angrypaca
116 posts
The Guardians have adopted an upgrade expanding the revert feature for eligible failed transactions. In addition to Bitcoin, reversions are now live on Ethereum, Solana, Arbitrum, and Avalanche.
You can initiate a revert on: app.hyperunit.xyz/revert
Note that reverts remain subject to certain conditions, including independent screening by Guardians.
Please see the Unit documentation at docs.hyperunit.xyz/how-to/revert for more or contact support at app.hyperunit.xyz/support with any questions.
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angrypaca retweetledi
TL;DR fixed bugs and improved launches, new @token_works team members, re-evaluating release frequency
Over the last few weeks, hundreds of consumer crypto projects, creatives, artists, and protocols have reached out to learn about strategies.
It’s becoming very clear: a good strategy is a superpower.
Strategies provide a new avenue of exposure for projects that are (1) onchain/transparent; (2) widely accessible; and (3) aligned with their community.
It also gives projects a new design space to pull levers around their economy.
Meanwhile, the system is powered by an insane and passionate network of creatives, artists, tinkerers, and innovators who have rallied around our north star:
$PNKSTR
A few other notes from us:
Our team recognizes the unique benefits and tradeoffs of a curated platform of strategies (e.g. coinbase) vs. an open and permissionless platform for new launches (uniswap)
Both have merits. Both have their own killer advantages.
We think there is a way to create a platform for both curation and openness
We also understand that depending on the category, the needs of each strategy might differ
For example:
- NFT collections
- NFT collections with an already existing token
- Artists with pieces across contracts
- DeFi/Meme tokens
- Brand new projects planning an NFT collection or TGE
Different categories will have different needs
We are in active discussions with a number of partners exploring all of these categories, and we believe the platform should be tailored to each.
If all projects need a strategy, we’re going to make sure those strategies are damn good.
This week I've also brought on three advisors to help me start formalizing the project vision:
@mulligan - my former boss/mentor who built @premint into a juggernaut without venture funding
@redbeardnft - networking and business development wizard
@derekedws - runs @collab_currency and helps crypto projects succeed
As well as @dievardump to help alongside @tetonotsorry with development.
We’ll have an update on launch cadences on Monday, but for now new strategies are paused.
The Token Works.
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angrypaca retweetledi
So far from the VibeStrategy launch, 55e has been used to buy and burn $PNKSTR
That’s more than a floor punk.
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angrypaca retweetledi
angrypaca retweetledi
We're working on site updates while we wait for our updated contract audit to complete (ETA a few days)
Once the audit completes and we're given the all clear, we'll launch the remaining 5.
I know it sucks waiting, but at this point anyone launching forks is clearly an opportunist and not here for the long term. Eventually every collection will have a strategy through us.
TokenWorks™@token_works
We've pushed a site update to show NFTs sold by each Strategy, as well as the amount of tokens burned 🔥
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angrypaca retweetledi
TL;DR Everything is safe. All new strategies will be protected. Original eight strategies (minus PunkStrategy which is unaffected) have slight mechanical twist that lends itself to SquiggleStrategy being functionally reworked as 'Day One AB'.
Yesterday we found a bug in the 8 deployed NFTStrategy's (not including PunkStrategy which is unaffected). Essentially, there is a complex way of swapping out an NFT owned by the protocol with a different one on the same contract. For all collections other than Squiggles, this seems fine at first if you value the floor NFTs the same. The issue arises when the protocol does not know the NFTs have been switched. So if Bored Ape #2516 was listed at 15e and swapped with Bored Ape #2517 (#2516 is no longer held in the protocol and #2517 is in the protocol), the ape the protocol holds is not listed for sale essentially "bricking" it.
This is where it gets interesting. Technically, we can also swap back the NFT into the protocol making it for sale again at the intended price, and taking out one of the "bricked" NFTs. This means at any point in the future, the exploited NFT can be sold by the protocol as intended for the listing price. This essentially creates a sort of "call option" on the NFT. If floor prices ever raise above the listing price a rational trader will swap the exploited NFT back to the protocol, buy the NFT themselves, and take the difference between the price and the current floor. This would release the funds and continue the buy and burn. The only downside we could find from this is if someone finds their "Forever NFT" and wants to hold on this specific token, the ETH will remain in there until then and may never unlock.
As for the SquiggleStrategy specifically, this new mechanic means it's now a "Day One AB" strategy, with all 11,012 NFTs on that contract essentially being treated equally. We think this is interesting for two reasons:
First, the "Day One" AB trio -- Squiggles (Snowfro), Genesis (DCA), and Construction Token (Jeff Davis) is already a set that many collectors have been collecting, given these three projects launched simultaneously on the first day AB went live.
Second, the value of the other two non-Squiggle collections are *much* smaller edition sizes (512 and 500 unique editions respectively), and are only ~30% off the value of an individual Squiggle (10,000 unique editions).
More importantly, funds in the protocol are safe. The ERC20 tokens themselves have no issues and the funds will still pool up as intended and buy floors. The ETH held within these NFTs is also safe, albeit can be a delayed release but should eventually make its way back into the LP via buy & burns. These strategy tokens do NOT need to be redeployed.
We’ll eventually build a frontend to help users swap the NFTs back (ie. Exercise the call) if they end up with one of the exploited NFTs and help them chug the mechanism along.
Future strategy launches are delayed for a few days until we feel the contracts are secure. The 5 planned launches will resume afterwards.
Thank you all for the support, and every bump in the road makes us stronger.
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angrypaca retweetledi
There's been a lot of buzz about people wanting to fork PunkStrategy for various NFT projects.
We think we can do it better, while also accruing value to back to the $PNKSTR token.
The NFTStrategy™ platform will be released in the coming days.
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angrypaca retweetledi
Keep clicking, you never know.
Franky GO! launching soon on Abstract ✳️
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angrypaca retweetledi
It's finally time.
$KERNEL Season 1 Airdrop early checker is now live! 🌱
Over the past year, we’ve built a strong ecosystem with multiple products currently serving a total of ~ $2B in assets deposited:
🧜♀️ Kelp – $1.2B+ rsETH TVL, 300K+ restakers
🌱 Gain – $120M+ TVL in tokenized vaults
🍿 Kernel – $660M+ TVL, BNB’s largest shared security layer
And now, it all comes together under $KERNEL – our unified token.
TGE prep is in full steam - planned for early April 2025.
Start with checking your eligibility for Season 1 airdrop with 10% of the total $KERNEL supply allocated to users who earned Points/Miles till 31st Dec 2024.
Season 2 rewards are ongoing, so keep restaking!
Check your eligibility now.
🌱 kerneldao.com/airdrop-checke…
Dive into the blog for all the details about utility, eligibility and claiming process.
🌊 blogs.kerneldao.com/blog/kernel-ai…
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