We’ve identified a security incident that involved unauthorized access to certain internal Vercel systems, impacting a limited subset of customers. Please see our security bulletin:
https://t.co/0S939n3qHC
Our Q1 Aave Finance Report is out 👻
A quarterly snapshot of @aave's financial performance.
▪️ $33.8M in protocol revenue
▪️ $44B in user deposits
▪️ $405M $GHO in circulation
▪️ ~80.7K $AAVE bought back
▪️ 186K active users
Full breakdown in the 🧵↓
Introducing NFTStrategy: A Perpetual Machine for every NFT collection
PunkStrategy started as an art project, and turned into a whole new token meta. It was bound to be forked, and we felt like we should create a way to launch your own while still being permissionless and safe for buyers. We also wanted to make sure each one strengthened $PNKSTR, and also gave value back to project creators/artists that have slowly been cut out of royalties.
How it works:
- Every ERC721 NFT collection can have a single NFTStrategy token deployed for it (1 to 1)
- Fees pool up from trades, buy NFTs for that collection, and relist them at 1.2x
- When the NFT sells, all of the ETH is used to buy and burn that NFTStrategy token.
- This continues, forever.
Fee Breakdown:
- Right now $PNKSTR has a 10% trading fee, with 8% going to the NFT accumulation pool, 1% to TokenWorks supporters, and 1% to the TokenWorks team.
- NFTStrategy tokens will have a slightly different fee structure. Each will still have a 10% fee, with 8% going to the NFT accumulation pool. 1% will go to the collection owner as royalties, and 1% will be used to buy and burn $PNKSTR
How To Launch:
- There will be 3 launch phases. First, 5 NFTStrategy tokens will launched by the TokenWorks team on Day 1: $APESTR (Bored Apes), $PUDGYSTR (Pudgy Penguins) $DICKSTR (Dickbutts) $BIRBSTR (Moonbirds), $MEEBSTR (Meebits).
- Later, deployments will open up to any owner of an NFT collection. Finally, deployments will be open for anyone for a fee.
Fair Launch:
- Each token will launch at a starting marketcap of $50k, with all of the tokens added to the initial LP.
- For public launches, the deployer will also get 1% of the token included in the deploy fee.
- To deter snipers, buy fees will start at *95%* and decrease by 1% each minute, eventually resting at 10%.
All announcements will come only from the official @token_works account, and time will be announced in advance. Goal is to launch tomorrow, Sept 18th. Avoid scams and stay vigilant.
There's been a lot of buzz about people wanting to fork PunkStrategy for various NFT projects.
We think we can do it better, while also accruing value to back to the $PNKSTR token.
The NFTStrategy™ platform will be released in the coming days.
In 18 months
FP devs bought back ~7% of circulating supply using generated fees
while organic protocol usage burned 25% of total supply - all without incentives!
Coming soon: frenpet(dot)ai offering up to 500% APR.
We are ready to scale the FP protocol to new heights🚀
Introducing Acre, a Bitcoin-in, Bitcoin-out staking experience with a liquid-staked BTC token to give your Bitcoin the greatest flexibility possible.
Bitcoin staking done right.
A thread on @frenpetonbase tokenomics & gameplay
TL;DR:
Play game to get points
More points = more ETH rewards
pGOLD (onchain points) can only go up in value
Sell pGOLD -> FP -> ETH
Pets are free to mint
Make money playing a fully onchain tamagotchi game, powered by @base