Sam retweeted
robinhood wants to help bring traditional financial assets onchain and standard reserve wants to build the liquidity infrastructure that makes those assets actually usable
also i think they can become the #1 liquidity coordinator for all of crypto if it makes sense
the long term bet isnt simply on how many billions of dollars get tokenized but how much economic activity those assets can support once theyre onchain
robinhood helps enable issuance and standard reserve wants to power the liquidity behind the markets
Sam retweeted
Vampire pools beware: URC-5 is live on Robinhood Chain and @Uniswap v4.
Sam retweeted
"imagine you take a stock token and make it programmable, like software, what can you do?" - vlad
i discuss in the paper below what i believe is a genuinely new financial primitive that is now only possible because of stock tokenization
i present, Isolated Exposure Tokens
Sam retweeted
Hey Json
It’s been 14+ hours since it’s been publicly proven beyond a reasonable doubt that $FPUMP is not bundled.
Can you let me know what time today our pnl will be fixed?
Also if you’d like we could have a discussion about how pnl was removed the exact moment my squad hit #1 when the coin caught momentum and ran from 1M to 7M and removing the public pnl negatively impacted the coin.
And lastly we could also discuss how you removed the pnl when you did 0 due diligence on its launch mechanism and apparently have no one on staff at pump fun who can read evm smart contracts or figure out what is actually a bundle vs what isn’t.
If you don’t want to discuss these other things, you can just restore our pnl and we can carry on.
Fuck pumpfun.
this has been fixed, it was a bug on our end due to you transferring the position in pre-competition
note that any other transfers in post-start are not counted - only off-platform holdings held before the competition started are counted as we didn't want to see tokens get sold off and rebought during the competition.
Sam retweeted
If AI produces some type of drug discovery breakthrough in the next 2 years I think it would strongly impact perceived regulatory risk from dems getting back into power. Will be hard being full on anti-AI if it is curing cancer. Not an expert in drug discovery tho idk how likely.
Sam retweeted
Utility @olivegarden.
Give a man a fish and you feed him for a day; give a man a Lifetime Pasta Pass and he eats for a lifetime.
Sam retweeted
it was brought to my attention that a token launched on standard's launchpad was removed from pumpfun's competition for "bundling" because 80% of its supply sits in one place
i want to clarify what this actually is, and why its the complete opposite of a bundle and actually a beneficial mechanism
first, what a bundle is: a deployer buys most of the supply across multiple wallets at launch, hides that theyre connected, waits for buyers, then dumps on them (or in the *optimistic* case, uses them for "supply control"). bundles are opaque and hide a token's real float
standard's launchpad lets deployers do what's called a "charter drop" which is the complete opposite of a bundle:
- charters are nfts held by participants in the @standard_rsv ecosystem. each holder has spent over 3 eth to join the protocol, and they've proven to be aligned, long term supporters of the projects they like
- deployers can choose to airdrop a percentage of supply (up to 80%) to charter holders. these tokens are locked in a vault contract, and charter holders cant access them unless they BURN their charter
- the airdrop isnt controlled by the deployer. the tokens sit in a single public contract, 0xb8748E02f07dd80F1DB99A49F92546B2210D844d, with no admin key and no owner withdrawal
- nothing is hidden. anyone can verify the mechanism and lock onchain, which is the opposite of a hidden bundle
- charter drops cant be dumped instantly. the tokens are split across every charter holder, not one wallet, and holders only receive their share by burning their charter. it's a public token lock with a real cost to unlock, not free supply ready to hit the market
were glad bundled tokens are being policed, but if this counts as a bundle, we'd urge you to look at the majority of the other tokens in this competition
as a side not, over 4M USD of tokens has been airdropped to charters and we've seen less than 5 charter burn to receive the airdropped tokens
since we're on the topic anyway, let's talk about market cap versus liquidity on charter drop tokens. dashboards count the locked 80% in market cap, so the market cap to liquidity ratio looks thin
but, measured against tradable supply, the pool is deeper than on other launchpad tokens since the same amount of liquidity supports a much smaller float, because most of the supply is locked. treating locked supply as tradable gives a misleading ratio
Sam retweeted
I’ve noticed our pnl has not been restored yet. Let’s go over the facts as they stand.
Your T&C that is actually in your app for this exact tournament is apparently outdated and evm coins are actually allowed. So you’re running a multi million dollar tournament but don’t have proper terms on your amazing app so that’s not why our pnl was removed.
Our pnl was removed because you decided it was a bundle. None of the following happened:
1) you didn’t go to the standard reserve site and look at the launchpad for 2 minute otherwise you would have seen those coins were air dropped to 867 bank charter holders
2) have anyone who works at pump fun who can read an evm smart contract
3) have alon dm me and say hey is this bundled what’s going on here and I would have explained the mechanism.
Instead the moment we hit top on the leaderboard our pnl was removed.
Which is interesting because your T&C talk about manipulation of coins. Yet you decided to remove our pnl when the coin started running which negatively impacted the coin. You manipulated your own tournament.
So let’s get to the real issue. It’s the name of the coin isn’t it. The coin is called fuck pumpfun. And a ragtag group of 3 friends not on your payroll were sitting at the top of the leaderboard so anyone who clicked to see what coins we were holding would see a singular coin called fuck pumpfun.
That’s why you removed our pnl isn’t it?
That’s why it hasn’t been restored isn’t it?
It’s bad PR. Now I could argue that kimchi faking a hack and posting a farm link that alon retweeted is much worse PR but what do I know.
Free fpump. Restore our pnl.
Fuck pumpfun.
they did not. however, the PNL score they had on their extremely bundled token was removed.
they are currently rank #492.
Sam retweeted
for any avoidance of doubt:
This tweet by Json was made after the #1 squad was holding an EVM coin named FUCKPUMPFUN, so they updated TOS to exclude EVM coins which sent that coin dumping
Suddenly, EVM coins are allowed again but the PNL for this coin for the group, gone
Sam retweeted
the standard launchpad has a unique feature where tokens deployed can airdrop tokens to charter holders
charter holders are members in the ecosystem that have spent a minimum of 3 eth (current auction clearing) and are incredibly aligned with the standard reserve protocol
the unique mechanism is that this airdrop requires charter holders to BURN their nft and position in order to claim their airdrop. this leads to a unique prisoners dilemma not present in any other project and launchpad
it is not an “80% bundle”, it is a vault contract that holds the airdrop that distributes the tokens when charter holders burn
happy to give additional context to anyone
It’s not a bundle. Their launch pad works different than yours. 80% of coin was air dropped to 867 wallets that own a standard reserve bank charter when it graduated. The most tokens any one of those bank charters has is 2M coins. Those coins can’t be accessed unless they burn their charter which is big decision.
It’s fair that you didn’t know how their launch pad works but now that you do will our pnl be restored?
Sam retweeted
It’s not a bundle. Their launch pad works different than yours. 80% of coin was air dropped to 867 wallets that own a standard reserve bank charter when it graduated. The most tokens any one of those bank charters has is 2M coins. Those coins can’t be accessed unless they burn their charter which is big decision.
It’s fair that you didn’t know how their launch pad works but now that you do will our pnl be restored?
Sam retweeted
Can you show the bundle please?
The way standard reserve launch pad works is when a token graduates, up to 80% can be air dropped to people who holder charters. And it can be set that the only way those ppl can touch their coins is they have to burn their charter. Which is a big decision for people.
It seems an honest mistake on your part. You were unaware of how standard reserve works. I believe the reporting of that 80% looks weird. It might show that 80% went to one place. If you would like to see screens of different charters holding the coin lmk.
Glad to work through this and get our rightful pnl back.
they did not. however, the PNL score they had on their extremely bundled token was removed.
they are currently rank #492.
Sam retweeted
Today we're excited to introduce a new standard for V4 hook tokens.
Our proposal to combat malicious vampire pools has been merged into Uniswap's URC repository as URC-5: Token Venue Policy.
One standard defining where tokens trade to officially own their markets.
Sam retweeted
Choosing where to build is a big decision. You're putting your time and your reputation behind it. To everyone who chose Robinhood Chain in these first 100 days: thank you. I'm glad we get to build this together.
Sam retweeted
1/ Meet @0xEthan
He runs an extraction scheme on pumpfun
buy → callout → sell from side wallets
49 tokens. $125k in profits.
Sam retweeted
0 support for your chain rn
- No listings other than Cashcat
- Coinbase/Upbit are listing your eco coins before you
- No mentions of your chain during the summit
- Vlad was “hands on” 2 months ago w/ subtle tweets now is doing nothing
You guys had all the momentum. Was the first Onchain PVE moment in a long and RH just let it die. Going down the same path as BASE is not what you want
RH chain was making millions of dollars a day. If you capitalize on that and push it, it will be you’re #1 highest grossing product in your own ecosystem
Every coin is going to 0. People are losing faith. There is a huge opportunity with tokenized stocks paired to memes that can ignite the next onchain bullrun. Best meta we’ve had in a long time. Take advantage of it.
