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

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.

Later today we'll adjust two parameters: Purchase surcharge: 2.5% → 1.5% Buyback allocation: 40/30/30 → 60/20/20 (purchasers/depositors/burn). We'll continue to monitor and adjust small mechanisms like this for the benefit of the protocol

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 ✨

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

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!

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.

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: