Vault Deflation is a term we coined for the mechanic behind WrappedBulls: every bull minted locks 1,000,000 tokens inside an onchain vault and pulls it out of circulation, so the simple act of wrapping tightens supply instead of inflating it.
And that vault is not just locked, it is backing: every bull carries 1,000,000 tokens of redeemable liquidity inside it, giving each NFT a hard floor it can always be unwrapped for and can never trade below.
It is the first of its kind on pump, where minting NFTs normally dilutes a token, here every wrap is a deflationary event that also mints a fully token backed asset, and the rarer the herd grows, the scarcer $WBULL becomes. ๐
Join the herd CA: gAhvUSC7XamFqt6gr1JwHU2tEZFYQMEQYEsyKBSpump
Website: https://t.co/WEnLzWDXQF
Alright this is cool, successfully wrapped some bulls and now you can too on our website https://t.co/uEPZIMxTGB
It takes about a minute because the art is generated on solana blocks right now just 1 at a time. Give it a shot and post your bulls !!!
Also doing some website updates while you test the wraps.
Successful start, today we we did the first hybrid token + NFT layer ever shipped on a pump Token2022 coin!
So far 57 bulls wrapped, 34 live right now, with 34,000,000 $WBULL (3.4% of the 1B supply) locked in onchain vaults that follow each NFT through every secondary trade.
Permissionless wrap and unwrap, fully Metaplex verified collection. First of it's kind. ๐
Pump fun ships clean Token2022 mints with no NFT primitive attached. The mechanic on Solana is SPL404, which binds a fungible token to a NFT through Token2022 transfer hooks that pump launches do not expose. Wrapped bulls is the missing primitive.
CA: gAhvUSC7XamFqt6gr1JwHU2tEZFYQMEQYEsyKBSpump
https://t.co/XNW3ijBn0P
https://t.co/DEYJjnqtCj
I'm in a secure genny wealth + forget where you came from + resignmogging + become completely out of touch with the average lifestyle + switch up on my employer type of mood