

0xBanker
5.3K posts

@banking_defi
Surviving bear markets since 1998 trading everything from WTI to UST's, now deep into #DEFI






The wallet holding 33,000 bean is our team supply that we locked for 6 months - app.sablier.com/vesting/stream… 0xfe177128Df8d336cAf99F787b72183D1E68Ff9c2 is our staking contract with 24% of supply being staked. 0x9632495bDb93FD6B0740Ab69cc6c71C9c01da4f0 - is our gridmining contract. the bean in there is the unclaimed/unroasted pool that people are leaving in there to earn roasting rewards. for more accurate numbers you can refer off our dune TVL section (as of today roughly 75% is off market and climbing every day) - dune.com/queries/675375…

All of our round history is now decentralized. This is step one of a wider @gitlawb plan. every 5 minutes an indexer signs the latest closed rounds and pushes them to a public repo replicated across the network. Eventually every piece of Minebean will live on gitlawb, mirrored and signed, independent of any single host. transparency by infrastructure, not by promise. gitlawb.com/z6MkwVfgaAnuyp…

1⃣2⃣ @minebean_ BEAN is a gamified mining protocol on Base where players compete in continuous 60-second rounds to earn ETH and BEAN tokens. They created an Aeon skill where agents can fund a wallet and mine $BEAN autonomously. minebean.com



Only 24 hours later. another 289 BEAN burned since yesterday's 531. that's 820 bean ($14,892) burned in 48 hours from LP fees alone. the LP burn flywheel is the newer of the two engines, and now that onchain activity has started to increase in the past few days, it's finally getting volume to chew on. now we have two engines running in parallel: LP fees (the newer one): 50% of the eth side of every fee buys bean back into the chart and burns. the token side of the LP gets burnt outright on top. gridmining (since launch): protocol fees from every round buy back bean, get burnt & get distributed to stakers. each one feeds the other. more volume = more fees = more buybacks = tighter float = sharper moves = more attention = more volume. the loop is tightening.

We have just burned another 531 BEAN from LP fees alone. basescan.org/tx/0x53bcf8031…












