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This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-06-04 07:29:13 UTC
Verified By
Rollup News
The author criticizes Pumpfun's $1B token sale, arguing it's a fee extraction scheme with no user ownership or redistribution. They introduce Glyde, a protocol aiming to end extraction with a 0% fee model, locked TVL, and transparent revenue redistribution, starting with a DEX.
Pumpfun's $1B token sale is a fee extraction scheme.
Onchain markets are built to extract from users.
Glyde offers a 0% fee model and transparent revenue redistribution.
Glyde aims to shift infrastructure to equity and make users owners.
High slippage on DEXs (10-15%).
1-2%+ house fees baked into every flow.
Lack of transparency in revenue distribution.
Extractive fee models in DEXs, MM platforms, and launchpads.