DeFi

Haha, in February of 2020 I launched ponzi.finance, which had some people playing with it early on, but was mostly dead. Out of nowhere, about a month ago, someone dropped some 0.11 ETH in, presumably to try to extract the remaining funds sitting in it, and just now someone dropped over 10 ETH, presumably to extract the other funds 😄

Looks like the fun tug of war game that I envisioned all those years ago is finally happening. Some pretty crazy maneuvers are possible, and now with $25k in the pot, we'll see what happens.

Haha, in February of 2020 I launched ponzi.finance, which had some people playing with it early on, but was mostly dead. Out of nowhere, about a month ago, someone dropped some 0.11 ETH in, presumably to try to extract the remaining funds sitting in it, and just now someone dropped over 10 ETH, presumably to extract the other funds 😄

Looks like the fun tug of war game that I envisioned all those years ago is finally happening. Some pretty crazy maneuvers are possible, and now with $25k in the pot, we'll see what happens.
https://etherscan.io/address/0xEB82AE50FA5b15FFc2699143b3da1B524127853B

ponzi.finance update: Looks like the person who deposited a month ago got spooked and exited, but they entered with 0.11 ETH and walked away with 0.18 ETH, so good for them 🎉 I haven't done the math yet but the big 10 ETH deposit might be stuck now unless they do some tricky maneuvering. 🍿

ponzi.finance final update, the latest player managed to drain the pool perfectly, leaving exactly 0 ETH in the protocol 😄  well done. I wonder if I should throw more in to bait some new players, or just consider this a fun an completed experiment 😁

Make the deposit, overshoot the interest, calculate the difference, and at the exact same time, deposit the difference from a new account while withdrawing, and hope no other active players front run your withdrawal.

The first player made out a lot better than player 2. They could be the same person, but player 2 might have legitimately fallen for the bait from player 1 because player 2 didn't really get much of a payout, assuming player 3 is controlled by player 2, which is almost certainly the case (due to the perfect calculation of the withdrawal).

so what’s the proper way to fully extract the liquidity?