wETF - ETFs on UniSwap

$WETF powers wETFs on the ERC-20 standard that work with algorithmic rebasing to achieve a decentralized version of ETFs, tradeable on UniSwap.

[wETF - ETFs on UniSwap @wetfio]

wETF Live Trading Explained in 2.5 mins - Where and How to Trade? What does rebasing mean?

As promised, our 2.5 minute video explains everything you need to know about actually trading Wrapped ETFs, with trading and rebasing fully explained. After watching this, you won't get scared when your Wrapped ETF supply changes!

We also included alpha at the end of the video for the future and next week's $WETF Roadmap. A special welcome to also all of our 1000 holders that we're gathered into our community within these past 3 days.

Join our Telegram for questions: https://t.co/jmRrJ2Oidg

[wETF - ETFs on UniSwap @wetfio]

@Joe758939 Sometimes it's better to let panic settle and then begin rebuilding, panic rarely helps. We are still here.

[wETF - ETFs on UniSwap @wetfio]

Good morning Wrappers!

Important announcement: Tax has been normalized, albeit about 12 hours late. Here's where the recovery begins for $WETF. Thanks for sticking with us 🫡

Also everyone has already been refunded from the re-base frontrunning sniper attack on the first deployed Wrapped ETF. After calls with team it seems we can launch on Uniswap but it needs to be whitelisted.

Whitelisted Wrapped ETF could work as an ERC-20 so these kind of attempts do not get in the way of our otherwise fully working system.

We keep developing, further updates down the line, of course the Roadmap is now due for renewal.

[wETF - ETFs on UniSwap @wetfio]

@Pablo01618 The CA was known to everyone 3 hours prior.

[wETF - ETFs on UniSwap @wetfio]

The First Wrapped ETF launch has been unsuccessful since snipers ruined the entire liquidity pool before elastic rebasing could happen. We launched it at the median price of the tokens, and due to posting the CA early so no one would get scammed some malicious CA snipers took action and fucked it.

Trading is halted, obviously. Team lost the liquidity there. The only way they could've front ran the rebase was because the rebasing TX did not go through as fast as the snipers. You can see for yourself here.
https://t.co/14Cmo4Yqm2

We'll be trying this again more wisened up from sharing the CA to malicious actors.

[wETF - ETFs on UniSwap @wetfio]

@Pablo01618 Don't appreciate that no way a team member would or could and we lost the liq.

[wETF - ETFs on UniSwap @wetfio]

@MrKingCongo Okay, sent, but try to not ruin other people's launches we specifically told you sniping has no effect since it's a stablecoin on a target price.

https://t.co/aSebyvYM6J

[wETF - ETFs on UniSwap @wetfio]

Everyone who was not a malicious sniper has been already refunded for the non-team caused draining attack on the first Wrapped ETF. https://t.co/YnQWsGwIVi

$WETF Team always has a high standard towards transparency and being fair, so of course we would do this.

[wETF - ETFs on UniSwap @wetfio]

The First Wrapped ETF launch has been unsuccessful since snipers ruined the entire liquidity pool before elastic rebasing could happen. We launched it at the median price of the tokens, and due to posting the CA early so no one would get scammed some malicious CA snipers took action and fucked it.

Trading is halted, obviously. Team lost the liquidity there. The only way they could've front ran the rebase was because the rebasing TX did not go through as fast as the snipers. You can see for yourself here.
https://t.co/14Cmo4Yqm2

We'll be trying this again more wisened up from sharing the CA to malicious actors.

[wETF - ETFs on UniSwap @wetfio]

@Pablo01618 Zero block is when the first rebasing should initiate.

Snipers foreran that TX executing.

[wETF - ETFs on UniSwap @wetfio]

@matpak1987 Yes $WETF is fine and safe.

[wETF - ETFs on UniSwap @wetfio]

@SerFirstname How

[wETF - ETFs on UniSwap @wetfio]

@Pablo01618 This would not be a fair launch, why would someone buy the token at all then? If the rebasing works as intended, then there'd be no problem, but snipers frontran it.

Nothing team can do. Many dreams crushed for today, but we'll re-attempt.

[wETF - ETFs on UniSwap @wetfio]

The Meme ETF tokens? It had almost no holders, some snipers with aggressive gas somehow overran the first rebasing function even though it was advised this is not going to give any benefit at all.

Then they sold draining the liquidity. The CA works well in testing environments but unfortunately seems like on Uniswap this just isn't possible if there are snipers.

[wETF - ETFs on UniSwap @wetfio]

The Meme ETF, our first team-issued Wrapped ETF is going live today at 9PM UTC.

It will be tradeable on @Uniswap like any normal token. Don't miss out on the launch!

To see our Meme ETF composition, head to https://t.co/2pVrqh83PI.

[wETF - ETFs on UniSwap @wetfio]

Great news - we have extended this for 24 hours. Thank you all.

[wETF - ETFs on UniSwap @wetfio]

$WETF Flash Sale Part Two - 1% Buy Tax for next 6 hours!

We promised to do it early this week, and we stick to our promises. Enjoy the entry.

https://t.co/Brk3z501V5

[wETF - ETFs on UniSwap @wetfio]

5.2 ETH worth ($13,716.14) of buybacks done within the past hour to sustain the price levels of $WETF in addition to lowering the Buy Tax to 1%.

Stay tuned.

[wETF - ETFs on UniSwap @wetfio]

$WETF Flash Sale Part Two - 1% Buy Tax for next 6 hours!

We promised to do it early this week, and we stick to our promises. Enjoy the entry.

https://t.co/Brk3z501V5

[wETF - ETFs on UniSwap @wetfio]

The Wrapped ETF Rebase Terminal

As previously explained in our previous posts, the Wrapped ETF Terminal allows you to look inside the otherwise closed software to make sure everything is going to the algorithm.

If you forgot what the rebasing and wrapping was all about, watch this: https://t.co/MMr7uRbmog

That means that for the first time in history of algorithmic tokens, you don't need to trust the team to be able to keep it up - you can see the funding for calling the rebase function, rebasing itself and what target price it is adjusted to yourself.

On average a rebase happens every 5 blocks since the last one. The smart contract handles rebasing itself to save gas, but we have an external rebase function for quick price jumps. That means we are willing to spend out of our budget to make sure the rebasing remains an accurate way to reflect the value that is otherwise determined by the liquidity pool.

The terminal will be on the $WETF website, and we will do the first rebase of the test token (one revealed previously) tonight, and you can then check it against the math - we will do a separate post about it.

Thanks for support everyone and let's keep it up! Two more updates coming in tonight.

[wETF - ETFs on UniSwap @wetfio]

Happy Tuesday! Today in our $WETF Roadmap we have the Rebase Terminal. In a way, this is the first of its kind transparency tool.

Posts coming in within few hours about launch of Rebase Terminal today which will firmly establish one of the core principles of Wrapped ETFs, decentralized transparency.

Read more from our Roadmap below and stay tuned.

[wETF - ETFs on UniSwap @wetfio]

The Meme Collection wETF ($METF) is now finally published and locked in. We are ready to deploy this week. You can view the composition at https://t.co/yFS9QypOWR!

The Team issued Meme ETF has got the approval of 40% of current DAO members (with no rejection option available). This, combined with the team's input is more than enough to launch it as planned. We have five classic memes with one from ETH and one from SOL.

The concept of blending SOL and ETH memes together is brining even more added value to the Wrapped ETF by merging value from different chains.

Go check it out at https://t.co/yFS9QypOWR!

[wETF - ETFs on UniSwap @wetfio]

Good morning $WETF! We kickstart this week with the first item in the Roadmap, today making the website and other promotional and explanatory material for our Meme ETF Collection.

This is the first team issued Wrapped ETF, but it is by no means special in any other way. The idea behind Wrapped ETFs is that the community builds them and adopts the wrapping model as part of trading in baskets. Team is simply helping adoption by issuing some ourselves with thick starting liquidity.

If you did not check the Roadmap yesterday, go a few posts above or do /roadmap in our Telegram. We will be 100% there to deliver each item on the date set. Please stay active for all of our updates as there will be four to five a day.

Have a great week Wrappers.