🧵 NFTStrategy Hook Post-Mortem and how a small router detail broke a 95% buy tax
When the @token_works GobStrategy pool using NFTStrategyHook.sol went live, some traders managed to grab huge token allocations (like 50M $GOBSTR) while paying far less tax than intended.
I went through the contracts, txs, and router behavior to understand how. 👇
Did the NFTStrategy meta just end?
Here's what happened:
> Checks launch delayed, Max Pain announced instead
> Floor pumps to 1.5eth
> Token launches with a new 99% tax, slows token buy pressure
> Traders don't know about the +0.1eth/minute buy limit on the NFTs, undercut fiesta
> Buy limit meets floor price, 160eth one clipped into the floor. Anyone listed below 1.58eth sells
> No eth left in the treasury, floor drops from 1.6eth to 0.7eth in seconds
What's happening now:
> PainStrategy now the largest Max Pain holder (185+)
> PunkStrategy down 65% from ATH 2 days ago
> All NFTStrategy coins dumping
> Many took losses buying the top of Goblins/Max Pain
> Checks, GVC and Milady slightly down (Still hope?)
Changes I'd like to see:
> The 5 - 10 minute time delays are hurting the token and NFTs. Revert the 99% tax to 95%. Make the buy limit on NFTs move by 25 - 30% of the floor, not <10%.
> Once there's no eth in the treasury, the floor goes to zero, so one clipping into the NFTs creates a pump and dump. Limit how many NFTs can be bought per minute, extending buy pressure, while allowing the treasury to accumulate more fees as they go.
> I heard there's another exploit on Goblintown. Haven't checked if it's true, but if it is, it's the 5th bug? No idea who their devs are, but it sounds like they need a new one.
> Comms suck. Announce changes in advance, make the buy limit and tax structure clear, and avoid last second changes at all costs.
@tHaCrYpToNiNjA @addicteddotfun i believe it is becoming a scam way faster than it should be. they are pushing for season 2 but not even fixing simple bugs. They will surely fix it after the %50 deal is gone :)
@pndmdotorg Bro first fix the booster pack error. we all are loosing time and project loosing burn opportunities. I would have opened 10 packs yesterday if any of the contract was successful.