Gyggy.eth

Lawyering and Such

[Matt @enparadice]

As I understand it the SOL NFT flywheel is supposed to work like this: trading fees buy NFTs which get listed on Tensor at a multiplier. When NFTs sell for profit, revenue buys back and burns the band token, creating a self-reinforcing flywheel. But I think there's a fundamental flaw.

First 🚩observation: It shows "Token Extensions: FALSE" and uses the regular Token Program, not Token-2022. This means no transfer hooks, no transfer fees, no way to programmatically enforce fee collection.

My suspicion: Anyone can create a competing pool with lower fees (say 0.5% vs the official %). When traders sell, Jupiter would route to the cheaper pool for better execution. The official flywheel pool would collect zero fees.

But here's what really concerns me: When NFTs DO sell on Tensor and generate profits for buybacks, I suspect those buyback transactions also get routed through Jupiter to whichever pool has the best execution, likely the parasitic DLMM pools, not the official flywheel pool.
If this is happening, it means the protocol's own buyback mechanism is strengthening competing pools while the official flywheel pool slowly dies. The only price support would come from MLStrat's single-sided liquidity auto-buying, which looks like new STRATEGY launches propping up the MOTHER.

The NFT sales on Tensor would still generate real revenue, that part works. But I suspect that revenue flows to parasitic pool operators via buyback routing, not back into the intended flywheel mechanism.

I can't confirm this without diving into their smart contracts/flows or seeing more on-chain data. But if I'm right, this would be a critical architectural flaw with no easy fix.

Am I missing something? Has anyone else looked into this? Would love to be proven wrong here. NFA, DYOR.

[Becca @becca_nfts]

can't think of a better way to start my day

finally have my hands on ship rekt
finally re-stocked abstract apple

i'm loaded for summer 🌊✳️

[Gyggy.eth @Lexwinner]

@doclyndems Where in NJ @alpurrt_

[Beanie @beaniemaxi]

@farokh @rollbit Max bet on 85k.

[Gyggy.eth @Lexwinner]

@THEONLYCRYPT @crittersquest Got amethyst? #Amethyst @crittersquest

[Critters Quest @crittersquest]

**SOCIAL LEGENDS UPDATE**

Major shakeup! SunFire climbs to 2nd, with Verdant now in tight 3rd. Less than 800 points separate the top 3!

Torrent maintains their lead but the gap narrows.

UPCOMING: Eternals faction getting points multiplier to balance their rarity.

[Matt @enparadice]

Incredibly grateful for our dedicated team shipping quality products, our amazing community believing in us from day one, and having rockstar backers like @beaniemaxi who trusted our vision. Special s/o to @solsniperxyz & @phantom for being real ones. Proud to call Solana home!

[Beanie @beaniemaxi]

@hunterorrell @enparadice Nobody is ready for $QUEST. Everybody thinks it’s a game token. This will be the ultimate mind fuck of the year.

[Gyggy.eth @Lexwinner]

@connorcrd 5ssMBTcDjdfa8GeQz7ggH4XEUXQTVdHWha6WsUooNeU

[Gyggy.eth @Lexwinner]

6/ Ads like these weren’t just selling products—they were moments. As we head into this year’s Super Bowl, what commercials do you think still hold up?

[Gyggy.eth @Lexwinner]

It’s almost Super Bowl commercial season—let’s take a quick trip back to some of the most iconic ads from the ‘90s and early 2000s that still hold up today. 🏈🎥

[Gyggy.eth @Lexwinner]

5/ 1990s Chevy Commercial - Like a Rock
Chevy’s “Like a Rock” ads were all grit and heart. Bob Seger’s anthem made every truck commercial feel like a tribute to hard work and resilience.

https://t.co/LF5TjKu6g5

[Critters Quest @crittersquest]

You spoke, we listened, we shipped 🚀

✅Ledger signing
✅Unstaking protection
✅Cancel unstaking option
✅Better pledge UI

24 hours of feedback → instant action.
That's the Critters way.

[Gyggy.eth @Lexwinner]

With each new partnership, @crittersquest tokens gain more assets and utility, hopefully driving value. It’s not just an NFT—it’s a dynamic, evolving asset! 🙏🙏 @beaniemaxi #CrittersQuest

[Gyggy.eth @Lexwinner]

@crittersquest is my strongest conviction play because it comes with partner airdrops that are locked to the asset. These airdrops add new tokens, perks, or items directly to the NFT, growing its value over time. It’s a collectible that keeps upgrading. 🧵

[Gyggy.eth @Lexwinner]

Looking for your next epic adventure? 🐉✨ Join the Amethyst Faction on @crittersquest

Power, wisdom, and an unstoppable community await in the realm of amethyst glory. 💜💎 Don’t miss out—your quest begins now! #CrittersQuest #AmethystFaction