Avalanche 🔺 is home Builder of things. Prev: @blockscout and @poanetwork
Joined June 2021
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ID secured @umbrellacap_
sig:0x0b3af41c16a975d4a190cc5f82952df04231b1aa958c2a45dde767d3e9d906591d2f5813471d147ab30fa1aca749488cd782e06b90f4a8
Thank you for my free @HotdogCostcoRH rewards. We're zooming!
Most people don't know that you get a free $28 every day (more when we pump) if you're a COSTCO card holder.
The card costs just 0.022ETH (or 0.066 for Golden) and you can claim free tokens every day.
17% return per day lol
Here's the thing, YOU CAN'T JUST BUY THE CARD. You have to be invited.
A card holder needs to invite you to purchase and the invite itself, contains free tokens for the recipient
MemeFi x SocialPonzi
Kudos to the @HotdogCostcoRH team.
Really cool solana:8zZujUaMpmz86h9ic6FK9dAZj5jWbkdSZSFuysyWpump flywheel going on RH.
Members receive solana:8zZujUaMpmz86h9ic6FK9dAZj5jWbkdSZSFuysyWpump every day and can gift hot dogs to people on X.
🌭 → new member → buy pressure → more 🌭
Also, I hear revenue will be shared with the leaderboard. Haven't had time to look into that aspect but could be another cool piece.
If you need a membership, let me know below.
Been out of the loop on socials this week and came back to see @AveryBigweapon turning a classic early-internet meme into a full onchain experience on Robinhood Chain with @PoolsClosedRH.
Picked up some $CLOSED to support a builder.
Pool’s closed. ⛔
CA: 0x034d81835137ea6579A3824fc47176AdE055C76D
$PACK has already burned more than 5% of its total supply in its first 48 hours.
A lot of misinformation on how the process works:
PACK trades across 10 separate pools. Each paired asset moves independently, so the pools can temporarily imply different prices for PACK.
Arbitrage bots constantly correct those differences:
Buy PACK where it’s cheaper
↓
Sell PACK where it’s more expensive
↓
Pull the pools back toward the same price
↓
Every leg of that arbitrage pays a 1% trading fee
Every 12 hours, a new harvest becomes available:
1. Fees collected in PACK are burned.
2. Fees collected in the paired tokens are split.
Half remains as the paired side of the liquidity.
Half enters the buyback pool and is used to buy PACK.
But the buyback is not executed all at once.
A large market buy against one of the smaller pools would be easy to front-run and back-run, allowing bots to extract much of the value.
Instead, the buyback is TWAPed throughout the following 12-hour period, gradually purchasing PACK with less price impact.
Each harvest is also capped based on the size of each individual pool. Anything that cannot be processed remains queued for a future harvest, it is not lost.
