What are the new gameplay of DeFi mining, on-chain 'spinning,' and Solana Meme in the second half?

In the second half of the meme track, in addition to pvp on Sol, stuffing on Base Virtual, the meme gameplay has also been updated, and there are more and more tricks. Repump began to recycle "garbage" memecoin, and Farmer meme attracted users to build pools with high APR. The funds of the meme track gradually overflowed into the services and narratives surrounding the main line of meme.

Farmer meme: 50 times MemeFi in 3 days

On November 30th, blogger LSP earned 50 times the profit in 3 days through the KACY/SOL pool. He earned fees from the KACY and SOL pool and reinvested the earned transaction fees (30 SOL and KACY worth 50 SOL) into a 'rollover' after 12 hours. Despite the final FDV of KACY dropping to 20 M, he still achieved higher returns than simply holding the coins.

Although some memecoins are very easy to drop to zero, as long as the volume is large enough, LPs can still make substantial profits through fees. The better way for Farmer Meme to enter is still to form LP with higher APR. Farmer Meme adopts CLMM (Concentrated Liquidity Market Making) instead of AMM, where Liquidity Providers (LPs) specify the price range for their liquidity to be used for trading, and users need to manually set the range. If the price range is not adjusted in time, it will result in significant Impermanent Loss.

However, it is worth noting that a portion of the final rewards are distributed in the form of governance token, Token$BRRR. $BRRR is the governance token of MEME Farmer, which allows users to participate in decision-making and ecosystem activities. The token can be obtained through LP Farming, stake, and community contributions. In addition, a 10% fee will be charged for the harvest earnings (all tokens in LP will be converted to SOL). 50% of the profits will be used to repurchase $BRRR and send it to the treasury Address.

In the early days, the reason why APR was high was largely due to the increase in $BRRR, so there would be some selling pressure after 'mining and withdrawing'. Although $BRRR has a buyback plan later, unfortunately $BRRR has started to go 'Christmas tree' now.

At the same time, it should be noted that the project has not passed the contract audit at present, and there are certain security risks.

Repump: On-chain 'Turn Turn' Launch

With the outbreak of on-chain issuance assets brought by Pump.fun, although memecoin has ushered in a significant boom, the golden dog that can run out is still one in a million. Instead, after the feast, people realized that there were excess memecoins left in the market, and even the research-oriented P juniors would self-deprecatingly call it "picking up garbage".

The design of Repump's product is identical to that of '转转'. Due to the excessive issuance of assets, many idle tokens cannot be circulated and utilized. Repump can activate the liquidity of shit memecoins. Users can send their surplus memecoins to Repump's contract for destruction. After destruction, users can obtain corresponding destruction points, which can be used to exchange for the new token 'Super Monster'.

It is worth noting that the points obtained from destruction are only related to the value of the destroyed Token, not the quantity of the destroyed Token. It is also related to the total value in the destruction pool. The 'Super Monster' received by the user will be calculated based on the value of the user's personal destruction divided by the total value in the destruction pool.

According to the official Twitter of Repump, more than 700 players burned over 3,000 memecoins in just 3 hours in the second phase, with a total value exceeding 1.22 billion US dollars.

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 burn. It is worth noting that points rewards can only be claimed after the Burn ends.

The platform Token Goose of Repump has also started the main uptrend, steadily rising since its launch, following the path of 'higher high, lower low.' Currently, the Market Cap is stable at around 10 million US dollars, with volume fluctuating around 800,000. The platform Token Goose will also be empowered in the future.

The market has voted with its feet for the prevailing narrative of this 'meme super cycle', although there are still many voices of fear, uncertainty and doubt about these projects, but as the memecoin cools down, these new ways of playing in the meme track can also be considered a new 'turn for the better'.

*This article does not involve any investment advice. The above-mentioned projects are still in the early stages, please pay attention to the safety risks of investment.