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Fake World Assets is now live™
Deposit your own NFTs with ETH backed, or purchase one from the protocol. The price to acquire will increase or decrease depending on the assets in the pool.
fwa(dot)fun
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TokenWorks™
656 posts
TokenWorks™
@token_works
A playground for onchain financialized ideas. Latest project: https://t.co/uw6rGhHzEq
Katılım Aralık 2024
2 Takip Edilen28.8K Takipçiler
TokenWorks™ retweetledi
TokenWorks™ retweetledi
The original FWA deployment had a bug and we lost a CryptoPunk.
Decided to open-source ahead of the relaunch. If you have any time and consider yourself a solidity expert, take a look. If you find a critical bug, I will give you ETH 😻
github.com/token-works/fw…
Adam@Rhynotic
Looks like there was a way to frontrun the chainlink callback, allowing an attacker to shift which NFT was selected. As a result, they managed to purchase someone's CryptoPunk unfairly (the largest listing in the pool). I'm in contact with the owner of Punk 5450 and TokenWorks will cover the ETH (~$66k). We've set the protocol into withdraw-only mode as of block 25452023 (and snapshotted $FWA holders here as well), preventing purchases and allowing depositors to withdraw their assets. I'll need a few days to decide what to do next, and to see if there is a path forward where the project can continue/relaunch since I personally think everyone is having fun with it (when it works). Sadly this is the downside of launching new things semi-quickly. Thank you for the support and for trying our ideas 🫶
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TokenWorks™ retweetledi
we’ve brainstormed a fix. the plan is to redeploy with the bugfix and (more improvements) after an audit this week
ill also open-source the new contracts before deployment and let any whitehats try to break it for a bounty
stay tuned
Adam@Rhynotic
Looks like there was a way to frontrun the chainlink callback, allowing an attacker to shift which NFT was selected. As a result, they managed to purchase someone's CryptoPunk unfairly (the largest listing in the pool). I'm in contact with the owner of Punk 5450 and TokenWorks will cover the ETH (~$66k). We've set the protocol into withdraw-only mode as of block 25452023 (and snapshotted $FWA holders here as well), preventing purchases and allowing depositors to withdraw their assets. I'll need a few days to decide what to do next, and to see if there is a path forward where the project can continue/relaunch since I personally think everyone is having fun with it (when it works). Sadly this is the downside of launching new things semi-quickly. Thank you for the support and for trying our ideas 🫶
English
TokenWorks™ retweetledi
Looks like there was a way to frontrun the chainlink callback, allowing an attacker to shift which NFT was selected. As a result, they managed to purchase someone's CryptoPunk unfairly (the largest listing in the pool).
I'm in contact with the owner of Punk 5450 and TokenWorks will cover the ETH (~$66k).
We've set the protocol into withdraw-only mode as of block 25452023 (and snapshotted $FWA holders here as well), preventing purchases and allowing depositors to withdraw their assets.
I'll need a few days to decide what to do next, and to see if there is a path forward where the project can continue/relaunch since I personally think everyone is having fun with it (when it works). Sadly this is the downside of launching new things semi-quickly.
Thank you for the support and for trying our ideas 🫶
TokenWorks™@token_works
We are temporarily enabling withdraw-only mode on Fake World Assets to verify the integrity of the latest purchase, which managed to buy a CryptoPunk. We'll post updates here.
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We are temporarily enabling withdraw-only mode on Fake World Assets to verify the integrity of the latest purchase, which managed to buy a CryptoPunk.
We'll post updates here.
English
We've added a bulk deposit button, as well as an estimate for FWA claims (distributed to purchasers every 24 hours).
Let us know what other features you want to see 🥰
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Over 3000 NFTs have been purchased from the protocol since launch today.
We've added both VeeFriends and mfers to the allowlist for FWA deposits.
What should we add next?
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Another CryptoPunk has entered the Fake World Assets protocol.
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1% of the FWA token is distributed to depositors and 1% to purchasers daily for the first 25 days.
Fake World Assets
English
Fake World Assets is now live™
Deposit your own NFTs with ETH backed, or purchase one from the protocol. The price to acquire will increase or decrease depending on the assets in the pool.
fwa(dot)fun
English
$FWA will start emitting for depositors once purchases are enabled, automatically.
For more information how FWA works, head to the docs.
fwa.fun/docs/overview
English
Everyone keeps focusing on Real World Assets, TCGs, etc.
Only one of us is focused on Fake World Assets.
Purchases from the FWA protocol go live tomorrow at 12pm EST on Ethereum
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There are now 513 NFTs deposited in the FWA protocol, backed by 71.7Ξ
NFTs can be backed by any amount of ETH, under the condition that the NFT can be sold back to the depositor for 85% of its ETH backing.
No oracles, fully permissionless.
Purchases opening soon.
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Punks are back.
Good thing PunkStrategy owns 39 of them.
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TokenWorks™ retweetledi
fwa.fun
Reminder that these contracts are experimental and unaudited (officially, although looked over by friends).
Please read the documentation and participate and your own risk.
English
Deposits are now live at fwa(dot)fun
Purchases from the protocol will go live tomorrow at the earliest (possibly in a few days). There is no rush to deposit.
FWA token emissions do not start until purchases are enabled and the only way to get the token is by participating.
Adam@Rhynotic
Introducing FakeWorldAssets™ A fully onchain protocol where deposited NFTs, each backed by depositor ETH, become positions others acquire at random.
English
TokenWorks™ retweetledi
Deposits will go live in a few hours.
Purchases from the protocol will go live tomorrow at the earliest (possibly in a few days). FWA token emissions don't start until purchases are enabled and the only way to get the token is by participating.
Adam@Rhynotic
Introducing FakeWorldAssets™ A fully onchain protocol where deposited NFTs, each backed by depositor ETH, become positions others acquire at random.
English