Bomp

@SolportTom check your DMs, running an experiment involving USD1 pairs myself

P.s see a lot of things on the timeline talking about stable coin pairs vs solana. Tldr on it, is when a token is paired with sol and sol goes down the USD value of the token goes down with it even if there isn’t mass sellers since it’s priced in $SOL per token then *’d by market price of sol. With stable coin backed pairs, the stable pair theoretically doesn’t go down so there’s no USD value loss automatically when the majors are crashing. That’s the beautiful of usd1. Of course this doesn’t account for things like mass panic etc but fundamentally that’s how pricing usd pricing is calculated on these pairs. Think usd1 is going to be a good spot to test this out.

Tough times in the market hope everyone is hanging in there. We’ve been hustling behind the scenes the past 3 weeks hiring people who can make a real difference to @bonkfun, rebuilding from the ground up. Excited to be working with real trenchers who have been through the shit and been grinding for years, some have announced but there’s more to come. In order to change you have to admit your shortcomings, things haven’t been great across the board for awhile now but with all the new hires we’re confident we now have the right people that can help us make decisions that benefit people the most. 🫡

Hey guys would love to chat with the team. Have been working on some permissionless futarchy models for a while and might be exactly what I'm looking for. (Curious to hear thoughts on leveraged markets to amplify signal when the proposal might not move the needle much, especially at higher mcaps)

@vitaliydolnii Not the end for the coin. Just reiterating that the current state of BOMP (the pegged launchpad dynamic) is not the final form.

@BompMarkets What about the project? With the coin!? The end?

I'm not one to call things out like this in public, but given the current state of things, especially following a lot of the discourse related to the falling out with core Bonk coin communities, I feel like I need to air some things out. It is not a single thing, but more a culmination of many things that compounded. Remember the USD1 slippage issues, especially with Axiom (and perhaps other trading platforms I was unaware of)? I got in contact with the Raydium/Bonk team and brought that up while simultaneously explaining how I stumbled upon it (developing BOMP). No response for two days, so I follow up. They get back and are looking into it, and they do identify some routing issues, particularly with axiom and USD1 pools. Awesome. Two more days go by. Nothing from them. I follow up again. "Hey was there ever any resolution with that?" I get a "yes." That's it. No update, nothing more. This isn't a small issue. I was consistently noticing anywhere from 5%-12% slippage needed through axiom. Over hundreds of millions of $ in volume over time...we are talking millions of dollars lost to slippage on USD1 pairs. Not even a 'thanks for bringing this to our attention' or acknowledgement. I was the one who had to follow up with them to see if anything was done about it, when this is something that helps THEIR users. Ok whatever. At least some of the routing stuff is resolved, hopefully this at least opens the door to talk more openly about some of the larger issues with launchpads and I can share my thoughts on how we can start shifting back to a more PvE mentality. I do a lot of lengthy explaining, going in depth on BOMP itself but also broader market dynamics, showing that I understand the nuances of this market and genuinely care about making it a better experience for user (but in a way that can still benefit launchpads). I get a few nothing responses after a few follow ups, and then eventually ask to speak to tom. Then crickets. A few days to a week later, I tag Tom in an X post to try and get his attention (not the first time). That same day I finally get a DM from Tom, "hey what's up". No more than 10 minutes go by and I respond, once again, speaking specifically to my goals with BOMP, but also broader launchpad issues and dynamics, and I just want to spark a discourse. A day goes by. I follow up. Nothing. 2 More days, follow up. Nothing. A week now, still no response. I know...big surprise that the folks who work on some of the most extractive on-chain products don't have users interests in mind, but it's clear to me at this point that despite the optics they try to present on X, most are either too out of touch to realize what is needed to change things, or they simply don't care. This isn't the first time I've reached out with good intentions and been met with complete lack of interest or flat out resistance. Many many months ago I even created a pitch deck outlining a full rework for creator fee structure and was basically told to fuck off. And although the bulk of my interactions have been with BonkFun related people, the same obviously goes for PumpFun and any other launchpad that exists. So what now? Building a launchpad from scratch, the right way, is very hard. I'm not talking about using raydium's launchlab or Meteora's DBC and slapping a frontend on it and calling it a new launchpad. The entire model and infra needs to be reworked. Incentives need to be aligned so that the same things that benefit the launchpad, benefit the users. I have some ambitious ideas for how that happens, but as a single person with other work, I do not have the time nor the money to take that on alone. So what I can do for now, is continue building on top of what exists, in hopes that it can move the needle in the right direction. I love the BOMP project as it is and I think even if it doesn't see full adoption as a launchpad peg 'wrapper,' it's a bold on-chain experiment and a statement in itself. But that being said, I've said since the beginning of this that I see it as a fluid project. I've been quiet but have actively been testing some things related to creator fees. I don't want to promise a timeline but just know that I'm still here iterating. It's a shame that in an attempt to get a message across I have to resort to calling things out publicly, but here we are. I'm still very open to talking to teams of either launchpad and I do believe there is a path forward, if the goal is to truly make the on-chain experience a better one (even if it means sacrificing short term profit for longevity). My DMs are always open.

Sorry for the delay on announcing what's happening with the subsidized launch submissions. There were about 7 submissions in total but none really stood out as unique or trying to push the boundary. Especially with the extreme market volatility the past week and less risk-on appetite, it didn't feel like a good time to force something I couldn't get behind. With that being said, I have been following the recent developments with clawd bots and interest in agentic "social media". I want to be careful about jumping on whatever the current shiny thing is, but I do think there is something interesting to be done here. Initial thought was creating some sort of bounty for the subsidized launch and allow submissions from actual autonomous agents. Still ironing out all the details but will have more on this soon.

Life could be so simple. (3,3)

Should have launched on BOMP ☯️

Reminder that there are less than 3 days left to submit a project proposal. I will be covering the 15 SOL required to bootstrap the 1:1 peg pool for one project. Project can be experimental, DeFi, meme, tech. Go to the site, scroll down to the bottom of the page and click “Get in touch.”

Hey @SolportTom would love to get in touch. Have tried many times via various connections at Raydium/Bonk but am met with resistance or flat out no response each time. I think I have a deep understanding of a lot of the pitfalls with the current launchpad design and what I've built would be a great starting point in fixing some of those. It would also be a great way to show commitment to supporting a PvE (win and help win) environment, at a time when there has been wavering trust/faith in the Bonk eco the past few days. DMs are open.

@BompMarkets They will see that bomp makes the most sense to end this pvp

The cool thing about BOMP is u dont need to worry that PvP will kill your coin while ur sleep.

The deadline for submissions for the subsidized launch through $BOMP will be end of day JAN 30th! Remember: - 15 SOL provided to seed the initial liquidity for peg - Deeper initial liquidity for your project - Exposure to Bonk/USD1 and Pump ecosystem simultaneously - Exposure to BOMP holders - Most importantly, supports PvE ethos

@_Shadow36 I think the true fuck the system coin gets launched on @BompMarkets So many layers to this tek that truly supports devs and traders, with it being in direct contrast to the half baked approach @bonk_inu and @Pumpfun have taken to address these issues plaguing us all $BOMP ☯️

@BompMarkets And then you realize buying either coin actually benefits both…

When you find 2 different CA for the same coin, but their charts look like this.

The thing that a lot of these multi-wallet bundlers and fee farmers don't understand is that they would actually make a lot more money in the long run if they helped foster a PvE environment. It's not hard to see the direct correlation between PvE runners and massively increased on-chain volume. But greed doesn't let them see past the desire for instant profit. $BOMP fixes this.

Seeing a lot of dispute/discussion about how creator fees are handled with CTOs and this kind of human bias and inconsistency is exactly what I was talking about here. Actively working on some initial designs for this in the background in addition to continuing to tweak the balancer/arb automation. As I've said before, I intend the $BOMP project to be very fluid so we're just trying things. Someone has to shake things up.

Pump (left). Bonk (right). Bomplo Picasso, The Peg, 1889. Oil on chart.

@CryptoHawk_BGD yes

@BompMarkets PVE(p) or PVE(b)? 😉

Me refining the $BOMP rebalancing system the past few days.