In the wild world of Solana meme coins, Fartcoin has been making waves since its launch in October 2024. This cheeky token, inspired by internet fart jokes and complete with humorous on-chain effects like fart sounds on transactions, skyrocketed to a $1 billion market cap and even caught the attention of mainstream media like The Late Show with Stephen Colbert. Now, it's farting its way into DeFi innovation, thanks to a recent experiment highlighted by HawkFi co-founder Bradydon.
Bradydon, who goes by @bradydonut on X, shared a tweet showcasing how their LP Terminal is loaded up with Fartcoin to test high-frequency liquidity strategies. For those new to the term, liquidity providing (LP) involves supplying assets to a pool on decentralized exchanges, earning fees from trades in return. High-frequency liquidity amps this up by rapidly adjusting positions to capture the best yields, kind of like day trading but for DeFi pools.
The tweet reads: "LP Terminal is filled with FARTCOIN, to experiment on HIGH FREQUENCY LIQUIDITY and find you alpha✨ 🥵We quant 24/7, & simplify smart LP strategies for you at hawkfi.gitbook.io/whitepaper/hawkfi-cook-book."
Accompanying the post is a screenshot of balances in the terminal, showing various USD equivalents tied to Fartcoin positions.
HawkFi, a Solana-based platform for smart liquidity providers, automates LP strategies across pools like those on Meteora, Orca, and Raydium. Their goal? To make advanced quant tactics accessible without the need for constant monitoring. By using Fartcoin—a highly volatile meme coin known for its community-driven hype and massive trading volumes—they're putting these tools to the test in a real, high-stakes environment.
A reply from user @chiftine1 asked, "Why usdc pool?" Bradydon explained: "They had the highest daily yield (24h fee / TVL) during entry. Fyi www.hawkfi.ag homepage is shipping intraday screener soon, sorting pools by top fee generation in smaller timeframes."
This highlights a key DeFi strategy: choosing pools based on yield metrics like fees divided by total value locked (TVL). Fartcoin's USDC pair stood out because of its buzzing activity, driven by the meme coin's popularity. With Fartcoin trading at around $0.92 USD as of now (per CoinMarketCap), and boasting daily volumes over $180 million, it's no wonder the yields are attractive.
For meme coin enthusiasts, this experiment shows how tokens like Fartcoin aren't just for laughs or quick flips—they can play a role in sophisticated DeFi plays. HawkFi's upcoming intraday screener could be a game-changer, letting users spot hot pools in real-time and automate entries for better returns.
If you're into Solana memes or looking to level up your LP game, keep an eye on Fartcoin and HawkFi. Who knew a fart-themed coin could smell like opportunity in the blockchain space? Dive into the full thread here and check out HawkFi's cookbook for more tips on smart yielding.