What this account is:
$PACK contains a mint function called goBrrr() that lets the deployer mint ~1.53% of supply to their own wallet every 30 days. It's in the verified source.
We post every time it gets called.
Receipts: https://t.co/YTquXhGm4n
Before you LP $PACK for that 48% APR, read the contract.
goBrrr() mints 1.53% of supply every 30 days to the deployer. 4 calls done, 626,585,935 PACK printed in 4 months. ~20% annual inflation.
And the V2 farm pays you in PACK. The same token being printed.
Don't trust me. Verify in 60 seconds:
https://t.co/QoVSBQ45RL → PACK contract → Read Contract → BrrrCount() returns 4.
goBrrr() is right there in the verified source.
The mint isn't hidden. It's just not in the 48% APR Alex quoted.
Before you LP $PACK for that 48% APR, read the contract.
goBrrr() mints 1.53% of supply every 30 days to the deployer. 4 calls done, 626,585,935 PACK printed in 4 months. ~20% annual inflation.
And the V2 farm pays you in PACK. The same token being printed.
For vivid DeFI users, $PACK offers 3 ways to earn while providing liquidity on @VVS_finance
V3 - 1% fee - 48% APR
V2 - LP Farm - currently 35% APR
V3 - 0.3% - (2.5% is wrong, it's still around 30-40% APR)
I'm wondering if it would be helpful to start making some V3 educational-related posts.
Pushing more towards that in the future
And the V3 pools pay in fees: CRO + PACK. So half your V3 reward is also the diluting token.
Meanwhile your LP position holds PACK. Every 30 days it's worth 1.53% less by contract.
Real yield = APR − 20% dilution − impermanent loss − gas. 48% becomes ~20%.
Sit with that.
The V2 farm is their biggest pool. It pays rewards in PACK.
You are paid in the token the deployer mints 1.53% more of every 30 days. The "yield" and the dilution come from the same supply.
That's not yield. It's printed and handed back to you.
Token scanners check for mint(). $PACK uses goBrrr().
Same opcode, same internal _mint() call, same dilution to a single wallet, different function name.
Result: @GoPlusSecurity and @dexscreener both green-flag it.
Bytecode analysis exists. Why are we still pattern-matching names?
https://t.co/4w0AEjDsAM
What "better" should look like:
Bytecode-level detection of any function calling _mint() or equivalent
Flag any function that increases totalSupply, regardless of name
Surface mint recipient is it msg.sender, owner, or anyone?
Annual inflation rate if mint is rate-limited
Names should never be the signal.
Post 4/4
One wallet verified in detail: 0x3FEA182F0f52d258bA093EacC6288deeC04791d2
958 swap transactions in 48 days.
Received 8.87M PACK from the project.
Currently holds 5.12M PACK.
Net sold to the DEX: 3.74M PACK (~42% of received).
Selling outpaces buying. Across 8+ wallets. By design.
Post 1/4
A question $PACK holders deserve an answer to:
Where do the goBrrr() tokens go?
The mint function prints 1.53% of supply to the deployer every 30 days. 626,585,935 PACK self-minted in 4 months.
I followed the chain. Here's what the receipts show 🧵
Post 3/4
Step 3: Ops wallet distributes to a network of wallets in coordinated batches.
8 wallets each received 7,500,000 PACK in a single 1-minute window on May 15.
Same 8 received 1,372,318 PACK each on May 4.
Funded by the ops wallet. Created weeks ago. No human behind them.
@axldefi Yes! please publish USD values. Including a column for "USD minted via goBrrr() during the same period."
Buybacks: episodic, manual, optional.
goBrrr: automatic, scheduled, 1.53%/month forever.
Holders deserve to see both lines on the same chart.
Post 5/5
Every hyperinflation started as "small, controlled" inflation that someone with the keys decided to accelerate.
Every dead currency had a mint function and a story for why it was responsible.
Fixed supply isn't an aesthetic. It's the only credible promise.
Post 1/5
Every currency in history that could be minted by its issuer has eventually been minted to death.
The US dollar. The Argentine peso. The Venezuelan bolívar. The Zimbabwean dollar. The Weimar mark.
Different scales. Same mechanism: someone got to decide when to print.
Post 4/5
#crofam A token with a mint function is a fiat currency with one wallet as the central bank.
20% annual inflation sounds modest. It's 6x the USD's long-run rate.
Hold for 5 years: -67% of your % ownership. Hold for 10 years: -84%.
You don't get hyperinflated. You get USD'd. Quietly.