Elysium Machines — launch date is set.
Friday, Nov 6 · 15:00 UTC
4,444 machines, one token: $MACHINE (ERC-404).
— Hold 1 $MACHINE → a machine appears in your wallet
— Drop below 1 → it dissolves back into the pool
— Consecrate it → the token burns, the machine lights up and farms HYPE & tokenized stocks
— Lit machines share in the fees
3% fee on every $MACHINE trade.
5% fee on NFT.
Fair launch:
— No presale, no team allocation
— 100% of supply in one locked pool
— Everyone buys on the same curve
WL wallets gets priority access to the system.
WL closes in 24h: https://t.co/tE4vIIpOMx
Docs: https://t.co/1A0aJHdoFV
Systems check complete. See you at boot.
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1,000 $PAPER cost the largest farmer we traced $0.34.
Minting the same amount today by losing costs $27.9: 82x within a day of launch.
Good work by @blockworksres.
To us reads more clearly as the cost of the token, because these are ponzi economics: stakers are paid from the next entrant's losses, so the price depends on when you showed up.
1,000 PAPER, four prices:
- $27.90 today, by losing outright
- $10.00 at launch
- $3.91 today, hedged
- $0.34 for that farmer, net of rewards
Wallet
0x35b29bdd690f95fe35c9645f21866b04616295a7:
- In: $3,999,417 in three deposits on 9–10 Oct UTC ($2,996,000 from 0x2312B5480F7e3d1894eD046aF15B23186fF0F53c)
- Volume: $10.1B in identical clips
- Fifteen BTC longs closed in one second at −$2,406.95 each
- Trading PnL: −$979K; staking rewards claimed: $893K
- Out: $3,904,942 at 22:17 UTC Saturday, forwarded to 0x2312 at 22:36
- Kept: 252M staked PAPER (4.7% of supply) for a net $86K
22:17 is when payouts broke.
Trading opened 14:00 UTC. By 22:00, $23.9M of the $24.7M paid to stakers (97%) was already out.
Per 1,000 staked PAPER: $3.35 in the first full hour, then $0.014/hour. @Cbb0fe closed everything in the first two hours.
The wallet above traded slightly longer; however a 🇫🇷 flag on that wallet cannot be excluded.
We expected a fast first week/month in May. Wrong by more than an order of magnitude: it took hours.
For a new minter, only dilution remains. Each 1,000 new PAPER yields stakers ~$2. A hedged mint needs supply to grow 7.1x to break even; an outright loss needs light a candle to the ‘devs’.
Owners retains control after the podcast tour (@notthreadguy, @TaikiMaeda2, …). Raising the pool cap from $5M to $10M sends the next $5M of trader losses to the pool before stakers see a dollar.
Docs: “in principle the owner can do anything the implementation can be rewritten to do.”
Still the weekend; the LP has not faced a weekday trend.
What is sure is any liquidity $PAPER receives meets that supply of early farmers first.
Keep an eye on the timeline for a ‘how I farmed PAPER” victory article thanking @PacmanBlur for shutting down on the footnotes. 😂
Adding New Perp To My Farming List [ Research & Insights ] : @bulktrade
🔗 Link: https://t.co/A7EMUaBIZ5
Currently they are invite only so you'll need an access code & i already dropped some codes in the comments so use them ASAP if you're interested.
Now, why Bulk Trade?
1. Confirmed airdrop : team confirmed a 30% airdrop at TGE for points holders (liquid airdrop).
2. Solana Co Founder Toly is also an angel investor.
3. Till now no perp has done an airdrop on Solana & ofcourse they won't want to be left behind so things could go well here.
4. A response to the discrepancy : they refunded all losses even with 10% compensation. (Tbh this move impressed me a lot.)
5. Points maths is looking good:
• Airdrop allocation: 30%
• Total Points: 60M
• So even if they launch at $100-150M FDV (very conservative & bearish case) then 1 point = $0.50-$0.75
Although $100-150M is a worst case scenario. Many DeFi Sol projects have launched at $250-500M but I'm considering a very bearish case for points valuation.
& today I got around 1,800 points (worth $900-$1,350 in the most bearish case) with just $600K volume and burned around $80 in gas means almost 10x of fees👀
6. Most important : less crowd + low competition + early edge. Competition will keep increasing, currently there is only 5-10 pairs + week 3 is going on so we're super early with very little crowd.
7. already did $500M+ volume in just 2-3 weeks since launch.
--
Not saying it'll cook like Lighter or Variational but we can expect a decent cook from here because we're early and competition is low.
So worth collecting Aura points if you have funds left after farming other perps.
Tips:
• Fees are a bit high, so you can simply use limit orders (maker) since maker fees are 0.
• You can hedge it with any low fee perp (e.g. Lighter/RH).
• Points are distributed every Saturday.
Dropped some access code below so use it asap if you want to get started🫡
Applied to be a Founding Trader at @BungeeExchange
Wave 01 is a short list. After that you’re just reading about it
Sign up to see if you get in
https://t.co/Ig3q0LXuic
Bitcoin is on the move! 🚀
Up ~10-14% this week, reclaiming $86K+ after strong ETF inflows.
Bull market energy is back. Who’s still holding? #Bitcoin#BTC
@ergojessica Fun! Big fan of walking the Brooklyn bridge, and then taking the ferry to Fidi. Also the Panorama Room (bar) for a rooftop/skyline view. Close to LIC and a lot of the skyscraper high level things (Empire State/world trade etc) cost $50 w/ long lines