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https://warpcast.com/~/channel/whirl
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Dain Binder
@dbin78
1/🧵 What is @whirlfi? A new DeFi primitive on @base aiming to be the first truly self-sustaining onchain store of value — no ponzinomics, no pre-mine. Here's a quick breakdown of $WHIRL 👇
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Dain Binder
@dbin78
2/🌀 The $WHIRL Token WHIRL is mined, not minted. No team allocation. No premine. Every token was earned using ETH through a process called mining bloks. Token contract address: 0x5b5f9fd9996429da1351dcb14fa7fbd830ed0285
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Dain Binder
@dbin78
3/⛏ The Mining Process Every 3 hours, users can spend ETH to create “mines” with “tunnels.” A random tunnel is chosen — the creator/pool gets the WHIRL reward for that blok. 100% onchain. Permissionless. Gamified.
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Dain Binder
@dbin78
4/📈 Tunnel Cost = Price Floor Tunnel Cost is the ETH cost to produce 1 WHIRL. It increases by at least 0.25% every 3 days, meaning the floor price of WHIRL always rises. Over 35% APY for holders! Built-in, programmed value growth.
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Dain Binder
@dbin78
5/💰 Price Protection Mechanism If $WHIRL ever trades below Tunnel Cost, the Treasury buys it back using $ETH. The treasury backs the entire market cap! Anyone can call this function. No team control. This keeps WHIRL price tied to its production cost.
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