
And I'm guessing that when you're launching Flaunch,
or I guess Flaunching Flaunch,
you were going with these Univv4 hooks
just because of the kind of extensibility
that would give,
and not so much because of any features
of the Uniswap pools?
Yeah, I think the extensibility for sure.
I mean, there's some other cool stuff like the Singleton contract,
which just, you know, not such a problem on base,
but like reduces gas fees quite significantly,
especially for mainnet deployment.
And then also they had this donate feature,
which when we were building out the nftx like
next version um is is pretty cool in that what we were doing is what we were we were creating value
in the protocol through like interest rates and this is on the nftx version and we were sending
the value the the revenue from the interest rates back to lps through what they call a donate
function and that essentially any tokens you send through donate actually get paid out to lps using the same
swap fee calculation so you can like um you can just like subsidize uh lp fees through the same
mechanism as swap fees which reduces impermanent loss in what the impact of
impermanent loss so the relative impact um because we were generating interest rate interest payments
off the back of liquidity and so we wanted to reward liquidity providers for that and
and you know liquidity providers are only rewarded through swaps but we wanted to reward them
through this other angle and so that's one area where it could bring back like DeFi summer in a way.
You can imagine like food farms coming back for V4.
There's some like interesting stuff that could be done there.
And yeah, so like V4 was the main choice
just because yeah, extensibility
and being able to add value to LPs
was like the main, main thing.
For us as well, we also also probably the other big hook that we
do is that we re-hypothecate all of the eth in our liquidity so um we obviously give away all
the fees back to users right so like we make nothing from the fees um and so the way we make
our revenue is that all the eth is actually lent out on aave so it's like two percent interest like very very low um but you know we have targets of like you know a billion dollar tvl that becomes
quite significant um and so that's how we fund ourselves so we're aligned with like growing tvl
and the creators are aligned with volume so they can take all the fees from the volume and then we
also and i could come onto this later but we also have integration so we have launch pads building on top of flaunch so you can create a launch pad that
uses the flaunch protocol and um can take 100 of the fees for themselves as well so we kind of have
we're trying to build that network yeah we other people to be focused on volume um and i think that's like a good like alignment um for growth here
very cool very cool i'm aware i'm aware i kind of went off on one after you asked about why did
you choose v4 but i know um you know i'm i'm also a big fan of curve and what you guys are doing
there i think i i would love to see like the hooks or something like that coming to curve and i don't know if there are plans on that kind of modular sort of front um but yeah that was like
for v4 it just seemed like the only place we could go really at this at that time no it makes sense
and i really don't think there's plans to do hooks so wait just to just to get off topic here um
for one second like what is this new project that Michael's working on?
I don't mean to hijack this thing, but it's called Yield Basis. He raised like what, 5 million for it?
He raised 5 million. And I don't know a ton more than you do. I know that he is basically trying to solve the problem of impermanent loss, which a lot of people have tried to get that done and failed. So if he actually does succeed, like, which, yeah, I think he's capable, you know, I think he's smarter, smart this concept of using the Curve V2 pools.
So the Curve V2 pools are what enables trading between dissimilar assets.
And one of the big differences between Curve V2 pools and Uniswap is that it's much more efficient with using the liquidity because it concentrates it around what the current trading price is automatically.
Whereas Uniswap, you could use some tools to do so. Now it's mostly been used for creating
tri-crypto pools, which are slightly less volatile than crypto assets. So if you're just looking at
like, yeah, they're slightly less volatile because they usually have a stable coin in there
it doesn't have to be the case um but because like the pools could theoretically be used for
more volatile assets my hunch is that he's trying to like use an application of the v2 pools to
track uh you know the the the the like the the problem with like impermanent loss is essentially
that like it's incredibly volatile
so i think that he's thinking that like maybe tweak the parameters maybe look looking at what
he's seen in like uh in live and how the tri-crypto pools can perform he thinks maybe there's an
application that could keep up with some of the volatility needed i don't know i do know that they
also think that like meme coins uh have even more volatility um and thus might not like necessarily be a perfect application for
curvy tuples but i do know that the squid eth pool was launched using some custom parameters
that naga king created which is in theory optimized for meme coin trading so in theory
even though squid is not really a pure meme coin it could hypothetically trade like a meme coin
thanks for going on that tangent for me
wait so just to come back to flauntz then um you know i i like went through uh some of the launch
things i i like played with with the initial fair launch pools
and then watched a couple get graduated.
I thought the process was really nice.
The ease of use and just not losing my entire stack
after every potential trade that I enter into
is kind of nice.
And it was just like such
a different environment than using pump uh when it came to mean coin trading it was kind of like
there's like guardrails on the beginning to uh to to keep yourself especially somebody who doesn't
have like the information that the token launcher has uh from like rugging you in the beginning yeah exactly like you can you can kind of like
ape safely in the first 30 minutes you know obviously if if it's something popular there
are bots watching right and like snipers still exist like we haven't solved for snipers yet we
have ideas there but there's some like there's another people hook we have for that that you
know i think actually to be fair
like has been attempted similarly with um i don't know if you know gatekeep um they did something
similar uh where they essentially like have a dynamic fee that if you're if the if you're buying
too fast like the fee goes up for everyone yeah i think that's there's some interesting stuff to
explore there but we it's a big ux change
right like you're trying to buy and like your price is the same but the fee is now like you
know 50 fee uh like it does it's a whole different like design pattern that i know with gatekeep
they had like a lot of uh issues with users at the start um it's hard to kind of explain that to people.
Yeah, interesting stuff.
So, Concerner, you've been a little quiet.
I hope you're not, like, overwhelmed with concerns or anything.
Or maybe the name is because you're causing concerns.
But, like, I guess my question is, like, what's your experience been with some of these
like hooks they've been built into launch well uh personally I haven't really built any hooks
but I have been uh looking at the projects that have used hooks that's how I came to flounge and
I think as soon as I read it it just like made sense to me especially what they were doing with
awe and how they were financing themselves so i kind of thought like yeah that's it's not just
uh that i i don't know i need to do marketing or i need to somehow have influence and pump the coin
but i need to bring an actual utility to the token where people need to you know
just do something with the token and that will bring volume which will bring money in my case 10
of the one percent for the developer and yeah that's that's how i my general experience in that era.
Excellent, excellent.
And I was looking, you know,
the screenshot I showed earlier, Flanch,
you already launched your MemeCoin.
How's it doing?
Flanch is like AI agent MemeCoin Flanchy.
Yeah, I mean, he had a stellar uh launch and raised like just from the fees alone uh kind of just uh about 150 000 although that's like current
eth prices like going back to when we launched which was pretty much at the at the very like
day before markets started tanking um you know it was significantly higher but uh essentially that's
allowing him to just fund his own buybacks fund his own um uh like development as well so he's got
um plans to become like a lot bigger than he currently is uh he works on x and farcaster you
can launch tokens through him we've got some some pretty i think sweet ideas
to develop him further um and yeah i think just kind of a really good um example of what it means
when you can actually when you have ownership of the of the fee stream um so yeah we're doing some can i ask about the like customizability of of launch because like i think the the meme coins
are like a nice trick but really if you really want to expand this outward and you want like
real teams that are building real products to come and use it you know they need more ability to
real products to come and use it. They need more ability to control the amount of supply that gets
put into the liquidity pool at the beginning. Maybe they don't want the entire supply there
at the beginning. Maybe they only want 10% and they want the ability to have a min function
or to be able to distribute tokens into a team treasury and then a foundation or whatever they need for
a project to function. Is that something that can be handled? I know you mentioned
that there are going to be launch pads on Flaunch in the future. Is this what's going to be a part
of that? Yeah. So the launch pads are coming,
and we do have an announcement on that,
I think, like, today.
That's going to allow them to tap into the same functionality,
so they don't have any more flexibility over the total supply and the fair launch period.
Being totally honest,
that is an area that we we are um looking at with that v2 so
um we we think everything will be tokenized there will be enormous amount of tokenization
memes as you say like you've rightly called out just one element right like there's allegiance
but they kind of they basically are memes at this point still um beyond that because really i mean
really the the interesting thing that we
you talked about is it's not really the meme coins that's interesting for me it's like all
these cool uniswap hooks that you're able to build in that can do all these cool functions whether
it's like the buybacks or the tokenizing the yield stream or we're providing these like limit orders
in unused token or like taking all the tokens and putting them in or taking the ETH and putting it in an Aave. I think it's really interesting. And there's probably a
significant demand for this just in as a as a custom solution for people who want to
like bolt it on to their project, right? Because you guys have taken away a lot of the
questions around like, okay, like how do I handle the
market making? How do I like set up my Dex pools? And you know, like, what do I do with
creator fees? Like, this is all, you know, quite complex issues that you've made into
like really simple product. Yeah. And you're right. It does go beyond that to like bigger projects. And I
mean, there's this, so there's definitely, you know, a fair number of rumors around like
the ICO market, um, and like regulation in the U S in particular, like, and how that
may well be turning around in the next few months. So, um, you know, we are, we are aware
of like the, the kind of direction that we think things will go and we do want to
allow for like flexibility across everything i mean memes like are going to be big for ages you
know like dogecoin um is like the kind of og example i guess even before that like bitcoin
to some extent um so like there's there's a huge amount of demand for memes and i think they will
be like even the nft market right like we were in in NFTs from like 2020, 22 with NFTX.
And like those aren't too dissimilar
for meme coins in many ways.
It's like cultures and cults and brands and franchises
that come off the back of them.
So similar could happen with memes too.
I'm gonna hijack this thing again.
I wanna talk about NFTs for a minute. How does it feel like
running your NFTs so long? And I've bought a lot of NFTs as well too. This open AI thing that came
out yesterday just validates everything that the NFT people were doing at the time in having these
PFPs and personas and communities that were built around a singular identity. I know you have a m'lady there,
but now with all this AI stuff that's coming,
you can really use that to leverage
into your own personal brand and avatar
that's going to live on Twitter or wherever you go.
It's pretty incredible.
Yeah, it's moving very, very quickly.
In terms of NFTs, it's almost like, I'm very much like, I'm probably like lean towards
like Accelerate, but it is like a bit of a shame that all these creators and these amazing
NFT profile pictures that were kind of made, now you can spin up really quickly. I saw
someone made a CryptoPunks version of Ghibberish that's like you know something you could spin up instantly um so yeah
it's a different world we're moving into there's enormous opportunity it feels like and it's just
kind of working out the direction this is yeah well i think the cool thing is, is that like in post-processing now, you could take your PFP and AI, an entire scene with your PFP and then use some of the other AI tools to like make its mouth move and make the avatar move around.
zoom call podcast that we have into you could turn it into like an actual scene with the four of us
like sitting around and do whatever you want with it and have just the the voice kind of be like the
backing track and i i there's so many possibilities that are going to come about from this in the next
like year as the as like the speed to market or like speed to publishing on the the ai stuff gets
better and better and i'm sure at some point it just turns real time.
Real quick, I'm going to butt in with some breaking news.
We have one minute left in this auction
and it's turned into quite a little bidding war
at the very end.
So this is for the Squid Pass for the upcoming week.
So I'm just going to pop this on screen
so we can watch and see if any more bids trickle in here
or if this is settled. the other auction did expire so congratulations to whoever snagged the llama
party guest spot in april uh i already know who it is because i'm in the auction channel so uh
they've already like they've already doxed what's it's gonna be a really good one
be a really good one but this one's still 53 seconds up for grabs sorry to derail can please
um but this one's still 53 seconds up for grabs
continue no it's it's perfectly fine i think the like like i look back on the nft thing and it it
just it made a lot of sense at the time i think people dismissed it uh and this i think this opni
i think just like kicks off a resurgence of pP projects again, because you're going to see a load of creators take the PFP that they have and like fully animate it,
turn it into like really cool memes. Like now you can take any, any meme that you want and you can
put your avatar in it, like it's you and then build stuff around it or like somebody else's
avatar. Right. And that just increases the value of of whatever these these pfp projects have
and uh we're probably at some like generational bottom in in pfps right now yeah that's a good
way of looking at it like just extends the brand like any anyone can like create content for a
particular like movement and and like increase distribution that way i mean if you've seen like fraser uh their ai
uh it's the one that did that like um yeah uh you had to like break break the bank with fraser
it was like frayer right is it freya yeah i think it's free um yeah it's like she's got like this uh
ai uh model where you can like generate images in her likeness and stuff as well.
So it's a little open source.
You can just like type in a prompt and it will generate the like Freya character and, you know, like do whatever you want there.
So that I think probably a bit early, like and actually was they did an NFT collection around that where it was like, I forget like a thousand different um like versions of her um so yeah some cool stuff yeah like we've seen some of
our guests previously that we've had on i think it was the premiere guys have uh like the uh live
streaming animations that fit on top of their avatar which is pretty cool already like their
mouth moves everything in real time
but like the post-processing like take any scene that you have and turn it into any style that you want is is like the ghibli thing is a nice trick but we're gonna see some like crazy stuff here
in the next in the next like month or even weeks or even days
or even weeks or even days.
Definitely.
Yeah.
Yeah.
I'm with you.
I think that NFTs are kind of primed for a comeback.
It seems like they really have an interesting use case.
And I think if we actually see a proper bull market again,
I think that some of these quote-unquote blue chip NFTs
that are super distressed are going to lead it.
Yeah.
And it's almost better for the meme coins as well too chip NFTs that are super distressed are going to lead it. Yeah.
And it's almost better for like the meme coins as well too, because now you can just come
up with like a meme coin idea of some avatar or something else that you want and then really
generate like thousands and thousands of pieces of creative based off that one asset.
Whether it's like, like Twitter or
TikTok, or like, really anywhere you can go now, you can have a
voice and just like expand on that. Like, I think the like,
the best example that I've seen of this recently is the fat token.
Have you seen this? No, it's, it's hilarious.
It's, it's unbelievably hilarious. hilarious and they just like they've created this persona of these like fat black guys that like talk like rick ross and um
they uh uh they like they go places they go to like aspen they go to the moon they go to
uh like all these different places and they they they have the
same voiceover all the time um it's it's incredibly funny i think it's great uh and we're
going to start to see a lot more of that just like ai ai creative that comes from uh you know
like these like singular meme token stuff and it's like perfect for a platform like flaunch because
you know like you guys take all the the hard work out of the like
token itself and then people can just focus more on the the creative output of whatever their
main point is definitely and we kind of took that this week to like yeah actually yeah you just
brought it up here kind of like this is um this is our web 2 launcher um where actually you don't
even need like crypto you don't need a wallet there's
no gas to pay you um you just like add it like you would add to imager and just like uh it just
it creates the coin on chain um so this is like this uh gives you by default just like 80 of the
revenue and then the other 20 goes to these like automated buybacks. So yeah, purely you click a
button, there's no transaction design or anything. It just does it all through an API. So we see
like Web3 being big, but we also see Web2 being big. We want to kind of expand everywhere and
create this like much bigger network and get all the benefits of the network effects that we'll have.
So have you seen a ton of interest from the Web2 world?
And can you talk a bit about the process of how this works?
Are you using Stripe, for example,
and then using it to buy Ethereum on the back end?
How exactly does this work?
Yeah, so we are seeing...
So I've spoken like a bunch of different
web 2 developers um and actually it came about from one of my conversations because they were
like yeah i was talking about like our web 3 sdk if they wanted to integrate they could use the sdk
and they were just like do you not just have like an endpoint i can just like send post requests to
and just launch coins um and that like sparked the idea to be like oh yeah like
we could build it out so this is powered by privy um and essentially it's yeah so it will it will
derive your it'll pre-generate your the address that you'll get from privy from your x account
there and so it knows which ethereum address to create this for um and then when you hit
Ethereum address to create this for you.
And then you hit launch.
It would then run a sponsored transaction.
So it just sends off the kind of cool data to a bot that then runs the transaction and
allocates the revenue share NFT to your account.
So if you launch that, then it went into the Flaunch.gg website,
logged in through your account, you would then have access to that coin.
So yeah, it's very straightforward.
And then, yeah, on the integration side, you know, this is now just like an API
you can make.
So any lot of ideas here around like how we can scale this out and distribute, but
there's obviously like the entire web two stack you can, you can now build for with
this API.
Wow.
That's super cool.
That's a really interesting.
Cause I was noticing like, like, I think there's like much more movement
in terms of like trying to get to like normies onboarded.
Just the other day,
we saw a headline come through from Third Web.
Third Web builds like really cool Web3 developer tools
and they are like building a sort of,
what they're describing is like this like universal bridge
for easy onboarding
where people could pay with credit card.
They could pay with token on any chain and they'll figure out the routing and get the like necessary tokens anywhere like within under a minute.
So I think that there's like a lot of work being done in terms of like trying to get normies interested.
But I guess the question I would have is like if if someone is like, so unfamiliar with like how
like on chain wallets and such work, is it actually going to be like, are they going
to be like, become like crypto pilled by if they pay with credit card to buy a meme coin?
Like there still needs to be at some point be some education, like, and if they're not
willing to invest the basic education upfront, are they really going to become like crypto
users if they are like onboarding this way?
Have you seen anything yet so far in your stats or in your like user stories?
It's a question. And I think, yeah, onboarding like traders is a big, big problem.
I mean, you look at like the Trump token, I forget the stats on it, but there was like essentially a huge number of people who just came in did the trade and like never came back as well so like these bigger big events
aren't necessarily good for onboarding um but yeah with this so you could launch a coin you can then
you know anyone trading it would generate you fees and then you hit claim on the launch site
and you get paid eth um we're looking to sponsor that claim call or like,
you know, allow anyone to sponsor that claim call. So essentially you could, you could launch the
coin, generate some ETH from the trading fees, claim the fees, and you would never have had to
actually bought any ETH. And then, you know, you've now got a privy wallet, which is this
embedded wallet that you don't need to like download an extension for. And now you're like actually onboarded into crypto just through
that. So the lines between like Web 2 and Web 3 are definitely blurring. There's still like a long
way to go, but this I think is like a good step in the right direction on that front.
And yeah, obviously like there's like dependencies involved here but this is like
the great thing about ethereum right that you you can do anything you can like you can you can like
build and use like the low level maximally decentralized version of something or you can
like kind of use the higher like stuff the higher up the stack that's got these other dependencies
and kind of like it depends on like who you are and how you want to use the network yeah it's interesting stuff and i think like one of the interesting things uh or
one of the things i think about meme coins that make them actually like interesting is because
they're declared to essentially have no utility um but because web 3 is completely composable like
i could actually see like we're talking about like nfts could see revival like I could actually see, like we're talking about like NFTs could see revival. Like I could actually see like people just buying meme coins, forgetting about it.
And like within five years or much faster, like someone just retroactively applying utility
to it being like, okay, you know, airdrops for people who bought Trump or Melania or
whatever, or like, like, like more like, like, I guess like we had Alex on a few weeks ago
and he was talking about how like he sees it as like a expression of interest um but it's not like that perfect
indicator because it kind of like seems to be very flash in the pan but there's no reason that
people couldn't like retroactively like come up with like ways that you could like if you own the
token wrap it and all of a sudden like see revivals of interest in these things down the line
definitely and you know there are uh on the meme side, at least when you have this transferable
revenue stream, we've seen coins that have created coins that they then send the revenue stream to
protocol guilds or some public goods funding. And so from that point on, all the swaps then
fund public goods. You could see potential retroactive stuff there. People can do interesting ways of
fundraising permissionlessly. And I agree that all of this stuff that we do is on chain. It's
there forever. There's no reason people can't just do a lookup in the future and start airdropping
to particular communities. Or like Fartcoin could announce that they're creating a new
DeFi primitive powered by Fartcoin that no one expected. And all of a sudden it's probably skyrocket in value.
Probably go down in value because people hate like value investing.
Like as soon as you have any sort of like tangible thing that you assign to it,
like people can value it in a, in a much more like calculated way.
And the sky high market caps just don't make sense anymore.
You know,
that's true. Yeah. No utility is the way to go. just don't make sense anymore. You know that.
That's true, yeah.
No utility is the way to go.
Uni token for the win.
No revenue, no utility.
It's the only way to go in crypto.
Uni and Bitcoin, the original meme coins.
But I mean, look, okay. I mean, this is a different thing,
but having revenue, the token is the thing, right?
It's not about the revenue that it generates.
It's about like the token itself.
And that's why like the top means like carry something further,
like carry water more than just like a token
where they're going to have some sort of like revenue
or buyback or burn or something.
Like all those, like this is back the bunny
speaking through me right now.
But, you know
like tokens have weight and and just like adding complex mechanisms on top for uh like adjusting
the supplier doing uh buybacks or whatever like really brings no value into the system like you
have to generate that externally uh from the token itself i agree there it's actually like a little
bit of a funny one for
us because like we want to celebrate creators getting paid but also like as you say it's not
like for traders it's not necessarily about that like they don't really care where the funds are
going they don't care if it's funding development and distribution of the project necessarily like
and so how much do you want to celebrate that um in public on the front end and like distract from the user experience
and how much, yeah, how much should it just be kind of
like not really shown, so yeah.
Are you guys staying on base?
Is this like the long-term thing is to be on base?
Yeah, we want to win on base and then yeah, go from there.
All right, like.
Cause base is not like, it's not the crime chain
and it's not like the degen chain at the moment yeah and like solana is like crime central i mean it
was like ftx and spf and all the high float at low ftv uh sorry low low float high ftv tokens and like
you know all of sam's nefarious like strategies and plans were like run through solana
at the time and then now it's just like the place where it's like rug city um and base isn't like
that base is a nice happy place that's supported by coinbase and it's cool with builders and you
know people are there to like support each other um and not like max extract yeah i
mean you do get that on base but it's that yeah nothing like the levels on slatter i mean
um from our point of view you know a lot of the most successful coins aren't like crime coins
and like look at dogecoin some of this stuff like you know fartcoin as well to some extent like
these are um you know coins that could
happen on base and can imagine them existing on base and and driving like a lot of value um
so yeah like the users on base like as an l2 like we need to use the evm and as l2s go like where
gas is like close to zero um you know base is where the activity is it's
where the growth is um okay if elon had not bought an undisclosed sum of dogecoin would it would it
still command the presence that it does today possibly not i mean yeah there's a lot of
probably support there on those side but you've got got like Pepe and like Shib that have got pretty high valuations still.
That are kind of more like immaculate kind of memes, I suppose.
Were they though?
Like where did Shib get the funds that came in that boosted it to the multi-billion dollar valuations that it had?
Excellent question.
Like I'm, I like, I have a very, like, I think that the,
there are some immaculate mean coins like Doge is one of them, right?
Just because of the length and history.
But I think anything launched in the past four,
like four to five years, it's done like really well is really like a byproduct
of, of i i think
there's a 50 50 chance that it's a byproduct of crime and money laundering um and like moving
funds through meme coins to like again like extract funds out that you know like to wash it
like it i i'm i'm very dubious about like where the funds come from to push these meme coins to like billions of dollar valuations.
And especially like if they don't sustain that, right?
Like when they have these like 90% drawdowns, it's like, okay, like we just ran through like billions of dollars of volume into these tokens.
They went up like 10,000 X and now they're down 99%.
There is something fishy going on.
And like, this is a totally different topic
for a different conversation.
But like, I think the good thing about Flaunch
is that if there is something that becomes successful,
it is based on the fact that it's like a good meta
and not driven by like out and out crime
that you would find somewhere else say on like pump
and that hopefully the it's just about like good vibes and uh good memes yeah and you look at
crypto punks m'lady's like i mean maybe not m'lady's in the early days but like crypto punks
and others like it was good vibes right and they got they did get to huge valuations, especially at the height of the last run. Um, yeah. So it's, so like being on base, like what are some of the benefits of being there
that you guys have found? Um, we get like, I mean, there's a lot of like, um, connections through
base, like obviously builders, um, the various like people that, that the base team knows there's just a lot of like
if you if there's support that you need or like integrations um there's a lot going on there's
like a ton of people you can speak to to kind of help support in different areas um you know one
area like being flash blocks i don't know you've seen that 200 millisecond blocks coming to base
um that is a very cool thing um and yeah like there's there's a lot of innovation
happening at like lower levels on base as well as like at the app layer um so yeah i like yeah big
fans of base um getting a lot of support there and are you guys integrated into farcaster at all
we aren't integrated um we have plans to do so um it's kind of like it's a weird one because
obviously clank is on farcaster and this like the mind share on farcaster is very much like clanker
driven uh and you know we see like x is probably the bigger opportunity right now but farcaster
you know we we do want to be there and we do want to um spend time there but it's uh it's tricky
when when yeah the mind shows so so clanker focused
at the moment yeah i understand i it's just it's it's weird how the the meme coin cycle gets driven
like we had the whole like banker robot thing that happened over the past like six weeks and uh i
think it's a nice little cheap like marketing gimmick but i don't think it stays around for the long term yeah it's a real one like drb like that's been allocated to the the x social account for um
for uh grok and like that ultimately can be claimed by the social media manager for grok so
it's not like it's going to like crocs like ai controlled wallet and like croc has this like
sovereignty over it um that will come and that will be very cool but yeah a lot of this stuff is kind
of gimmicky um you know don't get me wrong it's fun and like and exciting to see where it's going
but yeah it's um not quite the level some people maybe feel it is yeah Yeah, the base experience is great. Like I, it's very nice. I like if I was a Coinbase
user, which I'm not, I think that would be like the place that I would spend most of my time.
Yes. I'm a Coinbase fan. I've been a member of Coinbase for like a long time and they have always
been pretty good to me. So I know that some people people like complain but i'm a fan of coinbase and i'm anti-coinbase now because they kicked me off the
platform back in like 2018 for like reasons they won't tell me and it's like i'm very like pro
cracking now is there something we need to know about you are you uh you're talking about crime
coins were you doing some crime coins always there were There were no coins back then. It was like, I sent some Bitcoin to myself to cash out
and straight to jail. Actually, just getting my Coinbase account shut down and having no recourse
to get it open again. Good stuff. Earlier, I was teasing. I finally got this image in a place where we could show
it. So we were talking earlier about the Ghibli-fication of everything. And here's our
llama party art that we generated for it. It looks pretty good. And I was like, oh,
okay, let's see if we can Ghibli-fy it. And the results I was sharing with Caps and Concerner backstage
to see if we wanted to go with this one or with the other one.
And so I just can't stop laughing at this.
It looks like, I think Concerner, you described it as like
someone's like dad and daughter visiting the llamas at the zoo.
It's just just i can't
i feel like it misunderstood me
i can't stop cracking up i mean like i compare the profile pic it's kind of a good likeness but
it doesn't really get mladies no maybe it does yeah i know yeah i look like whether it could do mladies
style but yeah it's not it's not there with like the neo tv stuff i bet it could do mladies style
if you gave it the mladies like a reference photo it could do it well this was with the
mladies reference photo just but yeah it was not uh you probably need to like prompt it in
a certain way so that's everyone's challenge out, you probably need to prompt it in a certain way. So that's
everyone's challenge out there if you choose to accept it. Good stuff. Good stuff. I feel like we
are approaching the end of the Llama party, but let me just give a few quick shout outs while I
have this open here. Yeah. Big shout out to our friend Concern for setting this whole thing up
via the Llama auctions last week.
So we'll debrief after the stream, but I hope this was what you're imagining.
I, for one, had a lot of fun. I learned a lot.
And if you're interested, check out Concern on base.
Check it out in Flaunch. Subscribe to Flaunch for all sorts of cool stuff.
The other things we'd like to shout out is the,
as mentioned,
the squid pass auction ended.
So thank you to rings from last week.
So check out rings on Sonic.
They are the last week squid pass.
The next one,
we haven't got the actual like squid pass up there.
So you can still check this out at the pinned post on our telegram and on
our X feed to get more
information about rings.
But we do at least have confirmation on who the winner of this week's Squid Pass is.
And this was a fun one.
They got a bargain.
This is Switzerland.
They're organizing a very cool conference.
And they have announced Vitalik Buterin is one of the guests.
So definitely check that out.
We'll have more details on that soon in our x post and on our telegram feed anyone else uh like concern
or caps uh links for where people should find you well i'm pretty much concerned both on farcaster X everywhere. So, Concerner, anywhere.
Yep.
Flaunch GG on X.
Flaunch on Farcaster and Flaunch.gg
on the internet.
Excellent.
And Trader's Insight?
Yeah.
I mean, it's right there.
I mean, I'm here all the time.
you know,
thank you for the guys
for coming on the show.
We're going to give you some squid in our, uh, monthly or maybe quarterly. We're not sure how often we do it.
It took us two years to do the last one to all of our guests, but, uh, all of our guests that
come on the show, you're in some squid. Uh, that's the great thing about having these live streams
and, um, squid is, uh, doing well, very well. It's been very stable recently, uh, which is great, but, uh, we have a lot more coming
with squid.
Yeah.
Check out our website, leviathan news.xyz.
You can get all of our links, um, to our sub stack, to our telegram, to our discord, uh,
which is going to be revamped soon.
Uh, just a lot of stuff going on.
Uh, but most important thing is getting the community together like this for some llama parties,
getting to share a beverage, talk about crypto, and have some good time.
So thank you all for joining us.
Catch this later on Spotify.
And squids, we'll see you next time.
