$WOLF is live.
$1,196,396 raised in 24 hours, at a single fixed price. Every buyer paid the same number: no allocation, no whitelist, no advantage to being early or being large
That worked because of a @Uniswap v4 hook: the entire supply sat in one tick, which is the narrowest price range the protocol can express, so the price could not move while the sale ran. Selling at IPO price burns the tokens and redeem $SPY at $0.01, instead of parking them, so exits shrink supply rather than stacking a wall at the floor
When the timer hit zero, one permissionless transaction (anyone could have sent it) destroyed 99.6 billion unsold tokens, minted 239.6 million of liquidity directly to the burn address, and booked the entire raise as a floor. Final supply: 359.4 million, decided by what people actually bought.
Anyone can sell back at the IPO price, with $1,196,396 in $SPY backing $WOLF IPO price. That floor is funded to the wei and it cannot be topped up or withdrawn by anyone, including us
https://t.co/MOQYR38E8a
How the $1,190,734 $SPY floor works, and how to use it
$1,190,743 sits in the contract as a redemption reserve: the entire raise, less the 1% fee. It buys $WOLF back at a fixed 77,997.8692 per SPY, which is about $0.00994 a token: the same price the IPO sold at. That number cannot move. It was written at launch and there is no function to change it
Two ways to reach it:
- On the site, hit REDEEM. It shows what you hold, what the floor pays, and what Uniswap would pay for the same tokens right now: and it tells you plainly when Uniswap is the better route
https://t.co/KCrplSfe4b
Or skip us entirely and hit the hook directly. It's a @Uniswap v4 pool: currency0 SPY, currency1 WOLF, fee 0, tickSpacing 1, hooks 0x5651EF38394797699F2BB017AC3CC6710b2A68E8.
Sell WOLF as an exact-input swap. Call quoteRedeem(amount) on the hook first and it returns exactly what you'll receive, there is no slippage, because the rate is fixed
Right now the market is paying 1.32× the floor, so selling on @Uniswap returns more
Redeeming burns the tokens. Supply falls, the reserve falls by the same value, and the backing behind everyone still holding is unchanged
$WOLF is live.
$1,196,396 raised in 24 hours, at a single fixed price. Every buyer paid the same number: no allocation, no whitelist, no advantage to being early or being large
That worked because of a @Uniswap v4 hook: the entire supply sat in one tick, which is the narrowest price range the protocol can express, so the price could not move while the sale ran. Selling at IPO price burns the tokens and redeem $SPY at $0.01, instead of parking them, so exits shrink supply rather than stacking a wall at the floor
When the timer hit zero, one permissionless transaction (anyone could have sent it) destroyed 99.6 billion unsold tokens, minted 239.6 million of liquidity directly to the burn address, and booked the entire raise as a floor. Final supply: 359.4 million, decided by what people actually bought.
Anyone can sell back at the IPO price, with $1,196,396 in $SPY backing $WOLF IPO price. That floor is funded to the wei and it cannot be topped up or withdrawn by anyone, including us
https://t.co/MOQYR38E8a
15 minutes left, $665,209 in the $WOLF IPO: what happens when the clock hits zero?
The sale stops itself: no button, no decision. Buying and selling both close automatically at the timestamp written into the contract when it was deployed
Then anyone sends one transaction, it's called launch(), it's permissionless, and it takes no arguments and no permission
That single transaction does four things and then the contract is finished forever:
- Every unsold token is destroyed, roughly 99.8 billion of the original 100 billion, gone. Final supply becomes 198.3 million, set by what people actually bought
- 132.2 million WOLF is placed as liquidity above the price and minted directly to the burn address
- $665,607 is booked as the floor, and it is what lets any buyer sell back at what they paid
- The contract or team keep nothing, its own balance goes to zero and stays there
Then the price moves for the first time, and the floor is live immediately: anyone can redeem $WOLF for $SPY from block one
15 minutes: https://t.co/MOQYR38E8a
1 hour 45 minutes left in the $WOLF IPO round ($459,325 raised)
Until the timer hits zero, everyone pays the same price: after it, the price is whatever the market makes it
The Wolf of Wall Street is coming onchain
https://t.co/uxDfyRQrxX
4 hours 19 minutes left in the $WOLF IPO round ($434,062 raised)
Until that timer hits zero, everyone pays the same price
When it hits zero, that ends and the market takes over and the price does whatever the market does
That is the opposite of how an IPO usually runs. Normally the price is set the night before by people in a room, the allocation goes to whoever the bank owes a favour, and the first-morning pop measures how much was handed to the people on the list
At close, one permissionless transaction (anyone can send it, there is no admin key) burns every unsold token, mints 2x WOLF of circulating supply to liquidity straight to the burn address where nobody can ever remove it, and books $429,721 as a floor
After that you can still sell back at what you paid. Doing so burns the tokens instead of leaving them stacked at the floor for the next person to buy through
4h 19m (https://t.co/MOQYR38E8a)
Every hand in that room is getting the same number
That has never once been true on this street, there was always a better price for somebody: the friend, the whale, the one who got in first
The Wolf of Wall Street onchain IPO holds $92,000 in, 9,000,000 $WOLF out
9 hours left (https://t.co/MOQYR38E8a)
He isn't pitching you, he's showing you the price
It's the same one he showed the last guy, and the same one he'll show the next
Ten hours in: ~$42,000 through the book, and the IPO price hasn't moved: $0.001
14 hours left
https://t.co/uxDfyRQrxX
The offering, in short:
One fixed price for the full 24 hours: 77,997.87 $WOLF per
SPY, about $0.01. No allocation, no whitelist, nothing to snipe. Buying and selling are both open the whole time: you are not locked in for a single minute of it
Every token is in the pool from the first block. No team wallet, nothing sitting somewhere waiting to be moved.
When the window closes, everything unsold is burned, and 100% of the $SPY raised becomes a permanent floor: you can always sell back at the price you paid, less the 1% fee. Selling into that floor burns the tokens rather than parking them in the LP
Priced in SPY, not dollars. The dollar figure moves with the S&P 500
0x215407c134f68b9da4de10c22c948196053a0d5d