
soup γπ¦|π|π¦|β οΈγ
@chainsoup
un|professional pragmatist.
ID: 1586108460462112770
28-10-2022 21:32:11
1,1K Tweet
204 Followers
147 Following



More detail about the upcoming Sui Name Service (SuiNS) buy/burn mechanism: 80% of all protocol fees will result in burned $NS. (If the fees aren't collected in $NS, they'll will be used to buy $NS to burn.) You can review the passed governance proposal here: suins.discourse.group/t/snp-5-suins-β¦


Patiently waiting for the rest of the market to realize that Ikaγπ¦γ is buying back $IKA with the jeet penalties.

π§ Sui Name Service (SuiNS) H2 2025 ROADMAP!!! β’ End of August: Staking & Voting Rewards (airdrop πͺ) - UI is ready, contracts are finalized, testing is complete, and the audit is underway. β’ September: Buyback & Burn - The contracts are also undergoing an audit. β’ Late Q3/early Q4:




ποΈ No use for IKA NFTs? ποΈ Well, after the Ikaγπ¦γ airdrop snapshot, a large number of people decided to get rid of their MF SQUID MARKET NFTs and sold several high-level NFTs for ridiculous prices. This begs the question: are these NFTs useless and worth discarding, or is


Here's my rant of the day: I know you MFers don't like $NS because "it's just a name service" (or whatever) and you think the fact that it trades lower than the other MystenLabs.sui tokens makes you right. After all, its FDV is literally 24x lower than $DEEP, right? But, you're

Day 13 Ikaγπ¦γ penalty detailed stats: β’ Penalty rate: ~0.00547 SUI per IKA β’ Penalty in USD: ~$0.0206 per IKA β’ IKA price: $0.03869 β’ Penalty = ~53.3% of IKA value β’ Total penalties paid: 508,506 SUI ($1,915,032 USD) β’ IKA claimed: 81,264,006 / 600,000,000 (13.54%)






Early, not wrong. Who is cooking what? Sui Name Service (SuiNS)




So, we have Ikaγπ¦γ buying $IKA back in 100k $SUI clips (500k $SUI spent so far). And we're currently up to 182.79M $IKA being borrowed (across NAVI Protocol, Suilend and AlphaLend) at a weighted average rate of ~79%. I don't think shorting is the move.