long term, $STONKBROKER doesn't survive. here's the math:
the nft pays you in real tokenized stocks. but where that money comes from?
there is no reserve. every dollar paid to a holder today came from a trade that happened today.
so what pays you? people buying and selling the nft. 70% of the fee goes to holders, 30% to the team.
the people getting paid and the people paying are the same people.
as a group you get back 70 cents of every dollar you put in. you lose 30% every lap.
and the circle is already slowing. i measured the same contract 8 days apart:
price: -1.2%
rewards: -77%
the price barely moved and the engine lost 3/4 of its output. because rewards don't track price, they track volume. nft trades went from ~123/day to ~20/day.
the apr fell from over 100% to 23% in 8 days. nothing bad happened. people just traded less.
and they'll keep trading less, because a round trip through the vault costs 2 eth, 20% of the nft. nobody pays a 20% toll for fun. you need active speculation to justify it. when the speculation stops, the churn goes to 0, and the "dividend" goes to 0.
the floor doesn't save you either. 1 nft = exactly 666,666 tokens. the token and the nft are one asset, so there's nothing to rotate into.
https://x.com/the_smart_ape/status/2088917186744316126
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