We’ve been in the lab behind the scenes for a while now, working on a full revamp of
@bonkfun.
This update opens the door to a lot of new opportunities. One of the most impactful changes under the hood is a complete overhaul of creator rewards and how we realize fees from claims postmigration.
The revamped codebase now allows us to claim and realize USD1 only, instead of USD1 an SPL token. This change cleanly isolates fee claims away from the LP itself, making LPs much stronger and preventing fees from being exposed to compounding effects which a huge difference for creators on
@bonkfun.
And this is just part one of a much larger series of updates we have lined up.
It’s been a busy few months. 🫡
Everyone agrees creator fees are too damn high!
Today is the first step in bringing the trenches more in line. First, we are introducing BONK Classic launches. BONK Classic launches are an opportunity to bring the trenches back to their former glory.
- NO creator fees
- 0.30% swap fees, with nearly all of the fees going towards compounding liquidity
This structure is the same as what we usually saw in 2024, when Raydium memecoins soared to billions in market cap.