$RISK airdrop sent to the top 25 $ELA holders.
This is also what RiskLAB NFTs are for: rewarding our supporters and helping us build our future projects.
https://t.co/VjvIvdGUzT
To the $ELA community: development on ELA continues.
FundByHook and $RISK give us a new way to fund the lab and keep building, supporting and promoting our projects: including ELA.
We’ve just taken a snapshot of ELA holders. The 25 largest holders will each receive 1 RISK token, paired with 1 RiskLAB NFT.
25 tokens, 25 pieces, to recognize your support.
Our goal for ELA remains the same as for every Risk Labs project: a fully autonomous DeFi product that can operate without ongoing intervention from the team.
We keep building toward that goal.
Introducing FundByHook. A new way to support projects.
No round to close. No deadline. No fundraising target.
Building doesn’t stop when a funding round ends. We think funding should be able to keep going too.
FundByHook is an incubator where each project gets its own token and a funding pool that stays open. People can back a project as it develops. The team draws from the pool over time to fund its work.
The first fund is $RISK, the official token of FundByHook and Risk Labs, our studio. It comes with RiskLAB:500 generative compositions drawn onchain.
CA: 0xbF0347cB1347B58e11Cd2Ba60854E0DD60d5F12F
Here is how it works.
FUNDING THAT STAYS OPEN
A conventional raise has a finish line: a date, a target, a round to close. The work that follows rarely fits that calendar.
On FundByHook, each pool runs through a Uniswap v4 hook. The hook controls a single liquidity position. External liquidity providers cannot add to it or pull liquidity out.
You back a project by buying its token. You can sell through the same pool, subject to its available liquidity and the sell tax.
The team receives funding in three ways:
→ 1% on buys, paid to the team
→ 10% of the ETH paid out by sells, paid to the team
→ A manual draw of 1% of the pool’s current ETH reserve, available at most once every seven days
The draw does not accumulate. Waiting three weeks does not unlock three withdrawals. The team must trigger it, and each draw starts a new seven-day wait.
Tokens remain in the pool. ETH leaves to fund the work. Each draw lowers the pool price slightly.
After launch, the fund contracts have no admin setters, pause or upgrade functions. Only the team can trigger the draw. The funding rules stay fixed.
Contracts by @tzv and @RISKFDN.
FUND 1: $RISK
$RISK has a fixed supply of 500 tokens.
400 seed the pool. It starts with no ETH: buyers bring it in. Buys move the price up; sells move it down.
The remaining 100 $RISK are allocated to Risk Labs to reward people who help move our projects forward. The first 5 go out this week to people who helped move ELA forward.
Those 100 tokens are not locked by code. We are responsible for how they are used.
$RISK also has a visual form. RiskLAB is a collection of 500 generative compositions built from frames, cells and nodes. Both the images and their metadata are generated onchain.
ONE TOKEN. ONE PIECE.
With NFT mirroring enabled, each whole $RISK in your wallet corresponds to one RiskLAB piece, an ERC-721.
12.93 $RISK = 12 pieces + a 0.93-token fraction.
Transfer a piece and one whole $RISK moves with it. Sell 1 $RISK from that balance and you are left with 11 pieces and 0.93 $RISK. One piece is burned; its ID can later be reissued.
Your tokens and pieces are two representations of the same holding. NFT mirroring is enabled by default for ordinary wallets, and holders can change their own setting.
THE PLATFORM TOKEN
$RISK is the official token of FundByHook. Each fund launched on the platform will have its own token; $RISK remains the token of the platform and Risk Labs.
It is also how we want holders to participate in what Risk Labs builds next.
Our commitment: every future Risk Labs project will share a portion of its fees with $RISK holders.
That commitment comes from the lab. It is not enforced by the $RISK contracts. The percentage, timing, eligibility and distribution mechanism are still to be defined. There is no fee-sharing mechanism live in these contracts today.
On $RISK itself, all buy fees, sell taxes and team draws go to the team.
THE DOOR
For the first 10 blocks after the pool is seeded, buying is restricted to enlisted wallets.
There is a door hidden in a site that was live long before the contract.
That is all we will say.
WHAT COMES NEXT
$RISK is Fund 1. The next funds will come from ideas worth building, whether they come from Risk Labs or anyone else. Eventually, anyone will be able to launch a fund on FundByHook.
Today, only the lab can launch. Permissionless launches are not live yet.
For the lab, two rules apply:
01 / Each project must run autonomously before we start the next.
02 / Nothing launches without a good idea.
$RISK remains the platform and studio token as those projects take shape.
That is the experiment:
Can funding stay open as long as the building does?
Risk Labs starts with $RISK. What we build next has to earn your continued support.
FundByHook is open now: https://t.co/0fAWgDaA76
Explore RiskLAB on FundByHook: https://t.co/nGrKj9MlVR
Back the ones you believe in.
This kind of crowdfunding could revolutionize how builders get funded. Originally inspired by @token_works work, we've shaped it into a more open model that still puts builders first as they develop their projects.
RISK is the Risk Labs token. We launched it through FundByHook, a new experiment, a funding model built by @tzv so teams can fund their projects through a pool that stays open.
For us, the point is to give Risk Labs more resources to keep building. That includes $ELA. We want to spend more time developing it, getting it in front of more people, and supporting the community that’s been helping it grow.
We also want RISK holders to benefit from what the lab builds next. A portion of the fees from future Risk Labs projects will be shared with them. We haven’t finalized the terms or how distribution will work yet, so I want to be clear: this is a commitment from us, not something the contracts do automatically.
We’ve set aside 100 RISK, or 20% of the supply, for people who contribute to our projects, past and future.
The first distribution starts this week with people who’ve been helping spread the word about ELA.
That’s the idea: give us more room to build, and give something back to the people helping us along the way.
A new ELA update is planned this week.
Introducing FundByHook. A new way to support projects.
No round to close. No deadline. No fundraising target.
Building doesn’t stop when a funding round ends. We think funding should be able to keep going too.
FundByHook is an incubator where each project gets its own token and a funding pool that stays open. People can back a project as it develops. The team draws from the pool over time to fund its work.
The first fund is $RISK, the official token of FundByHook and Risk Labs, our studio. It comes with RiskLAB:500 generative compositions drawn onchain.
CA: 0xbF0347cB1347B58e11Cd2Ba60854E0DD60d5F12F
Here is how it works.
FUNDING THAT STAYS OPEN
A conventional raise has a finish line: a date, a target, a round to close. The work that follows rarely fits that calendar.
On FundByHook, each pool runs through a Uniswap v4 hook. The hook controls a single liquidity position. External liquidity providers cannot add to it or pull liquidity out.
You back a project by buying its token. You can sell through the same pool, subject to its available liquidity and the sell tax.
The team receives funding in three ways:
→ 1% on buys, paid to the team
→ 10% of the ETH paid out by sells, paid to the team
→ A manual draw of 1% of the pool’s current ETH reserve, available at most once every seven days
The draw does not accumulate. Waiting three weeks does not unlock three withdrawals. The team must trigger it, and each draw starts a new seven-day wait.
Tokens remain in the pool. ETH leaves to fund the work. Each draw lowers the pool price slightly.
After launch, the fund contracts have no admin setters, pause or upgrade functions. Only the team can trigger the draw. The funding rules stay fixed.
Contracts by @tzv and @RISKFDN.
FUND 1: $RISK
$RISK has a fixed supply of 500 tokens.
400 seed the pool. It starts with no ETH: buyers bring it in. Buys move the price up; sells move it down.
The remaining 100 $RISK are allocated to Risk Labs to reward people who help move our projects forward. The first 5 go out this week to people who helped move ELA forward.
Those 100 tokens are not locked by code. We are responsible for how they are used.
$RISK also has a visual form. RiskLAB is a collection of 500 generative compositions built from frames, cells and nodes. Both the images and their metadata are generated onchain.
ONE TOKEN. ONE PIECE.
With NFT mirroring enabled, each whole $RISK in your wallet corresponds to one RiskLAB piece, an ERC-721.
12.93 $RISK = 12 pieces + a 0.93-token fraction.
Transfer a piece and one whole $RISK moves with it. Sell 1 $RISK from that balance and you are left with 11 pieces and 0.93 $RISK. One piece is burned; its ID can later be reissued.
Your tokens and pieces are two representations of the same holding. NFT mirroring is enabled by default for ordinary wallets, and holders can change their own setting.
THE PLATFORM TOKEN
$RISK is the official token of FundByHook. Each fund launched on the platform will have its own token; $RISK remains the token of the platform and Risk Labs.
It is also how we want holders to participate in what Risk Labs builds next.
Our commitment: every future Risk Labs project will share a portion of its fees with $RISK holders.
That commitment comes from the lab. It is not enforced by the $RISK contracts. The percentage, timing, eligibility and distribution mechanism are still to be defined. There is no fee-sharing mechanism live in these contracts today.
On $RISK itself, all buy fees, sell taxes and team draws go to the team.
THE DOOR
For the first 10 blocks after the pool is seeded, buying is restricted to enlisted wallets.
There is a door hidden in a site that was live long before the contract.
That is all we will say.
WHAT COMES NEXT
$RISK is Fund 1. The next funds will come from ideas worth building, whether they come from Risk Labs or anyone else. Eventually, anyone will be able to launch a fund on FundByHook.
Today, only the lab can launch. Permissionless launches are not live yet.
For the lab, two rules apply:
01 / Each project must run autonomously before we start the next.
02 / Nothing launches without a good idea.
$RISK remains the platform and studio token as those projects take shape.
That is the experiment:
Can funding stay open as long as the building does?
Risk Labs starts with $RISK. What we build next has to earn your continued support.
FundByHook is open now: https://t.co/0fAWgDaA76
Explore RiskLAB on FundByHook: https://t.co/nGrKj9MlVR
Back the ones you believe in.
ELA major update: BUILDER CODES and RELAY.
A step toward a fully permissionless launchpad: anyone can now build their own front on ELA.
ELA is fixed-leverage tokens anyone can launch, on Ethereum and Robinhood Chain.
Now anyone can also build a launchpad on ELA.
BUILDER CODES
→ Register a code once.
→ Pairs launched through your code share part of the creator lane with you.
→ Traders pay nothing extra.
→ On Ethereum, the protocol lane keeps feeding the ELA burner.
→ The Builder fees tab shows your code's terms and your pot per asset, with a Withdraw button.
RELAY is the first official builder code, and the front built around it.
→ Explore: token cards, search, and filters for All pairs, On the pool, Bonding curve and Stocks. Tokens launched through the code are tagged "via RELAY".
→ Create: a name, a ticker, one button. The token address, its icon and the fee split (creator, RELAY builder, retention, protocol) show up before you sign.
→ Build yours: register your own code.
TWO INTERFACES, SAME MARKETS
https://t.co/30lBSjpr5U now has two ways in: ELA, the terminal, and RELAY, the explorer. Pick one on your first visit and switch anytime.
WHAT STAYS THE SAME
Existing tokens keep their creator and their fees. RELAY only takes a share on tokens created through its code, and shows that share before you sign.
https://t.co/dzyWJEX2vB
ALTS showing strength | Opportunities on RHC | Spotting trends early
Today on MCG (times in est)
- 12:30PM w/ @tzv and @0xWasa from @RiskFDN
- 1:00PM w/ @ember_arlynx Founder @DreggNet
Follow us: https://t.co/2h5dRfuw2I
I’ll be at MCG in two days for a session on ELA and RiskLabs. I will talk about my vision for scaling things up and providing some context on what we’re building with @tzv.
See you there!
We are pleased to announce that we will be on @MCGlive this Thursday to answer questions about ELA and our vision for the future of RiskFDN.
See you Thursday!
ELA is now live on Base.
Same launchpad, third network. Create a pair in one transaction, pick 2x or 3x, raise on a bonding curve, migrate into a leveraged pair.
Leverage locked at creation, loop on Aave, no margin to post.
https://t.co/0ZYHbvsobO
ELA: the flywheel update.
Starting now, the protocol lane of every pair fee has one use: buying ELA on its own pool and burning it. One contract on Ethereum, no owner, no setting, no way out but the burn.
Anyone can call drop(): 10 to 40% of the pot, never more than 0.5% of the pair's ETH reserve, burned in the same transaction, the next drop 50 to 300 blocks later. The size is capped, not secret.
Every network ELA supports from here on ships with the burner built in.
The pot fills as pairs trade. Watch it on https://t.co/30lBSjpr5U.
Docs: https://t.co/YzR9OWnU94, section 07
Stocks on the launchpad. With leveraged. Robinhood Chain.
A pair can now be quoted in a tokenized stock instead of ETH: AAPL, SPY, NVDA, TSLA. The token tracks the stock up to 2x, set by the market it borrows from.
Time to be creative.
https://t.co/0ZYHbvsobO
ELA UI minor update.
Less guessing on every page: explorer states, one migration block, a real vault panel, deployers can link their socials and logos, LoopLoop limits with a reason line, exits that explain themselves.
Before → now, in the video.
https://t.co/0ZYHbvsobO
RiskLabs has just completed its first project support purchase on Robinhood using 0.4 ETH from fees.
These tokens have now been burnt and are out of circulation.
Link: https://t.co/QWCZVJDFob