Original article by @Web3_Mario
This week I discovered a very interesting project called Clanker. Simply put, a farcaster user can automatically create a custom MEME coin on Base and create an initial trading pool on Uniswap V3 by interacting with this account through text. So I spent some time to carefully look at the technical details of Clanker, and I have some experience to share with you.
What is Clanker?
First, let me briefly introduce what Clanker is. Clanker is an autonomous agent based on the Base blockchain. Its core function is to help users deploy ERC-20 standard tokens. Users only need to tag @clanker on the social platform Farcaster and provide relevant token information (such as name, code, and image), and Clanker will complete the creation of tokens, liquidity pool settings, and liquidity locks. The entire process does not require users to have complex technical knowledge.
This simplified token deployment mechanism not only allows blockchain enthusiasts to quickly try to create and operate tokens, but also promotes a wider user group to enter the field of cryptocurrency. Its main advantages are reflected in the following three aspects:
Lower technical barriers: Anyone can easily create tokens without programming or smart contract knowledge.
Promoting the development of the decentralized economy: By binding tokens to Uniswap liquidity pools, Clanker helps drive the continued growth of the DeFi ecosystem.
Incentivize community participation: Requesters benefit directly from transaction fee revenue, forming an incentive closed loop.
The entire Clanker usage process is also very simple, mainly divided into three steps:
1. Meet account requirements: Users need to have a Farcaster account, and the accounts Neynar user score needs to be high, indicating that the user has a good history of behavior.
2. Submit a request: Post a Cast on Farcaster, tag @clanker and provide the following information: Token name, Token code (such as TKN), optional image or GIF
3. Deployment feedback: Clanker will respond in three ways depending on the request status:
Confirms successful deployment and provides a link to the token page.
Request further clarification on token information.
If the request does not meet the conditions (such as the score is too low, the number of deployments exceeds the limit, etc.), the deployment is rejected.
So what exactly happened on the Clanker side?
Next, lets briefly explain the technical implementation of Clanker. This project does not have too many technical difficulties. Generally speaking, it involves two parts. Use Anthropic (AI side) to respond to your creation needs until the Clanker backend can obtain enough executable parameter settings. Next, you only need to automatically call the smart contract to create tokens for you, as well as subsequent on-chain operations. Of course, after the creation is successful, basic information will also be presented in its simple front-end interface.
First, let’s introduce Anthropic. The Anthropic team is composed of scientists and engineers from OpenAI, DeepMind and other top AI institutions. Its most famous product is its Claude series of large language models. The Claude series of models are known for the following features:
Strong conversational skills: Able to interact with users fluently in a multilingual environment.
Safety enhancements: Prioritize ethical and safety issues in user input to minimize the generation of harmful or inaccurate content.
High flexibility: Suitable for multiple application scenarios, including content creation, data analysis, code generation, etc.
As for Clanker, its conversational AI function is mainly used to act as a customer service staff and communicate with you through Cast to guide you to provide all necessary information, such as token name, symbol and logo.
Once this information is obtained, the work becomes simple, and only a simple backend load is required. First, the backend will create a liquidity pool for the token in Uniswap V3 of the Base chain, with an initial market value of approximately US$30,000. Let me explain a little more here. Since the V3 paradigm is used, you only need to place all created tokens above the initial price to provide one-way liquidity. In Clanker, you will be able to generate a liquidity pool with a handling fee of 1% for your token and ETH, and all tokens will be provided in a distribution from the initial price to positive infinity, and the corresponding LP NFT will be locked. According to the current rules, the lock-up period will last until 2100. All handling fees generated in the process will be extracted by the protocol and distributed according to the following rules.
60% is owned by the Clanker Protocol and is used to support the operation of the platform.
40% is allocated to the creators of the MEME token as an incentive for token deployment and community support.
In general, this seems to be a very interesting app. It makes good use of conversational AI to further lower the threshold for issuing MEME. Interested friends can try it. Each user is allowed to create at most once a day. Of course, the essence of MEME is still the traffic value. Only when this problem is solved, the MEME you issue will be valuable. For the platform, if the wealth effect can be maintained continuously, I believe that the community power will provide a wealth of tools to further optimize the user experience.
