The $FRENS emission window closes after today's epoch. 20 days. 40% of total supply has streamed to depositors + purchasers 🤖 Where every spin's ETH goes: - 3% → protocol - 2% → the crown - ~95% → split equally across every active depositor, paid in ETH Depositors have been earning this the whole time. Still going. Every single spin. The protocol cut routes a big slice into buying back $FRENS right now and BURN it. Pure deflation while volume grows. So how do spinners get paid: pull an NFT worth more than what you spin → keep it. Or 90% ETH refund via the depositor's backing. The switch we can flip: buyback routing is changeable. Today it's 0/0/100 (all burn). Flip for example could be: 40% → depositors 40% → purchasers 20% → still burn When? When the pool volume + community warrants it. Bootstrap first, rev-share when it's meaningful. Future of the NFTs: NFT ownership → governance. Down the line, holding a Frens NFT = voting power on: - burn % vs rev-share % - which collections join the pool - treasury allocation Pool is the flywheel. NFTs are the ballot. Always building. $FRENS · 🤖