I really can't stress how much of an improvement V2 of
$FWA along with some of the other changes made by
@Rhynotic are over V1.
For one - the pool is much healthier and includes NFTs you might actually want to collect at fair backing values. The overall ARP is increased as well with 90% backing buybacks or 92.5% if paid in FWA. The depositor rewards are also incredibly strong right now.
Second - a massive demand unlock is the addition of the automated punk lister - which uses fees from the protocol to buy and list cryptopunks with a decaying (2eth per 24 hour) backing, thereby increasing the odds of pulling the punk. This has created an incredible self-propelling flywheel that seeds the pool with a grail hit at incredible odds. As the punk backings go lower, spins will increase trying to win it, which pushes more fees into the next punk buy and keeps the incentives flowing.
Someone is going to win a Punk ($75k) off of a ~$175 spin and the timeline is going to explode. The race to win that punk will inject a massive amount of fees into the protocol. And then it's going to happen again, and again, as the punks keep cycling through.
Then there is new FWAIR launches, with a new launch by
@DesLucrece having been teased with the launch of V2. There's some new mechanics for FWAIR launches that are going to make it THE platform to launch new NFT collections on.
This doesn't even take into account the deflationary nature of
$FWA and he new pool4 liquidity pool that is setup.
Or the private pools that are being deployed soon.
And shoutout to
@tetonotsorry for the
@TokenWorksBot and the awesome art for each high deposit/hit. This will continue to help push awareness and virality.
Fake. World. Assets.