A $1.1M crypto reward pool usually gets drained to zero by sybil bots.
@standard_rsv just ran $250M+ in Season 1 volume on Robinhood Chain and spent $300,914.
I pulled the 1,568-wallet payout ledger to see where the cash went.
Real users got paid multiples of their fees:
- Wallet 0xa6c8...633e paid $13.94 in fees and walked away with $4,372.28 (313.7x)
- #1 winner 0xab48...0730 paid $128.14 and got $7,059.31 (55.1x)
Wash-trading farms got the exact opposite:
- #2 point farmer 0xe0d2...ac28 burned $5,929.68 in fees and got slashed 61% to $5,571.44 (-$358 net)
- A 15-wallet sybil cluster (0xe18b...31a9) paid $3,438.69 in fees and got $2,705.20 back (-$733 net)
@0xbeans kept the remaining $799,086 (72.6% of the pool) inside the Reserve backing $STANDARD instead of paying out sybils.
On the same day, they swept $175,600 in SPCX stock-token fees into the vault and paused new Charter mints.
You can tell a lot about a team by how they guard the treasury when the market chops. I'm glad to be backing these guys.
@standard_rsv just ran $250M+ in Season 1 volume on Robinhood Chain and spent $300,914.
I pulled the 1,568-wallet payout ledger to see where the cash went.
Real users got paid multiples of their fees:
- Wallet 0xa6c8...633e paid $13.94 in fees and walked away with $4,372.28 (313.7x)
- #1 winner 0xab48...0730 paid $128.14 and got $7,059.31 (55.1x)
Wash-trading farms got the exact opposite:
- #2 point farmer 0xe0d2...ac28 burned $5,929.68 in fees and got slashed 61% to $5,571.44 (-$358 net)
- A 15-wallet sybil cluster (0xe18b...31a9) paid $3,438.69 in fees and got $2,705.20 back (-$733 net)
@0xbeans kept the remaining $799,086 (72.6% of the pool) inside the Reserve backing $STANDARD instead of paying out sybils.
On the same day, they swept $175,600 in SPCX stock-token fees into the vault and paused new Charter mints.
You can tell a lot about a team by how they guard the treasury when the market chops. I'm glad to be backing these guys.
