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Adam
@Rhynotic
3.2K Following    26.4K Followers
this has been making the rounds in groups/dms and want to make sure it's shared here on twitter, especially since so many events happened at Time To Be Happy this year seems to be a recurring pattern toward female artists based on comments and convos
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I talked with Ethlabs a few days ago about my qualms with building on Ethereum If they manage to lower block times from 12s -> 10s -> 2s, Ethereum Mainnet takes over the world again
Personal pools will be enabled this week for beta users, as well as a new Punk for the v2 Punk Lister. For more information on what's new in V2, check out the announcement:
I've worked with Adam (@surfcoderepeat) to create a POOL4 liquidity pool for FWA. POOL4 is extremely experimental, so i've only added 10e of liquidity but will add more if all goes well. Lets see what happens.
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To avoid having the Punks sit idle, every 12 hours it automatically lowers the backing by 1Ξ. If the Punk is never purchased from FWA, it eventually reaches a resting price of 1Ξ
personal pools audit done, should roll out this week i think having tons of small pools that compete for attention by pricing assets fairly (and feed fees to the main pool) will solve a lot of issues we’ve seen the last few weeks fake world assets
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We've updated the beta page for the FWAIR PFPs Once custom user pools go live, holders can opt into the beta by temporarily locking their NFT. More information next week.
Ladies and gentleman, we've rewritten history. 4.4 Billion Gas spent saving 121 MB of data storing the first 212,991 blocks of Ethereum, back onto Ethereum. We've Saved ETH.
We've updated the buyback allocation to 60/20/20, but kept the purchaser surcharge at 2.5%. There is a delicate balance between purchasers and depositors, and we won't lower that parameter until we're sure it's necessary.
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If you have a Noun, <24h to vote on the proposal to deposit some treasury Nouns into FWA
A large critique of the FWAIR Launch mechanism is that it's "not worth it to back" that being said, 3 backers got their NFT for the 0.25e backing price i think a good middle ground could be randomly distributing 10-20% of each launch to backers, and the rest goes into FWA
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and with that, all FWAir PFPs have exited the FWA pool! - 108 were kept by FWA purchasers - 2 were sold into the 0.25e bid and given to backers - 1 survived three days and was claimed by the original backer dare I say the fwairest NFT launch in a long time ✨
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and with that, all FWAir PFPs have exited the FWA pool! - 108 were kept by FWA purchasers - 2 were sold into the 0.25e bid and given to backers - 1 survived three days and was claimed by the original backer dare I say the fwairest NFT launch in a long time ✨
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We've shortened the time FWAir Launch backers need to wait to claim the NFT they backed from 30 days to 3 days. This applies to both past and future FWAir Launches. We'll continue to monitor and adjust small mechanisms like this for the benefit of the protocol
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FWAir Launches have a lot of financial and social dynamics to balance, earlier withdraws are a good adaptation. It moves the system slightly closer to a traditional mint, while still allowing the optionality of earning more yield in the pool, and perhaps more roll pressure.
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We've shortened the time FWAir Launch backers need to wait to claim the NFT they backed from 30 days to 3 days. This applies to both past and future FWAir Launches. We'll continue to monitor and adjust small mechanisms like this for the benefit of the protocol
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still month one of fwa, we have an eth treasury and 3% of the token from buying it back saving ethereum is a marathon, not a sprint onward
one month after launching, Fake World Assets by @token_works has -become a major volume draw + gas consumer on Ethereum -(re)catalyzed more building around L1 NFTs, Uniswap hooks, etc. -become a top crypto protocol by holders' revenue, outpacing many larger projects -kept its tokenomics wheeling with significant FWA buybacks post-emissions -introduced new onchain primitives (e.g. FWAIR launches) -fielded a growing eco of permissionless extensions like Pull Pool, FWAP, LFWA, etc. -kept a regular cadence of new features, with user-owned pools next up in other words... it's done really well so far and pointed the way to new creative terrains onchain, there's a lot to like here imo!
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Metadata has refreshed and everyone's ENS is live and written into the artwork forever A few examples backed by @GoldenBronny @batzdu @matascup and @thechancebettor thank you for your support
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One interesting angle I hadn’t considered for @token_works FWAir launched NFTs is that when a collection is dropped this way, the gacha can allow the market to act as an arbiter of the collection’s circulating supply. With a traditional mint, an artist typically has to choose the supply upfront. If it doesn’t mint out quickly, the drop can sometimes be perceived as a failure, and the artist may end up closing the mint or burning the remaining supply. With an FWAir launch, like the one Sterling Crispin is running right now, the full collection is minted upfront, backed and deposited into the protocol. From there, it can reach collectors as quickly or gradually as demand dictates: the more the people like them, the more the people spin. Meanwhile, backers earn fees for as long as their pieces remain in the gacha, and spinners get an evolving variety of prizes to choose from (or can always opt out and take ETH or $FWA instead.) It’s a very elegant design, hats off to @Rhynotic.
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tfw you and the homies are megaripping and saving eth without anyone's permission
Thanks to everyone who backed @saveethereum today, and @Rhynotic & @token_works team allowing me to be a part of it. All of the backers wallet addresses/ENS names have been written into the Save ETH artwork forever. Backers, save your eraE packets here:
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