Low-risk Podcasting

This podcast episode discusses a recent token launch tied to CryptoPunks and Bored Ape-related activity, with Chris and Aaron arguing that the design worked as intended after early problems. Chris says the launch was buggy because the protocol relied on market arbitrage bots without clearly communicating that behavior, and an unidentified actor reportedly netted about 750,000 bucks by repeatedly directing protocol buys of a listed ape. Aaron notes that as of that day, 613 ether in protocol fees had been collected and calls the model an elegant mix of ERC20 fungibility and NFT nonfungibility, though he sees challenges in enforcing the fee on chain.