I was really curious about this post by @Psycheout86, so I did some reading. Here's what I understood and hope it helps you too:
What's punkstrategy?
• It's a recently launched automated on-chain protocol designed to enhance liquidity and value accrual for CryptoPunks. It introduces a self-sustaining flywheel mechanism through its ERC-20 token, $PNKSTR.
- TLDR on how it works: Accumulated trading fees from $PNKSTR are used to buy floor Punks and relist them at 1.2x of the floor price. When these Punks are sold, 100% of the ETH proceeds are used to buy $PNKSTR and burn them.
- Now replace Punks with @AxieInfinity's Mystic Axies and $PNKSTR with something like $MYSTR and you get the idea.
- Bullish on Mystic Axies. But not only that, it could potentially launch a wave of the same flywheel for other NFTs on Ronin. Imagine Ronke NFTs & token flywheel just for fun.
But why is Uniswap v4 needed?
• V4 allows for customizable smart contracts called hooks for liquidity pools in @Ronin_Network's Katana Dex.
• Hooks enable the flywheel talked about here via customizable trading fees (not available in V3 which has fixed trading fees).
• But not only that, V4 also allows for dynamic fee adjustments during swaps, removal of fee restrictions, lower gas fees.
There's more but I won't bore you with the details. It's exciting though so go on read about it.
Been following punkstrategy and it's clear we need a mystic strategy.
Axie Mystics are the jewels in our ecosystem.
To execute that strategy we need Uniswap v4 on Ronin which is coming asap.
Technical limitations should not hinder innovative solutions
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