cЯyptocchio

Im a real investor. 🐸 Яibt

[Micky 🐸 @mickymalka]

This is the path to making better money a reality. We have all the infra to make it happen.

[cЯyptocchio @mrLCguy]

@ribbita2012 We could very well be one to three platters of carrots and celery away from waking up a sleeping giant.

[cЯyptocchio @mrLCguy]

@TradePools Me!

[cЯyptocchio @mrLCguy]

Lots of good opportunities out there. But let’s take a moment to salute the tokens who died for us to get here. 🫡

Rest in peace, dickhoodrobinfartbutt, we barely knew ye….

[cЯyptocchio @mrLCguy]

@Altcoinist 🫡 this one slaps

[cЯyptocchio @mrLCguy]

@Altcoinist @RibbitCapital can we talk about this cat on the right casually holding 1 iced coffee and 2 water bottles in one hand?

what does he know...

[cЯyptocchio @mrLCguy]

Yesterday was a good day.

Called Quill 7x and Gitbank 20x, and got into Starman under $100k and rode to $2M thanks to @thegardener777

@Altcoinist

[cЯyptocchio @mrLCguy]

The opportunities are plentiful with @Altcoinist trading bot

[cЯyptocchio @mrLCguy]

@Altcoinist 🔥🦄

[Altcoinist @Altcoinist]

get exposure to @altcoinist token w/ trading

1. trade with Altcoinist bot → earn $ALTT

volume = token rewards. every buy, sell, swap, snipe, limit order routed through altcoinist drops ALTT back to your wallet. claim every 7 days.

2. hold ALTT → unlock higher reward tiers

the more ALTT you hold, the more each trade pays back. top tier: 45% of all trading fees, paid in tokens.

3. refer Altcoinist → earn on their volume too

every trade your referrals make pays you a cut. your network compounds with your own volume.

alpha: the token rewards are open-market purchases funded by protocol revenue (long-term positive effect on the pa)

link shared below.

[798.eth 🍌🌍☮️ ｜链上新资产原语 @798_eth]

On uPEG, atomic-extraction attackers aren't attackers. They're miners.

100 mints + 99 burns + 1 keep：the same sediment effect that retail holders take months to produce, compressed into 4 minutes by a contract.

Same behavior. Different speed.

[cЯyptocchio @mrLCguy]

$uPEG hear me out….

-dupe mints become relatively valueless
-inevitably get burned
-fast forward a bit
-now dupe mints are…rare?

This is more than holding. This is participating in something fucking cool.

@unipegv4

[798.eth 🍌🌍☮️ ｜链上新资产原语 @798_eth]

The Authorless Object：hadrian 怎么吸收一次攻击

5 月 2 日深夜，0xhadrian.eth 自己的网站上多了一篇 essay。标题叫 "The Authorless Object: What the Market Made"。

之前那里只有三篇："On v4 and new tokens"、"On decentralization"、"On cypherpunk"。这是第四篇。

第四篇不长，2000 多字符英文。核心论点也不复杂：

当一个系统产出物品，作者是谁？Sol LeWitt 写指令，别人执行，他声称作者权。Art Blocks 让艺术家写算法，收藏者 mint。这两种情况里，人都做了关键的美学决定。但当输出完全不由人为美学决定，而是 block timestamp、validator 的随机性、swap 计数、陌生人交易历史的累积，没人在做艺术。买家在买代币，validator 在打包，开发者写的是条件不是输出。"The authorship question does not resolve into a person or even a group. It resolves into a process that nobody controlled."
这是一篇关于 unipeg 作品本体论的 essay。
但放在这个时间点发，它就不只是 essay 了。

—

10 小时之前，5 月 2 日 22 点到 23 点之间，有人对 unipeg 发起了一次原子批量稀有度提取。攻击者 EOA 自己部署了一个攻击合约，每次付 0.85 ETH，atomic 一笔交易内：从 V4 池子单笔买入 100 整枚 uPEG 触发 100 mint，评估每只 seed 找最稀有那一只用 transferUpeg 转走，剩下 99 只 swap 卖回 V4 burn 销毁。每 4 分钟一个完整循环。V4 PoolManager 持仓从攻击前的 17%+ 跌到了 6.47%。

这个攻击不是合约 bug。它是 unipeg mint 阈值机制可以预见的结构性攻击面，单笔 swap 进 N 整枚就 mint N 只、用 transferUpeg 转走具体 ID 不受限、剩下的 swap 出去 burn，三步合约都按设计运行。

所以 hadrian 怎么处理。

按常规只有两条路：换 hook 加 anti-batching cooldown，或者 destroy peg2peg 断套利出口。两件事都跟他自己 essay 里讲的 restraint 直接冲突，On decentralization 通篇在讲：下一阶段去中心化的关键词是克制，做得到也不做。

但他选了第三条路。

—

链上事实：unipeg 主合约 owner 已经 renounce，是 0x0。

也就是说他物理上不能换 hook、不能换 imageParamsProvider、不能换 randomSeedProvider。这些 setter 都标了 onlyOwner 修饰符，owner 是 0x0 的合约谁都调不动。这个事实已经在 4 月底就成立了，跟攻击事件无关。

所以严格说他的选项不是：两条 + 第三条。是两条都不可走。剩下能动的只有他没 renounce 的部分，peg2peg market 合约，他在 4-30 把 ownership 转给了一个独立的二级地址，但合约本身的核心交易逻辑改不了。

p2peg 现在每只独角兽的详情卡上多了两个分数：VISUAL SCORE 和 AGE SCORE。VISUAL 是原来那套，5 项特征是否齐全决定的视觉稀有度。AGE 是新的，按当前持有者持有这只独角兽的连续时长打分。

机制效果直接：原子批量提取出来的稀有独角兽，在新维度上慢慢变成普通货。攻击者用 4 分钟提取一只 mythic，AGE SCORE 是 0。一个 4 月 15 日 mint 出来到现在没换手过的普通组合，AGE SCORE 已经累积到几千。同样视觉稀有度的两只独角兽，一只 AGE 0，一只 AGE 6648，p2peg 上挂出来的语义完全不同。

这不是合约层修补，是定义层修补。

—

hadrian 发了一篇 essay。一篇看上去跟这次攻击无关、讨论生成艺术作者权的哲学短文。

把 essay 跟 age trait 放在一起读，姿态就清楚了。

essay 在重新定义作品是什么。它说：unipeg 的真正作者不是 hadrian，不是写 hook 的人，也不是个别买家。是整个市场过程，所有 swap 的累积、所有 transfer 的累积、所有 block timestamp 的累积。在这个 framing 下，攻击者也是共同作者。他没有破坏任何东西，他只是在以一种特定方式参与作品的生成过程。

age trait 是这个 framing 的执行层。它说：作品记录所有过程信息，包括"是不是被人 4 分钟内反复洗过"。视觉稀有度记录的是 mint 时刻的 randomSeed，AGE 记录的是 mint 之后的全部交易历史。两个维度合在一起，每只独角兽自己讲自己怎么来的。

这不是反击攻击。这是把攻击吸收进作品的可见层。

攻击者还是能继续提取。但他提出来的稀有独角兽，每一只都带着 AGE 0 这个标记进入二级市场。这个标记不是骂他、不是封他、不是限制他。是让他的痕迹被作品自己记录下来。

—

跟换 hook 比，这条路是反过来的。

换 hook 是项目方介入、保护用户、跟攻击者博弈。是作者权的强化，hadrian 重新拿回控制权来修补 bug。

age trait 是相反的。它把什么算稀有的定义权进一步交给市场过程本身。攻击者的痕迹也是市场过程的痕迹，不删除，不掩盖，写进作品。作者权的进一步放弃。

这跟 essay 的标题刚好闭环：The Authorless Object。无主作品。一个连作者都没有的对象，如何能被攻击？只能被参与。

attack 在这个 framing 里不是 attack，是 participation pattern。

—

这是高维度反制。它不依赖 hadrian 还能动合约、不依赖封锁攻击者、不依赖修复机制（机制按设计运行没什么可修）。它依赖的是定义权，作品的语义可以被重新框定，而不是合约的字节码。

读完那篇 essay 再看 AGE SCORE 显示在 p2peg 卡片上，就明白了一件事：hadrian 没有在跟攻击者博弈。他在用 essay + age trait 同时完成一个动作，把攻击者写进作品的目录里。

—

攻击者的 EOA 还在 5 月 3 日继续动。每 4-6 分钟挂单调整，已经不是高频提取了。可能在等 V4 池子里再积累足够整枚 uPEG，可能在出货库存。具体怎么走还没定。可能他也明白了，再提取出稀有款，他手里的就不稀有了，也就没有溢价了。

但不管他后面怎么走，他每次提取的独角兽都带 AGE 0 进入市场。这个标记永远跟着他提的每一只走。p2peg 卡片上展示，未来如果有新的二级市场也会展示。

合约改不了，定义可以改。

The Authorless Object，能记得自己的来历。

—

essay：直接 ENS resolve 0xhadrian.eth 看 contenthash，第四篇。

不是投资建议，做好自己的研究。

[cЯyptocchio @mrLCguy]

@zohanlin @unipegv4 UPEG

[chjokka @chjokka]

I've been digging into the $upeg project, and they're building something bigger than most people think.

You've probably seen the thesis:
"Interesting project. Each swap generates unique 24×24 fully on-chain SVG unicorn pixel art (no IPFS). Fixed 10k supply. Blends token + generative NFT as 'on-chain object'. Trading creates art."

But this is not the ACTUAL thesis.

What @unipegv4 is actually building is way bigger.

Traditional NFTs die from illiquidity. You mint, list, and wait. Floors collapse because no AMM is holding bids. The asset and the market for it are two separate things, and the market usually disappears.

Unipeg fuses them. The trade itself becomes the generative event, and the pool IS the secondary market. One of the cleanest demonstrations of where v4 hooks are headed.

And there's a clever wrinkle. Hold a whole $upeg, you get a unicorn. Sell below a whole token and the unicorn burns. Buy back up and a new one mints. Right now 3,218 of the 10k supply sits as fractional dust, meaning only 6,782 unicorns actually exist on-chain. The "dust dominance ratio" (0.47) tracks this in real time. The higher it goes, the fewer unicorns exist, the rarer each one becomes.

This is bullish mechanically. As trading heats up, supply gets split across more wallets, dust dominance rises, and circulating unicorns drop below the 10k cap. Scarcity becomes a function of volume itself.

What the broader v4 hook model could unlock:
> Sports cards and collectibles. Pool-based cards are always priced, with art that can update with player stats. Topps NFTs flopped because there was no volume/liquidity, this fixes the structural side.
> In-game items. Loot drops with built-in buyback. Every sword, skin, or rare item has an automatic exit price the moment you stop playing.
> Generative art and PFPs. Mint through trading, not bot-dominated gas wars. Supply curve set by the market in real time.

What this approach fixes about the old NFT model:
> No IPFS rug. Everything lives on-chain as SVG, no link rot, no vanishing JPEGs.
> No royalty enforcement wars. Fees baked into the swap, paid by protocol, not goodwill.
> No dead collections. Even at zero hype, the pool still quotes a price.

NFTs were supposed to be programmable assets. Most ended up as static images on a CDN.

Unipeg is one of the cleanest demonstrations of treating the trade itself as the primitive.

That's the actual thesis.

(i'm still learning more about the model so pls correct me on stuff if I was wrong)

With their marketplace going live soon, and the overall way the team is communicating and building, I can see this trade A LOT higher soon.

[cЯyptocchio @mrLCguy]

ethereum:0x44b28991b167582f18ba0259e0173176ca125505

Albino hairless peg 👀

[798.eth 🍌🌍☮️ ｜链上新资产原语 @798_eth]

补一层，越想越牛逼。

unipeg 这个机制有个单向抽水效应：

抽到普通独角兽 → 用户没动力留 → swap 卖回 AMM → burn 销毁
抽到稀有独角兽 → 用户舍不得 burn → transferUpeg 转去冷钱包/peg2peg → token 永远离开 AMM

每过一轮交易，AMM pool 里的整数 token 都在变少，剩下的越来越多是 swap 找零的小数碎片。账面 10K 不变，能凑出整数 1 枚 uPEG 触发 mint 的机会单调递减。

时间越长，pool 里漂的全是没人想留的循环碎片，沉淀在收藏者钱包的全是稀有品。

这相当于把传统 NFT "稀有度浮现 + 长期惜售" 那个本来要几年的过程，自动化在合约里第一天就开跑。

unipeg 不是在做一个 NFT，是在做一个自动筛选 NFT 稀缺度的机器，AMM 同时是流动性层和淘汰场。

现在只有 6800 只完整的。

不作为投资建议，DYOR。

[cЯyptocchio @mrLCguy]

@spennypretzel the wizard himself

[Altcoinist @Altcoinist]

you can still take the quick L on your shorts

and join the right side of the market

ego is the #1 enemy of your port.

[cЯyptocchio @mrLCguy]

@KonstantinSebeo A glimpse into the future ahhhh