GM☕️ Found an interesting project FORGE: Bitcoin's issuance, Ethereum's yield.
This is a mining project that stitches Bitcoin’s PoW issuance and Ethereum’s PoS staking rewards into an ERC-20 through a Uniswap v4 Hook.
Last night, I thought it was interesting before sleeping, so I casually bought a little and went to bed. So far, it has automatically doubled, and I’m up a lot.
1. + Bitcoin's PoW:
Total supply: 21 million coins. SHA-256 PoW. Target block time around 10 minutes. Difficulty adjusts automatically. The base reward starts at 100 FORGE and halves step-by-step according to the supply schedule.
Miners need to find the nonce locally (a random number). The Ethereum contract verifies the answer. As of now, more than 500 blocks have already been mined on the mainnet.
2. + Ethereum's PoS:
To mine, the minimum stake is currently 1k FORGE. The more you stake, the higher the reward for solving a block, capped at 5× for 10,000 coins.
New tokens added per block are split as 70% to miners, 25% to stakers, and 5% to protocol liquidity. Mining rewards are locked for the first 48h, but you can also continue staking directly to increase your multiplier.
Miners must also be holders. Holders keep eating the mining output. They PUA each other into a flywheel 🤣
3. Uniswap v4 Hook:
A dynamic fee-rate Hook is attached to the FORGE/WETH pool. During the first 5 minutes before the market opened, the buy tax once surged to 90%, specifically to snipe and poison bots. After that, the buy tax goes to zero. Currently, selling charges a 1% tax, and then the tax and fees are continuously routed to protocol-owned liquidity.
The Treasury (protocol treasury) contract only has a path to add LP, with no way to withdraw LP.
4. Personal rambling:
Honestly, it’s way more fun than buying and then only watching the candlestick chart 😜.
I bought a small position, and after researching today I realized it’s even not enough to meet the mining threshold 🤣 Mining requires at least 1k FORGE staked. Based on the current pool price, that’s already around 0.2 ETH—quite a high threshold...
I researched a bit late. If I had gone to mine right when it launched last night, it probably would’ve been super satisfying, because back then the difficulty was very low and it was basically instant mining. Now that the difficulty has risen, I’m planning to ask Claude to help me research and make a script to test it 🤔
Anyway, DYOR
CA: 0x01cA5ACf53D0a18943dAe0dd6C08B88e62ad0BA3
#FORGE #Ethereum