In the second half of the meme track, apart from pvp on Sol and filling positions on Base Virtual, meme gameplay has also seen updates and more variations. Repump began to recycle 'junk' memecoins, and Farmer meme attracted users to create pools with high APR.
Farmer meme: 50 times MemeFi in 3 days
On November 30, blogger LSP earned 50 times the return in 3 days by forming a KACY/SOL pool. He earned transaction fees by pairing KACY and SOL, and deposited the earned trading fees (30 SOL and equivalent KACY to 50 SOL) again for 'rolling positions' after 12 hours. Although the final FDV of KAYC dropped to 20M, he still achieved higher returns than simply holding the tokens.
Although some memecoins can easily go to zero, as long as the trading volume is sufficiently large, LPs can still earn substantial profits from transaction fees. A better entry strategy for Farmer meme is still to form LPs with higher APR. Farmer meme adopts CLMM (Concentrated Liquidity Market Making) rather than AMM; liquidity providers (LPs) specify the price range in which their liquidity can be used for trading, and users need to manually set the range. If the price range is not adjusted in time, it may incur significant impermanent loss.
However, it is worth noting that a portion of the rewards ultimately obtained is distributed in the form of the token $BRRR. $BRRR is the governance token for MEME Farmer, enabling users to participate in decisions and ecosystem activities. Tokens can be obtained through LP Farming, staking, and community contributions. Additionally, there will be a 10% fee on harvested earnings (all tokens in LP will be converted to SOL). Of this, 50% of the earnings will be used to buy back $BRRR and sent to the treasury address.
In the early days, the high APR was largely due to the rise of $BRRR being included, which caused some selling pressure after 'mining and selling'. Although $BRRR had a buyback plan later on, unfortunately, $BRRR has already started to follow the 'Christmas tree' pattern.
It should also be noted that the project has not yet undergone contract auditing, which presents certain security risks.
Repump: On-chain 'Spin' launched
With the explosion of new narratives brought by Pump.fun regarding on-chain asset issuance, although memecoins have ushered in a significant wealth-making trend, the golden dogs that can emerge are still few and far between. Instead, after the feast, people realize that there is an oversupply of memecoins in the market, and even research-oriented P players may humorously refer to themselves as 'garbage pickers'.
Repump's product design is very similar to 'Spin'. Due to the rampant issuance of assets, many accumulated tokens cannot be circulated. Repump can activate the liquidity of shit memecoins. Users can deposit excess memecoins into Repump's contract for destruction, and after destruction, users can earn corresponding destruction points at the end of the activity, which can be exchanged for the new token 'Super Monster'.
It is important to note that the points earned from the destruction are only related to the value of the burned tokens, not the quantity of the burned tokens. It is also related to the total value in the burn pool. The 'Super Monster' that users ultimately receive will be calculated based on the value they personally burned divided by the total value in the burn pool.
According to Repump's official Twitter, within just 3 hours of launching the second phase, over 700 players burned more than 3,000 memecoins, with a total value exceeding $122 million.
Currently, the top 10 tokens burned on Repump are: $PNUT (33.31%), (11.67%), $RIF (9.68%), $SCIHUB (2.11%), $WIF (1.77%), $ACT (1.51%), $SSS (1.31%), $NuCouché (1.3%), and $Riemann (1.28%), with other tokens accounting for 33.45% of the total burned. It is worth noting that rewards can only be claimed after the Burn ends.
Repump's platform token Goose has also started a major upward trend, steadily rising since its launch, following a 'higher high, lower low' path. Its market cap is stabilized around $10 million, with trading volume fluctuating around $800,000. The platform token Goose will also be empowered in the future.
The market has voted with its feet to choose the mainstream narrative of this 'meme super cycle'. Although there are still many voices expressing FUD about these projects, as memecoins cool down, these new gameplay methods in the meme track can be considered a new 'ray of hope'.
*This article does not involve any investment advice. The above projects are still in the early stage, please be aware of the safety risks in investment.
