Robert M.C. Forster
@RobertMCForster
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Co-founder, @EaseDeFi . Founder, @GoatTradingDex . Building novel ideas, bounty hunting, assessing risk, re-inventing insurance, keeping users safe.
Seattle
Joined January 2020
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Was just offered a bounty of $5,000 for reporting a $2,000,000,000 vulnerability lol
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1/19 Now that Azeem Ahmed (
@AZtztk
) and
@MochiDeFi
are launching a new token, $MOCHI, and
@ArmorFi
is finally completely disconnected from Azeem, I feel it would be immoral not to come out with everything he did at Armor.
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.
@coingecko
we keep getting this response to our listing request.
#INEDIBLE
community, can you guys like/RT/comment to show them this couldn't be farther from the truth and get us listed?
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Honestly I’m not a big fan of memecoins. I think capital being allocated to projects that need it to build the future is much more useful than capital being used to gamble on trends.
BUT. I don’t think they’re going away. And if they’re not going away, I feel it’s important to…
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#INEDIBLE
was started with the goal of stopping users who wanted to trade cryptocurrencies from unfairly losing money. It turns out people like not losing money. Once we saw how that resonated with people, we decided more needed to be done. And
#inedibleX
was conceived.
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There’ve been lots of questions on how
@INEDIBLE_Token
holders benefit from
#inedibleX
through launchpad fees and swap fees. So I’ll go a bit more in-depth on the tokenomics plans 👇
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I wrote a trading coin for all the memecoin traders out there. Totally normal ERC20 functionality except it’s impossible for your trades to fall prey to sandwich attacks. It’s called $INEDIBLE 👇
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After today, features
#inedibleX
will be adding in the next week:
1. Permissionless launching
2. Creating pairs without them being new launches
3. Further scam protection such as hiding new tokens with duplicate symbols
4. Adding website when launching a token to be shown on the…
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I gotta say, this is pretty satisfying to see
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Honestly I’ve been thinking about utility to make it more than a memecoin though…there are some cool things that may have to be built around
#INEDIBLE
to further help users
I wanna emphasize this: I'm fully focused on
@EaseDeFi
and will not be working on anything further for $INEDIBLE. I've locked liquidity so as to avoid any rug concerns and any additional utility is in your hands!
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Oof, important reminder that no matter how safe you think your funds are on a DeFi protocol they should be covered in some way
A number of stablepools (alETH/msETH/pETH) using Vyper 0.2.15 have been exploited as a result of a malfunctioning reentrancy lock. We are assessing the situation and will update the community as things develop.
Other pools are safe.
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And this isn’t just about MEV. Native MEV protection in a dex is cool, but only one of many problems.
Rug pulls, dumping tokens, unfair launches all wreck users constantly, and there’s more we can be doing to prevent it.
Honestly I’m not a big fan of memecoins. I think capital being allocated to projects that need it to build the future is much more useful than capital being used to gamble on trends.
BUT. I don’t think they’re going away. And if they’re not going away, I feel it’s important to…
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btw,
#inedibleX
is the name of the launchpad/dex--not a token.
#INEDIBLE
is the only token that will benefit from trading and launching on the platform. This project will only ever have 1 token and that's
#INEDIBLE
.
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The tokenomics will not be the normal dex proposition of giving holders a share of trading fees. They'll encourage users to focus on the potential of the future rather than the present
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#INEDIBLE
<>
#inedibleX
full token explanation coming soon. It'll be the governance token, but more than that as well.
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People have messaged me saying to keep
#INEDIBLE
just a meme and to not build anything more. I can see why: traders love their fantasies. The less grounded in reality a project is, the less grounded in reality a valuation can be. It becomes purely about hype and marketing. 👇
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#INEDIBLE
DAO has launched! Not only will the Inedible DAO control
@INEDIBLE_Token
and inedibleX, but we’ve donated a quarter of our tokens to the DAO. The purpose of this community is to make trading safer, and we want to make sure the DAO has power to act on that purpose. 👇
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#inedibleX
development ran into a last minute bug so we'll have to delay launch a day to make sure we're all good, but good news is that we can show you around the whole site now! Also good news is that a 1 day delay will still be less than a month from conception to launch.
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Excited for this! Seen a lotta misconceptions around so it'll be great to clear everything up about how
#inedibleX
can lead the way to safer memecoin trading and make
#INEDIBLE
the king of memecoins
Join me and
@stekisteks
tomorrow at 12 pm PST on spaces where we will be interviewing the founder and developer of
@INEDIBLE_Token
@RobertMCForster
. You do NOT want to miss this one!!!!! LETS GO!!!! 🚀🚀🚀🚀🚀
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Spent today working on the rewards system mentioned earlier (contract now in testing) so tomorrow's gonna be for launching the
@INEDIBLE_Token
DAO
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This is what happens when you have real utility.
P.S. We're helping out development of some tokens launching on
#inedibleX
soon to make sure some of our initial tokens are quality :) And we'll make sure these give good airdrops!
$PAAL in the midst of the craziest comeback ive seen.
Down to 700k from v1 to 8m+ earlier today.
Ath of 10m+ is gonna fall soon, crazy time.
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.
@INEDIBLE_Token
holders! To prepare for the MVP launch you must make sure you've delegated votes to yourself on Tally ().
The delegate button is in the top right of the description box. Click that, enter your own address, and send the transaction.…
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Killer community we've got here constantly pumping out gems like this!
#inedible
#inedibleX
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We’ve been seeing too many posts today about Base honeypots and rug pulls. There’s a lot of trading going on but currently no safety infrastructure. We need to do something about this, so within a few days
#inedibleX
will be launching on
@buildonbase
.
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Big week coming up for
@INEDIBLE_Token
#inedibleX
! And what's public is only one part of it...
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#inedible
#inedibleX
bug bounty is now on!
is the repo with all smart contracts.
Rewards are:
Medium: 0.05% of token supply (444B tokens)
High: 0.1% of token supply (888B tokens)
Critical: 0.5% of token supply (4.44T tokens)
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It’s been quite the journey for
@inedible_token
. After thousands of hours of development, testing, and more development, we’re now fully launching
#inedibleX
. Here comes a revolution in crypto trader safety.
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#inedibleX
launchpad airdrops (1% of supply minimum given to
#inedible
holders) will also vest for the length of time deployers set their own tokens to vest for, so there are no worries of
#inedible
holders dumping airdropped tokens immediately
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If a single token launches on
#inedibleX
and eventually becomes worth $1B,
#INEDIBLE
holders will control $10M. Hundreds of new tokens are launched every day. If this community can make
#inedibleX
the default launchpad for cryptocurrencies, the sky’s the limit.
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Where
#INEDIBLE
protects traders of one token from one threat,
#inedibleX
will protect traders of many tokens from many threats.
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For
#inedibleX
LPs, not only can fees be claimed while LP tokens are locked, but the tokens from those fees cannot be sold back into the pool because of the forced token vesting. Deployers will be able to get Ether revenue without being able to sell any tokens.
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#INEDIBLE
community keeps coming up with more and more fantastic ideas for a safer dex. So many possibilities for expansion after the initial version!
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Wake up honey, new rate limited Twitter raiding meta just dropped. You'll be seeing a lot from
#inedible
#inedibleX
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Almost everything
#inedibleX
does is done elsewhere. There are anti-MEV dexes, there are liquidity lockers, there’s token vesting. But the integration of these safety features directly into the format everyone uses for launching today could lead to some change
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#inedibleX
going fully permissionless next Wednesday. With dev "finishing up" (you're never actually done here) we're focusing on bizdev, raiding, and influencer partnerships.
The
@INEDIBLE_Token
community will play a big part here as well letting all your favorite teams know…
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#inedibleX
verified on dextools 🦾 Soon we'll be seeing our logo more often than Uniswap's on trending
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Apologies to all the messages I've missed! Been a crazy week. Hopefully within a couple weeks
#inedibleX
beta will have launched and things can calm down again with a new team
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Many users have been asking about
@INEDIBLE_Token
burns. We didn’t think there was much of a place for burns in the
#inedibleX
protocol, but we realized how we can make
#inedible
deflationary while maintaining revenue for future protocol development and airdrops for users.
When…
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#inedibleX
smart contract updates after very valuable test launches:
1. Adjusting the MEV protection so that more than 2 trades in a block can occur if they're all going the same direction (all buys or all sells) or if the first one is one direction and all following are the…
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#inedibleX
smart contracts delivered with all promised features. Short, sweet, and to the point. Still testing so no bug bounty until next week.
Thank you to our lead Solidity dev who did most of the hard work!
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Exciting week ahead! Made some adjustments based on recent launches and I think
#inedibleX
is soon all good to go. Making sure there's 0 reason for a token to launch anywhere else.
@INEDIBLE_Token
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1/ Okay
@kferretcrypto
, here’s my one response. The following thoughts are completely my own and I am not speaking on behalf of
@ArmorFi
. I will not be making any further comments on this matter.
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To be clear:
#inedibleX
was made to give users a safer place to trade newly launched tokens.
Our anti-MEV is one small part of that value proposition. We were careful to not put much emphasis on it because it's not a big differentiator.
@uniswap
's
#uniswapX
has suspiciously…
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btw cause someone brought it up re
#inedibleX
, the bug we mentioned was fixed a while ago and we're all good to launch tomorrow. Just doing final tests and such at the moment
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#INEDIBLE
wasn’t made for
#inedibleX
, inedibleX is being created because of the enthusiasm we saw at not getting taken advantage of when just trying to do your thing.
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hey
@eth_ben
,
@EaseDeFi
's lead solidity dev and I are down to spend a day auditing the psydex code if you can share that before launch. Should definitely have extra eyes on it before launch for user safety.
#inedibleX
smart contracts should be public with a bug bounty tomorrow
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The absolute best marketing for
#inedibleX
we can have is our community demanding that teams launching new tokens do it safely through our platform, and refusing to participate in dangerous launches on other platforms.
Remember that the customer (you!) is always right when it…
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To give an idea of the direction
#inedibleX
is headed, here are the fields you now enter when launching a new pool.
Website/logo/socials/description will all be shown instantly on the "New Tokens" page when your token launches.
@INEDIBLE_Token
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#inedibleX
updates:
- WalletConnect updated
- price updating fixed
- swap problems when switching between tokens fixed
- inedible conversion problems fixed
- MEV protection updated
- vesting updated
- many more small ones!
Just days away!
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Azeem rugged the $SAFE community. He rugged $ARMOR holders. I promise you, $MOCHI will be no different. There are plenty of legitimate tokens out there: pick one whose founder doesn’t have a demonstrable track record of scamming his users.
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Adding in the ability for locked LP tokens on
#inedibleX
to still give fees to owners. Projects will be able to fund development, cex listings, etc. without dumping their tokens
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#inedibleX
public launch coming tomorrow! Have a couple teams confirmed launching soon but if you have a token coming out, there could be a lot of eyes on you tomorrow. Uniswap + inedibleX dual launch is probably the way to go to maximize volume
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#inedibleX
Twitter raiding strategy for next week once pools are open to everyone is really coming together...
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@Yourpop8
@INEDIBLE_Token
Down for a space soon! Gonna wait til I can reveal more about where
#INEDIBLE
could be headed though so at least a few days
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#inedibleX
will have farming for every pool when we launch on Base! If you're opening a new pool on Base soon, here's a way to get extra returns while protecting your users.
22.2T
@inedible_token
tokens (2.5% of supply) will be allotted for just the first month of use. Each day…
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The
@INEDIBLE_Token
community is making so much amazing content we can't even keep up what to use it all for
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Probably not gonna be a feature for the MVP, but
#inedibleX
frontend could simulate a sell when making a buy, and stop the buy if the sell will fail. This would stop people from falling prey to malicious tokens
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lol cause someone asked: no we're not gonna shutdown
#inedibleX
if it doesn't instantly get hundreds of coins a day listed. We're much more dedicated than ever before. From tests alone people are praising the product, and it'll only get better.
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Do you guys want a dex on Base that automatically locks liquidity of new tokens and stops you from trading if it's a honeypot?
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#inedibleX
's forced token vesting would have disallowed the selling of these until at least 30 days, giving enough time for someone to hopefully catch on.
In the future our automatic verification can get increasingly sophisticated to the point where it isn't worth it for…
I'm sure you have all seen the recent BeamSplittr rug, how it went from $1.5M to $500 in a mere 15 minutes
Let's check out what happened $BSPLT
A thread 🧵👇
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Wanna get this out as much as we can! To clarify what this entails for teams:
1. Uniswap-like experience. Not deploying your token contracts through our site.
2. Integrated liquidity lock and token vesting.
3. No payments other than the airdrop to
#INEDIBLE
holders.
4. Withdraw…
Have a
#memecoin
that wants to join the
#inedibleX
launch? Submit your info below👇A select few will be chosen for our initial launch and announcement! 🚀
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#inedibleX
Base contracts launched, fixing up some last frontend things, farming scheme ready to go, making sure a token or two is ready on launch, let's take over the chain.
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.
@INEDIBLE_Token
graphics are SO much better
5/ And what about MEV protection? 👊
MEV is one of the biggest issues facing onchain swapping today.
With UniswapX, MEV that would be left on the table and captured by an arbitrage transaction is instead returned to swappers through improved prices 💰
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Emphasis on looking for
#inedibleX
to be just a couple weeks til beta. This isn't some crazy DeFi project but a fork with a couple key improvements--similar to how Sushi started.
Apologies to all the messages I've missed! Been a crazy week. Hopefully within a couple weeks
#inedibleX
beta will have launched and things can calm down again with a new team
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Calling it now: shortly after Uni V4 starts becoming widely used there's gonna be a popular hook that isn't buggy itself but introduces an unforeseen attack vector resulting in a simultaneous vulnerability in 3-8 decently-sized protocols
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Hmmm damn, already thinking about
#inedibleX
V2...even after liquidity is unlocked deployers should only be able to withdraw X% per week
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I believe where holders can really capture value is launchpad fees. A token being launched on
#inedibleX
must pay 1% of its supply to the treasury. This will make
#INEDIBLE
essentially an index of all past and future tokens launched through
#inedibleX
.
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Holy shit...
@aave
is voting to lower our bounty reward from $65k to $50k without any public knowledge about what the exploit was because they don't like that I notified the DAO I would be asking for a bonus (which I thought was perfectly okay to do)
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For teams looking to launch soon: launching on both
#inedibleX
and Uniswap together will get you more volume from arbitrage than launching on either alone. We've taken the time to adjust our product to make sure teams launching have the best experience possible!
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There's something beautiful about the simplicity of x * y = k. Concentrated liquidity is great, but for tokens just starting up I don't think the efficiency is worth having sophisticated LPers sniping your fees.
Very excited for
#inedibleX
to allow withdrawing fees from locked…
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With how many messages I get from people who lost their life savings from clicking the wrong link, I think we might just fork a browser wallet and only let it interact with inedibleX and ease lol
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People have said
#inedibleX
@inedible_token
tokenomics should share or burn dex fees instead of giving users airdrops. I say: ¿Por qué no los dos?
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.
@Inedible_Token
has a bit of a launch today so we're gonna wait til tomorrow around noon to make
#inedibleX
launches public so as to not cannibalize the news too much.
After launch tomorrow we'll be having a spaces with
@Yourpop8
@stekisteks
and
@henokcrypto
to talk about the…
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Wow, awesome feedback from the
#inedibleX
bug bounty already! Very thankful to the hunters checking out the code and making some adjustments today
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Fun idea for better liquidity on
#inedibleX
"initial dex offerings": people stake Ether that's used to match with tokens, anyone can borrow the Ether uncollateralized to create a pool.
On
#inedibleX
only tokens bought on the exchange can be sold on there, so there's no way the…
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Damn, looking at
#inedibleX
now after a month of insane development...we managed to solve so many problems in such a clean manner. Excited for another crazy week coming up!
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If a protocol has bugs to the point where it legitimately doesn't work, demand the team behind it do full audits/bounties before launching any other contracts. And hold them accountable if they continue to allow people to use the protocol after learning about the bugs.
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We will not be making a new token.
#INEDIBLE
on Eth will be what profits from all trades
#inedibleX
Base makes fees on. 50% of the dex fees will be bridged back to Eth and used to buyback and burn
@inedible_token
, making Inedible an Eth token that benefits from Base trading.
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Probably woulda been better to wait to launch
@Inedible_Token
's
#inedibleX
until we had tokens lined up but we wanted to get it out quick! Got good things lined up for this week though. Initial development is done so now it's full focus on really proving the concept
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