https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht"> THIS IS NOT A FINANCIAL ADVICE https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht">

4h hours ago this account and tweet was posted
since then :
- Almost 2M$ in a contract
- 468 "holders"
- 500k$ volume on uniswap
-1258 followers

for what?
- no Website
- no GUI
- no Discord
- nobody knows what this is

a thread https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten"> https://twitter.com/eminencefi/status/1310628912339316736">https://twitter.com/eminencef...

What we found :
contract -> https://etherscan.io/address/0x5ade7ae8660293f2ebfcefaba91d141d72d221e8
-">https://etherscan.io/address/0... deployed by @iearnfinance deployer multisig
- the tweet was RT by @AndreCronjeTech so fueled the hype
- there& #39;s a bonded curve allowing to send DAI to get EMN tokens
- the curve seems very flat

math on the curve can be found here: #code">https://etherscan.io/address/0x16f6664c16bede5d70818654defef11769d40983 #code
I">https://etherscan.io/address/0... won& #39;t lie, I& #39;m too lazy to check it.

but as there are burn and mint possibilities, it seems that supply is elastic.

so dear degens, don& #39;t all-in thinking it& #39;s a super limited supply coin.

on the main contract we have funny stuff such as NPC and GM.

@bluekirbyfi posted a story on Instagram today about a Magic the Gathering YFI card.

my wild bet : it& #39;s something either related to @aavegotchi or a trading card NFT game based on the YFI universe

there are other contracts with "eAAVE" and "eYFI".
also with a mint possibility, maybe some game leveraging vaults to earn xp?

AAVE asset won& #39;t be around before Friday if governance vote for it. so it& #39;s definitely a bit early for eAAVE https://abs.twimg.com/emoji/v2/... draggable="false" alt="😅" title="Lächelndes Gesicht mit offenem Mund und Angstschweiß" aria-label="Emoji: Lächelndes Gesicht mit offenem Mund und Angstschweiß">

Now the degen part,
as I saw some scams message on telegram, It was kinda sure a fake EMN token will be minted and "listed" on @UniswapProtocol.

I took the degen decision to mint a small amount of EMN and add liquidity at the exact same price than the curve on uniswap

I was aiming at having it at a "placeholder" and not talk about it until the official project launches their stuff and add real liquidity.

Oh gosh, I was wrong...

Some bots are monitoring all Uniswap new pools, in a few seconds, my 2 ETH liquidity pool got a bunch of trades.

degen groups found the pool, shared it on /biz, and people checked that it was the "real" token.

remember I& #39;ve started with exactly the same price as the curve?

well the curve is kinda flat, uniswap with 2 ETH of liquidity? NOPE.

smart guys built in minutes scripts to "arbitrage" the uniswap price with the curve mint price.

we ended up with 500k volume and 1.8M$ in the contract

other actors added liquidity and now I& #39;m an https://abs.twimg.com/emoji/v2/... draggable="false" alt="🦐" title="Garnele" aria-label="Emoji: Garnele"> in the pool.

I want to remind y& #39;all that we have NO IDEA of what @eminencefi is or does...

just a casual day in DeFI...

disclaimer :
- I& #39;ve put small amounts in the curve
- I tried to remove liquidity but there& #39;s too much trading activity and tx fail
- I consider my money lost but I learn a lot on the degen side.
- please refrain from buying something nobody understands.

most important disclaimer :

I have no more info than you, completely navigating in the fog. feel free to share what you found!

Ok there& #39;s more info

EMN is an "in-game" currency?
you can use it to mint eCOIN (eYFI, eAAVE, eSNX...)
when you mint eCOINs you burn the EMN https://twitter.com/PapadGeo/status/1310713341812314116?s=20">https://twitter.com/PapadGeo/...

the "Game" seems largely based on this 2015 kickstarted project.

trading card game + crypto with coins as "teams" or "house"

= the great degen game of thrones L2 game. https://twitter.com/nicolagreco/status/1310714174595575808?s=20">https://twitter.com/nicolagre...

I "burned" my EMN and decided to mint eAAVE.

@bluekirbyfi the throne is mine. good luck with the eYFI house.

join us in eAAVE team https://abs.twimg.com/emoji/v2/... draggable="false" alt="👻" title="Geist" aria-label="Emoji: Geist">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👻" title="Geist" aria-label="Emoji: Geist">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">

there& #39;s another game asset : GIL

GIL can be converted into STR.

Gil is the famous currency in final fantasy games, STR = strength stat?

I dunno https://abs.twimg.com/emoji/v2/... draggable="false" alt="😂" title="Gesicht mit Freudentränen" aria-label="Emoji: Gesicht mit Freudentränen">

again disclamer :

I have no idea of what I& #39;m doing, be careful !

More info on the Kickstarter game from @IslandKiyo https://twitter.com/IslandKiyo/status/1310709943062888455?s=20">https://twitter.com/IslandKiy...