SHILL Issue 115

SOLANA NFT/DEFI/TWITTER ECOSYSTEM 

7 Deadly Sins 

Meowpooo 

bejoe 

paper_hands_NFT 

UndeadGenesis 

mr_tldr 

#115 

◎0.25 

BoDoggos 

skribrnetwork 

whirltools 

mr_tldr 

Pineapples 

kemos4be 

& MUCH more

FROM THE EDITOR 

Under the Umbrella 

James Photo 

BeJOE 

Whirltools 

Pineapples 

UndeadGenesis 

Lending Models 

7 Deadly Sins 

Bull Run 

Creative Corner 

BoDoggos 

Hawksnest 

ATHs?

ISSUE 

115 

BlockFramez

Issue 115, let it fly! It's July, 2023! 

Your support via likes & retweets helps #SHILLzine reach a broader audience. It has helped this magazine achieve 762,041 

views across 113 issues (previous week = 757,642). Looking forward to those weeks where we were reaching 8-10k views! 

Pixeltoy 

Transitory Mask - Creep

SolCity Radio is the hub for all those who create and appreciate art, 

providing entertainment and educational content while actively 

uniting communities under one umbrella. 

Feature hour w/ SUBI 

Join us for a conversation about 

the connection between 

neuroscience & art, how our brain 

functionality is affected by the 

creative process & beauty 

perception over the years in 

relation to art. 

Another great episode of Heart & 

Hustle! This week we discussed 

about adult diapers, making 

friends for profit, and the one 

thing all successful web3 artists 

have in common.

@sol_nxxn 

4940 followers 

Nothing is going as we are planning it, and it’s great. 

Great to experience a range of emotions, great to 

learn useful lessons from that. 

When you are moving in the right direction - it will be 

hard and sometimes scary. 

But the most important thing is to keep moving. 

@RyderLeeNFT 

7559 followers 

It’s funny to me when aspiring twitter users 

hoping to gain audience alienate a portion of, 

or the entirety of, the community they were 

born from- 

Also shows a lot about their character and 

integrity

Magnum AI 

Shredded Apes 

Sol Patrol

Leaving a Legacy of Kindness 

BrittHoffman128 

If you have listened to Sol City Radio’s Rise Before Grind morning show, then you have definitely met or shall we 

say, heard this modern-day Lorax. 

Before RBG, he was introduced to Solana through Goku on the GM Show where he was inspired to build a photography 

space on Solana. 

Through this inspiration, he began morning photography spaces with JOM and it was there he met Patrick Mulligan, 

Jairinho, and Neverland. 

James became a co-founder of Sol City Radio alongside these other amazing photographers in the space, where 

together they provide a fun environment for independent artists to network and get educated on Solana. 

Darkroom to Digital 

James has had 20 years of photography experience under his martial arts belt. 

Not everyone can say they began shooting on actual film and processed and developed in the darkroom, but 

that’s not the only experience James has. 

“I began shooting digital photography and started capturing portraits, weddings, newborns, sports, concerts, and 

various life events. 

While I love client work, my fine art photography is centered around inspiring others through my imagery and 

12 SHILL Issue #115

storytelling.” 

He goes on to explain that he would like his photography 

“to inspire others through his imagery and storytelling”. 

“I love to create art; I want to use my platforms to help 

other artists as well as spread environmental conservation. 

I have also helped use my platforms to inspire and spread 

environmental conservation. 

I started #NFTCLEANUPDAY a global trash pick-up initiative, 

literally convincing the NFT community to remove 

trash from our waterways.” 

Art Is Life 

Love, inspiration, and imagination are what fuel James to 

continue his work. 

His passion for the Earth and others is tremendous and 

easy to see. 

He’ll rise past any wave that comes his way to go out of his 

way and help others. 

“I’ve felt the deepest pains and felt the inspiration other 

artists gave me in those darkest moments, and if I can give 

that to someone else through my art, I’m a success.”

Bodega Bay 

In true James form, his newest collection will drop as an 

inspiration for other artists to create through three concepts. 

“1. Sculling the waves to survive the art markets 

2. Doing today what others won’t do, so you can have 

what others won’t have 

3. Living in balance with the ecosystem.” 

The 3 pieces, Portside (pictured left), The Privateer, and 

Catch of the Day (pictured above) have already been minted 

Catch of the Day has already been sold but the other two 

remaining pieces will remain open to offers up until the 

drop day of May 23, 2023. 

To learn more about each piece catch the drop party 

hosted by Photography on Solana on 5/23 at 2 PM CT (click 

here to listen) 

Leaving a Legacy of Kindness 

There is no doubt James has love for the Solana community 

and has always treated everyone with kindness and 

respect, except possibly Neverland. 

He chose to leave a legacy in which his kids and grandkids 

could benefit from his art but unknowingly found a family 

in Solana and is creating a legacy of kindness. 

I’ll end this with the following from James: 

“Be kind to yourself, be kind to others, be kind to earth 

protect our waterways and when you go outside to touch 

some grass, make sure to pick up a little bit of trash, because, 

without Earth, there is no Art.”

paper_hands_NFT 

BeJoe is a telltale story of the come up, the stoicism of the outside world, the means of what eats us on the 

inside, and the desires that NFTs can fill on our own lives. Even though I am nothing close to a psychologist, let’s 

peel the layers of what goes on inside the realm of the BeJoe, and the tech, brand, and ideology that sparks 

these arrays of emotion. 

Before we begin, us teenagers have curated a free-99 mint of Paper Hands, so if your interested in reading our 

token-gated articles in the future and catching the latest alpha, all our info will be posted at the bottom. 

Project Overview 

Here’s all the information the BeJoe blank faces have revealed so far: 

• Endless runner whitelist game called Joe’s Escape (OUT NOW). 

• In-house art team bridging the edge from 2d and pixel art. 

• Detailed lore/brand alignment to Joe’s Gambit story and technology. 

A Summary 

Joe is an empty man. From the bottles, he drinks to 

numb his life, to his day-to-day routine. After a series 

of unfortunate in the first few live animated chapters, 

after his wife leaves him and he gets fired, he receives 

a series of cryptic notes. The only way is up for him as 

he, therefore, continues to explore these new sensations, 

out of the ordinary from the start. 

One of the Cryptic Notes 

Dealing with the uncertainty of diving into the gateway 

of change, or maintaining his normal life, after the 

pressures of life drop Joe to his feet, he has no choice 

but to go into the portal, leading to the first lore to 

technology congruence: Joe Escape. 

Joe Escape 

While other founders and WL fiends are average Joes, 

chatbotting with half-finished threads and mediocre 

fan-art, BeJoe does things differently with their WL 

system. 

Joe’s Escape is computer-only with thoughts of mobile 

play, WL progression game, where avoiding getting hit 

by objects 

in the 

portal void 

from the 

story while 

playing as 

pixel Joe, 

rewards 

points. It’s 

simple, 

the longer 

you last, 

the better 

chance 

you have 

at winning. 

One can 

compare 

this similar 

to Dookie-dash 

by Bored 

Ape Yacht 

Club. It’s a refresher, especially for young degens like 

myself. 

The Team 

After hearing Solana’s equivalent of Batman and Robin 

with Wing and Sandman (can’t forget the rest of the 

team), there’s a lot going for BeJoe’s backing. From 


Wing currently working with MagicEden under business 

development, to Sandman working under countless tech 

studios, and working alongside the stretch from the game 

to the rest of the project’s development, they are yin and 

yang in our eyes. 

Talking to Wing about the degen meta a year ago to date, 

to seeing his determination a whole year later, shows his 

own character, resilience, and the high and low tides that 

shapes Wing as an outspoken founder, and what is needed 

to run an ambitious project under his team. Being friends 

with Wing, bias aside, Wing has what it takes, a strong arsenal, 

and tools/connections at every corner in the twisted 

universe of BeJoe. 

Conclusion 

Wing has been finicky about when to share and what to 

share at any given moment. BeJoe is the perfect in-between 

of being mysterious and transparent through beating 

deadlines, thriving against the norms of Solana, while 

giving a refreshing taste to the rinse and repeat of founder 

values and creativity entirely so far. 

DM’S scheduling our Paper Podcast interview. 

With surprise pre-sales, a skill-based WL game, and community 

challenges, we can’t wait to see what the power 

of Solana and Web3 can have on stories and technologies 

at the same time. Although the mind, soul, and Joe’s facial 

embodiment is in the journey to fulfillment, we hope you 

were fulfilled on this adventure on everything to know 

about BeJoe as of now! 

Find out more: 

https://twitter.com/paper_hands_NFT 

https://twitter.com/BeJoeNFT

@mr_tldr 

@whirltools 

Twitter: @whirltools 

What is Whirltools and what do they do? 

@whirltools is a B2B utility project that does rev sharing for holders. The project is founded by @daddydegennft 

who is also the lead developer. 

@daddydegennft has 8 years in web2 development and turned full time web3 since 2021. 

@whirltools is extremely transparent with their holders with their internal works and even shares their WIP with 

the public. 

Quote Tweet 

WhirlTools 

@whirltools 

The Whirltools Bulletin is now live Here you will be able to see Current work Work progress Upcoming tools 

for Whirltools & More http://bulletin.whirltools.io 

Users can also check their overall performance up to date, their work “heat map” and their expenses. Currently, 

they are giving out close to 1 SOL per NFT weekly to their holders. 


Quote Tweet 

WhirlTools @whirltools 

It’s been a bit since we’ve shown our dashboard on 

Twitter... Our total revenue is now 28084 SOL. So far, in 3 

days, each holder gets .71 SOL. 4 days remain till payout. 

Here’s a couple of tools that I want to highlight that I think 

is interesting Whirlswap Whirlswap is a P2P NFT swap tool 

that has the functionality of cross-chain NFT swapping. For 

example, users can swap their Cyrptopunks or BAYC for 

SMBs or MadLads. You name it. 

WL Application Hub and Collaboration Bot This is a seamless 

WL distribution tool that allows project founders to 

instantly approve or reject WL request applications. Pairing 

it with the collab bot, approved projects automatically 

receive the WL spost in their server. 

Discord Security Bot Project founders can utilize this security 

bot to protect their discord from being attacked by 

bad actors. This bot is fully controllable on their dashboard 

upon adding it to the server. The bot helps prevent antinuker, 

spam bot prevention, and more. 

What does holding an Whirltool PFP grant you? 

1. Revenue Share 

What are some of the tools that they provide to projects? 

- Collaboration Bot 

- Whirlswap 

– NFT and Token Airdrop 

- P2P NFT Lending 

- NFT Sender 

- Metadata Updater 

- Wallet & Portfolio Tracker 

- WL Application Hub 

- Discord Security Bots 

- Raffles 

@whirltools is a project that many sleep on. Not only do 

they provide tools for B2B services, but they are also a 

web3 development company that other projects can contract 

them for. 

They can develop on any blockchain, Ethereum, Polygon, 

Solana. The team can handle it.

I’ve found out the project back in May with their FP in the 

range of 30 - 40 SOL. Now they’re sitting comfortably on 

3 digits, hence I had to cover the project. Just a friendly 

reminder that beyond all the hype going on, there are 

projects silently building. 

Kudos to such an all-rounded team, providing quality tools 

and services and even high quality, PFP-able art. 

Whirltools Official Links 

Secondary: https://tensor.trade/trade/whirltools… 

Whitepaper: https://whirltools.gitbook.io/whitepaperv1/ 

Bulletin: https://bulletin.whirltools.io 

Dashboard: https://dashboard.whirltools.io

@KEMOS4BE 

Bored Apes are just Medieval Pineapples: 

On one of his many voyages, Christopher Columbus 

returned with a ripe batch of the aromatic fruit, which 

was adored by nobility for its regal ‘crown.’ King Ferdinand 

of Spain received the first, and only, pineapple 

that did not rot during the journey. 

The Origin Story 

Today, the pineapple is an abundant fruit — available 

at nearly every grocery store for just a few dollars. But 

over 3 centuries ago, they were revered as one of the 

greatest status symbols in all western culture. 

The taste was so sweet and beloved, that it kicked off 

a period of FOMO lasting for nearly 300 years. At the 

time, the taste of sugar was rare in Europe — only 

found in honey & other, lesser fruits. But nothing as 

syrupy sweet as a perfect pineapple. 

Scarcity 

Word spread quickly across the medieval court, and 

they were soon desired by everyone of status. But 

transporting pineapples across the ocean was risky, 

as you needed the fastest ships and ideal weather for 

them to arrive unspoiled. 

SHILL Issue #115 

21

Massive demand, scarcity, & status — the pineapple 

became expensive, costing upwards of $10,000 each in 

today’s terms. The taste, the perishability, and exclusivity 

all contributed to its value. 

Social Contagion 

Its status bled into the culture. People began signaling 

their wealth by displaying pineapples on their balconies 

and carving them into stone facades. The less wealthy 

rented them for parties; with each pineapple attending 

dozens before being consumed. 

At-Home Cultivation 

Demand was so overwhelming that royalty commissioned 

botanists & gardeners to find ways to grow it locally. This 

led to the Dutch invention of the hothouse, where the 

warmth & humidity made it possible to create a climate 

that a pineapple could grow in. 

The obsession found its way into all human creative 

endeavors — from painting, to pottery and architecture. 

Pineapples inspired fake castles, new methods of agriculture, 

& more. Leaps & bounds of technological advancements, 

in service of syrupy greed. 

In these hothouses, pineapples were surrounded by oak 

bark to help insulate them & decomposing horse manure 

to increase the temperature. Royalty from across the continent 

would send their gardeners to the Netherlands to 

learn this hothouse technique. 

This led to not just the royalty class, but the upper class 

having more accessibility to the fruit as it became possible 

to grow at home. Then in 1733, the King of France was 

presented with perfect pineapples from his very own garden. 

For centuries, they remained a luxury.

Sunken Status But during the 20th century, their appeal waned. The advent of steam ships allowed the fruit to be imported 

in greater quantities, and due to widespread availability, they no longer signaled status. 

Techniques such as canning and advances made in shipping & food preservation reached such an extent that pineapples 

could now be purchased by the common folk. 

The nobility class simply moved on to other things to distinguish themselves from the masses — like Bored Apes.

Not because they’re interested in blockchain or the ethos 

of decentralization, but rather, because Bored Apes are socalled 

‘scarce’ symbols of status — just like the pineapple. 

At the time of writing this, none of the above celebrities 

use their Ape as their PFP on Twitter. 

They’re no longer actually “scarce” — among the NFT asset 

class, they are 10k of hundreds of millions. Yuga owns 

the IP & could dilute them at any point in time — just like 

Beanie Babies. 

However, this is much less likely than the existential threat 

of irrelevance. 

Bored Apes 

The Modern Pineapple In medieval Europe this yellow 

fruit was brand new and exciting — a scarce and hard to 

acquire status symbol; a signal of wealth and achievement. 

In modernity — we have cartoon apes which serve the 

same role. 

The modern nobility, all had to have one: • Tom Brady 

• Madonna • Bieber • Jimmy Fallon • Post Malone • Kevin 

Hart • Paris Hilton • Snoop • Steph Curry • Steve Aoki • 

Mark Cuban • Timbaland • Shaq • Logan Paul • Future • DJ 

Khaled • Eminem & more 

Bored Apes are only scarce until they lose: • Scarcity — 

there are millions of NFTs • Value — they’ve lost $361k 

from the top • Cultural significance — celebs stopped 

donning them & the average person considers them cringe 

• Style — skinny jeans, they’re out. 

Additionally, BAYC was one of the largest NFT beneficiaries 

of the newly printed monetary supply in 2021. What 

does this mean? When COVID-19 hit, the FED substantially 

increased the money supply. Paired with low interest rates, 

this meant people were entirely at risk. 

The BAYC floor price was likely artificially inflated due to 

the capital-centralizing nature what is called the ‘Cantillion 

Effect’: • New asset class (NFTs) • Newly printed money 

• Low interest rates Since that time, the landscape has 

changed dramatically.

classic album. 1/1 art is like art before it — subjective, but 

eternal value. Bored Apes have become a cultural product. 

What happens when the culture shifts? 

• There is a near-infinite supply of high-quality NFT projects 

& innovations. • Interest rates are high. • The appetite 

for the infamous poster child of NFTs is lower. • The general 

population’s consensus is that BAYC = NFTs, and wow do 

they hate NFTs. 

This thread was co-authored by @SlorgoftheSlugs 

In the attention economy, with an ever-inflating number 

of NFT projects, the ability for people to pay attention to 

any one project decreases. This means that the identity 

that people choose is likely to be the one that is the most 

attention worthy. 

Identity is fickle. What was “in” two years ago, isn’t anymore. 

This applies to every area of our communicated 

identities: Fashion, music, vehicles, interior design, graphic 

design, and so on. Some things are lindy — a jean jacket, 

Converse, a walnut dining table. 

This begs the question — are Bored Apes? Will their status 

remain forever? Crypto Punks have provenance; they’re a

Anonymous Ghost

Anonymous Ghost

mySpaceship

mySpaceship

Beverly Kills

Beverly Kills

aodao

aodao

@mr_tldr 

Latest updates of @UndeadGenesis. 

So what’s new with @UndeadGenesis? As we all know, 

Ordinals have been on a craze lately and we’re seeing 

more and more projects either migrate over or are 

starting a collection over at the orange chain and they 

all pretty much have the same mechanisms am I right? 

Quote Tweet 

“Here to STAY” 

RafaelUG @RafaelUndead 

UG ordinals will be a side collection and the team 

has made it very clear. To ease the headache of users 

having to learn how to mint or which wallet to use, @ 

UndeadGenesis will be minting all these UG Ordinals 

by themselves and it will be raffled out to their holders. 

Quote Tweet 

Undead Genesis @UndeadGenesis 

Get ready to shake things up. The UG Ordinals collection 

is about to hit. 

Not with @UndeadGenesis. Enter Orange is the new 

Black, they are minting an extremely limited collection 

on the BTC chain but with a twist. 

These UG Ordinals will be raffled not through $BTC or 

$SOL, but through their own SPL token, $ASHES. 

Wait but does that mean we’re losing another project 

to the BTC chain? Well, no, here’s what @RafaelUndead 

has to say. 


Mr. TLDR @mr_tldr 

Fundamental Analysis Series: A breaking down the 

project fundamentals of @UndeadGenesis Twitter: @ 

UndeadGenesis 

How would one participate in this Ordinals raffle? Here’s a 

TLDR 

1. Hold 10+ UG 

2. Prepare XXX $ASHES 

3. Await announcement Simple as that. 

Bonus: If you’re a holder of the 1/1 UG, you’re in for a 

treat, you’ll be GUARANTEED an extraordinary ordinal NFT. 

Don’t get priced out, it’s time to prepare for @Undead- 

Genesis Ordinals Mint. 

I’ve covered the fundamentals of @UndeadGenesis before. 

Read up before aping in. 

Quote Tweet

@0xGumshoe 

The next 6 months are the ones where you change your life Prepare yourself for the bull run: 

Capitulation 

We may be in the second half of the bear market, where folks leave because of how long they’ve been here losing 

money. This is where you ask yourself if you’re a quitter or a winner. 

Don’t Gamble 

Gambling is even worse than playing memecoins. You know you’re going to lose, yet you end up gambling anyway 

If this is you, STOP. 

Only Buy in the Red 

How many times here did you think it was bull run time & bought the top? There is always another opportunity 

to buy, and that should always be in the red. 


Protect your money 

If better, make new wallets, save the phrases and transfer your money there. There is absolutely no excuse for you to not 

secure your money at this point in the market. 

Understand that there will be unreal gains It feels impossible now, but many coins will pump for straight weeks with no 

time for dip buyers to turn in Mentally prepare yourself for this. 

Mentally prepare yourself for HODL 

We’re approaching the time when stacking coins will yield great returns in a few years It doesn’t look like there’s that 

much downside anymore, so if you’re holding good tokens maybe it doesn’t make sense to sell it 20%-30% lower. 

Journal your Thoughts & Investing Mindset 

Get a new journal and spend 1-2 minutes a day writing a summary of your day in crypto. You need to do this so that later 

you can detect behavioural patterns and help yourself out. 

stacking coins will 

yield great returns 

in a few years

its_brill_ 

The very best specialty grade and sustainably grown beans. 

Roasted with great care and attention. 

The most wonderful coffee experience at home or your favourite cafe. 

Quality. Service. Transparency. 

That's Brill.

1. @foxbyteNFT 

2. @Region79nft 

3. @TheStonedFrogs 

4. @fivedollarnft (Bit Dudes) 

5. @fivedollarnft (Dat Cats) 

1. @assetdash 

2. @ABC123Community 

3. @SolanaMBS 

4. @FamousFoxFed 

5. @SharkyFi

solbulletin

Gizmo Gazzette

Lowbrow Native & SaintMary_

Ariel Gricio

BenzArch

Birdbrains

DrRobo7

BlockFramez

BlockFramez

Gaizutis

Gaizutis

Haita

HB_Shape

Hoods

Hersoid

ISM

ecehaskan

Johnny Jordan

Keezerfeld

Las Meninas Galeria

Las Meninas Galeria

MEK

MEK

Las Meninas Galeria

Wetiko

Meowpooo

Merveli

NANiEKO

No Legs

PencilX

Pink Jenny

Red Rabbit Cult

Red Rabbit Cult

Red Rabbit Cult

Red Rabbit Cult

Red Rabbit Cult

Red Rabbit Cult

Red Rabbit Cult

SapoNFTz

ShoeGaze

Sue Anna joe

Suga Skies

Tattoofingers

Tiny Drawings

The Earth Travellers

Wilsen Way

niks

ugensart

scazaism

tanergrap

thejomshoots

Lok_Art

zadumki

zadumki

Kaleve_ 

The NFT lending market consists of two primary models: Peer-to-Peer and Peer-to-Pool. 

These are the two models most used by Ethereum and Solana NFT lending platforms. Understanding the differences 

between the two models is crucial if you want to use these platforms in a more strategic way. 

Each of them has its advantages and disadvantages. No one is better than the other, it’s not about that. It’s about 

using what best fits your lending/borrowing strategy. 

Peer-to-Peer 

Peer-to-peer lending is a simple concept to grasp. It involves one individual lending money to another individual, 

and the loan’s value is backed by a specific non-fungible token (NFT). 

The process can start with the Borrower. A person who holds an NFT desires a loan using their NFT as collateral. 

They secure their NFT by locking it in a smart contract and provide a message that outlines their preferred loan 

terms, which may include: 

1. Currency (such as SOL,ETH, USDC) 

2. Loan duration (usually 7, 14, 30 days) 

3. Interest rate (expressed as an annual percentage rate, % APY) 

4. Loan size (denominated in the base currency or as a percentage of the NFT’s value, loan-to-NFT value) 

Borrowers can browse through a catalog of lenders who are seeking loans and choose terms that suit their 

preferences. They also have the option to propose alternative terms that they deem appropriate considering the 

associated risk. Once both parties agree, the lenders lock their funds into the smart contract. The loan amount is 

then disbursed to the borrower, and the NFT is held in escrow within the smart contract until the loan is repaid. 

Managing defaults is relatively straightforward as well. If the borrower fails to repay the loan on the due date, 


the lender obtains ownership of the NFT. This concludes the transaction, and the lender can choose to sell the NFT to 

recover the loan amount. 

Here’s an example, on Citrus: 

If you had a Famous Fox worth 58.7 SOL, you could post the following loan ask: 

• For 14 days 

• At a 120% APY 

• For 47 SOL total (80% LTV) 

https://citrus.famousfoxes.com/borrow 

In this example, over 14 days, the borrower pays 1.44 SOL of interest and that is the lender’s profit. If on day 14, the borrower 

doesn’t pay back the loan, the lender gets the Famous Fox NFT, and as long as it’s still worth at least 47 SOL, the 

lender will leave without any loss. If Famous Fox drop below the value of the loan, say to 42 SOL, the borrower has little 

incentive to pay off the loan and will default, leaving the lender with a 5 SOL loss. 

https://dune.com/restuta/sharky-growth

https://dune.com/ennnas/sharkyfi 

The largest peer-to-peer lending platform on Solana today is Sharkyfi. 

Sharkyfi currently has over 25k+ active loans, and 332k+ SOL in Total value locked. 

A significant drawback of peer-to-peer lending marketplaces is the potential delay in receiving a loan since each loan 

is initiated on an individual basis. Evaluating the value of the NFT, negotiating terms, and other necessary processes 

require resources and time. 

Peer-to-Pool 

The peer-to-pool model introduces a departure from the direct connection between NFTs and their associated loans. 

In this model, lenders have the flexibility to deposit their desired funds into a centralized pool, without any specific loan 

allocation. Borrowers can access this pool at any time and repay their loans as per their convenience. The loan parameters, 

including interest rates and available borrowing amounts, are determined by market dynamics. These factors are influenced 

by the value of the NFTs at that moment and the total funds deposited by lenders. Typically, loan-to-value ratios 

(LTVs) in peer-to-pool models range from 30% to 40%, although they can vary based on the protocol’s risk approach. 

When more NFT owners seek to borrow from the pool, the interest rate offered increases according to predefined rules 

specified in smart contracts. This mechanism helps regulate the pace of new borrowing. Conversely, if a substantial 

number of lenders contribute funds to the pool, borrowing becomes cheaper. This approach resembles other pool-based 

decentralized finance (DeFi) lending models like Aave or Compound, treating NFTs as if they were fungible tokens. 

The peer-to-pool model presents various advantages and disadvantages compared to peer-to-peer lending. 

One significant advantage is that accessing capital becomes much easier and faster for borrowers. They can obtain funds 

without the need for approval, counteroffers, or negotiations. The borrowing process relies on market pricing determined 

by supply and demand, as well as asset valuation based on NFT floor prices. This borrower-centric aspect makes 

peer-to-pool lending highly favorable since borrowers can borrow at their convenience without constraints. 

However, the situation for lenders differs from peer-to-peer lending. In this model, lenders effectively provide loans 

against the entire pool of NFTs being borrowed. Consequently, default risk is accumulated at the protocol level. On some 

Ethereum protocols, for example, lenders no longer have the ability to choose whether their funds are backed by specific 

NFTs like Bored Apes, Azukis, or Doodles. Instead, they bear the risk associated with all borrowers who have borrowed or 

will borrow from the pool. As a result, assessing risk becomes significantly challenging for lenders. 

On Solana we have the Frakt protocol, they have a Perpetual Loans + Peer-to-Pool system. Lenders can choose the specific 

pool to which they want to fund/deposit their SOL amount, so lenders can allocate their funds to the collections they 

trust the most.

https://www.frakt.xyz/lend 

On Frakt pools, the collection with the highest deposit yield at that moment is Boryoku Dragonz, with an 11% APR. 

The Borrowing rate for each collection is dynamic and is based on the amount of liquidity available in the associated isolated 

lending pool : 

High liquidity and low utilization rate = Low borrowing interest rate 

Low liquidity and high utilization rate = High borrowing interest rate 

Conclusion 

There are two primary competing models today presenting very different opportunities for borrowers and lenders alike: 

Peer-to-Peer, and Peer-to-Pool 

Peer-to-Peer lending involves individual loans backed by specific NFTs, offering borrowers and lenders flexibility and 

relatively low risk. 

Peer-to-Pool lending breaks the direct connection between NFTs and loans, allowing lenders to deposit funds into a central/specific 

pool that borrowers can tap into as needed. 

Peer-to-Pool lending models present different risks but have the advantage of providing continuous access to funds for 

borrowers. 

If the borrower fails to repay the 

loan on the due date, the lender 

obtains ownership of the NFT.

Meowpooo 

The Haunted corridor of Envy 

Rumors says that this corridor was created from the darkest depths of human envy, a physical manifestation of 

the wraiths that haunted the hearts of those consumed by jealousy. 


Many brave folks made an effort to move across the hallway. Some were driven to madness by the wraiths, leaving them 

stuck for all time. Others, consumed by their own desires, fell victim to the corridor’s illusions, imprisoned to its ethereal 

walls forever. 

The Goblin of Greed 

The embodiment of the sin of greed preying upon unsuspecting humans. His cunning eyes were always on the lookout 

for a victim, someone who possessed something of value that he wants. 

Watch out! For the Goblin of Greed has no mercy and will do anything to satisfy its insatiable need for money and power.

The Devil King of Pride 

There’s sinister being known as the Devil King of Pride. 

Among the seven deadly sins, he reigned supreme, his 

heart is filled with a malevolent arrogance. In his eyes, all 

were insignificant, their existence a plaything for his sadistic 

pleasure. 

To be his enemy was to be condemned to a fate worse 

than death, trapped in a never-ending nightmare of suffering. 

The Wrath of the Abyssal 

Wrath once wreaked havoc across realms, leaving destruction 

all over the place. To restrain its volatile nature, 

ancient guardians banished Wrath into a desolate abyss 

Sealed and imprisoned, yet it’s influence still lingers, consuming 

all inner fury, tempting those desperate for power 

to unlock its prison and unleash its wrath once again.

Gluttony’s Monstrous Feast 

In a forgotten town, there lived a terrifying being known 

as Gluttony. People who crossed paths with Gluttony were 

lured by the mouthwatering scents from his cooking. They 

couldn’t resist and ventured into his lair, with the promise 

of eternal feast 

But their pleasure came at a horrifying price. Gluttony’s 

stomach-mouth opened wide, devouring them one by one, 

leaving only screams behind. 

The Desolated Grasp of Sloth 

Sloth, an enemy that slowly gnaws and conceal. 

An aimless dance of futile pleasure dwells in the depths of 

abyss where lethargy reins, a point where purpose vanishes 

and all goal is gone. As sloth’s grasp tightens, hopes and 

dreams get imprisoned-crumbled to dust. For the inertia 

develops a sluggish mentality, a spirit adrift with no aim to 

pursue. The world advances at a rapid rate, but idleness 

confines us with nothingness.

The Groping Deception of Lust 

Lust dances in a realm where beauty enchants its spell, whispering secrets to seduce. A tale of injustice emerges from 

ancient times, a cautionary fiction about the repercussions of misguided trust and the deadly force of untamed desire. 

Tainted innocence by the thirst of momentary pleasure. Lust triumphs over immaculateness-altering gaze into the poisonous 

stare. A once-desired beauty has become a curse; blinding people with the sin of lechery.

Skribrnetwork 

About BoDoggos 

BoDoggos is a PFP collection by influencer & Youtuber 

EasyEatsBodega and his team from the Nifty.com, a 

media company with a premiere NFT collection, Nifty 

Portal, on Ethereum. 

Easy hosts 2 shows every week day (Twitter Spaces), 

the GM GM Market Talk at 8 am EST & Web 3 Made 

Easy at 5 pm EST, and welcomes more than 1000 

listeners daily. On his Youtube channel, Easy shares his 

views on the NFT & Crytpo markets and is close to 4K 

subscribers. 

The Nifty.com is a media company that hosts the NFT 

Morning Show every week day at 9 am EST and is 

available on Twitter Spaces, Youtube, Spotify & Apple 

Podcasts. The Nifty Portal NFT grants access to the 

member only area of the Nifty on discord. 

Allowlist & Mint 

Allowlist spots are (were) distributed through various 

ways: 

PRESALE: Hold a Nifty Portal. 1 Nifty Portal NFT = 1 WL 

spot for BoDoggos. Hold 10 Nifty Portals, mint up to 12 

Portalz. For each 10 BoDoggos minted, get 1 free. All 

Nifty Portals holder have a 1 week window (from June 

20th to 27th) to mint their BoDoggos NFT in presale, 

and have the possibility to pay in ETH before receiving 

their NFTs on mint day on the Solana address of their 

choice. 

different ways. Each day, a new claim code was 

released during the NFT Morning Show & on 

the BoDoggos twitter account. Users needed 

to collect either all of them or hold a certain 

set that would be advertised & rewarded on 

certain days 

FCFS MINTS: Collabs with partner projects for FCFS 

mint allowlist spots (AL2) 

Mint will take place on June 27th for around 80 USD. 

Final mint price in SOL & launchpad are still tbc. 

Utility 

Very little has been released yet about the future Utility 

of the BoDoggos NFTs, yet from EasyEatsBodega’s 

tweets & background, we already know the main axes 

on which BoDoggos will aim to build its “club”: 

CONTENT 

Bread & Butter of EasyEatsBodega & The Nifty.com 

team. As Easy states it, “give people something they 

enjoy & want more from”. 

COMMUNITY 

Easy aims to build a diverse community of holders 

from different backgrounds (Gaming, DeFi, content 

creators), different chains & different reach (smaller 

and bigger accounts). Goal: create a platform of innovators 

where a diversity of profiles can build, connect 

and share what they are building 

EXPERIENCE 

Allow holders to connect and share great emotional 

experiences, whether virtually or IRL 

IP 

A few hints have been tweeted by both Easy & Nick 

that the BoDoggos NFTs will be Digital Assets which 

the holders will be able to leverage & use, arguing the 

upside potential of an IP project is much higher than a 

tech project. 

GUARANTEED MINTS: there are 2 ways to get allowlist 

1 (AL1): 

• Content creation contests on Twitter 

• Gamified collection of a set of free NFTs on 

theNifty.com (custodial, gas free) through 


113

There is still very little that has been disclosed about the 

BoDoggos project ins & outs. However, I have been digging 

into both Easy’s & BoDoggos’ twitter feeds to identify 

some potential clues about the project. 

First, as a Founder, Easy is probably one of the most respected 

influencers in the Solana Ecosystem. He has been 

around for more than a year, active & hosting his show daily, 

during the peaks of the bull runs as well as in the depths 

of the bear market. I still remember with goosebumps the 

space Easy hosted on December 29th gathering most of 

the OG Solana Founders as Solana just marked $8. There’s 

one thing one can be convinced of, it is that Easy is deeply 

passionate about the Solana ecosystem and wants it to 

succeed over anything else. 

Although we do not know yet how this will take 

shape, Content will be at the core of the Value Proposition. 

In his own words, Content is utility. It is the most important 

lever that attracts new eyes to an NFT project (and to 

the space) and through which one can grow an audience. 

The content delivered by both Easy & the Nifty team has 

been top-notch so far. When looking at the Free NFTs on 

thenifty.com, you can clearly see the pieces of the puzzle 

tie together as one long and compelling storytelling red

thread. 

I’m now curious to discover how it evolves and how the 

team will leverage the diverse Community they are aiming 

to build to go to the next level. 

“Each dog will have its day” may (or may not) hint at future 

Content activations with the community members. 

Through his experience both as a host and a trader, Easy 

became very knowledgeable about the trends, metas & 

expectations of NFT collectors. I wouldn’t be surprised if a 

lot of Gamification happens around the BoDoggos, giving 

good enough reasons to NFT holders to “chase collecting” 

multiple BoDoggos to build “completed sets”, as they already 

did to allocate allowlist spots via their free claimable 

NFTs. 

Plus, they first hinted that there would be different breeds 

& countless traits, yet they just revealed that they would 

stick to one breed for the launch. I wouldn’t be surprised if 

the collection is bound to evolve overtime to keep collectors 

interested and excited. 

Talking about the Art, I must admit I was hoping for something 

more detailed after Easy’s OG PFP as well as all the 

art pieces they have been dropping as free claimable NFTs. 

It turns out that for now, the team decided to go for a 

rather “cute, simple, recognizable” version of the dog. I 

was very much excited by the possibility to have different 

breeds in the collection, and now fear that overall the 

collection might lack differentiation for holders to find 

their grails (digital identity, sense of uniqueness), yet my 

appreciation is mostly based on the sneak-peek video that 

was just released, so still very limited. Looking forward to 

mint day to discover the rest of the furs & traits to make a 

final judgement. 

When it comes to Utility, a lot has been hinted around 

Content Creation, Community (member only, club) & 

Experiences (virtual & physical). Adding to that, some free 

NFTs from thenift.com were created to advertise their 

Partners with original content; I wouldn’t be surprised if 

one of their main products (ie source of income), as part 

of a media company, is to actually revisit advertising, the 

web3 way. 

However, nothing has been formally explicited yet. I will 

leave this one open & update once we get more details. 

Finally, will I mint? The answer is obviously a yes. 

Respected by most of Solana and an inspiration to many, 

there’s little doubt Easy will receive massive support from 

the ecosystem while at the same time onboarding hundreds 

or thousands of ETH NFT collectors to Solana. 

For what it’s worth, I do believe Easy has a genuine conviction 

in the Solana NFT space and the role Content Creation 

can have to onboard & engage new users. The Free 

NFTs campaign on its own was a very disruptive, innovative 

and efficient way to onboard & engage daily with the 

growing community, and the amount of effort & creativity 

they have injected into this art pieces is quite unmatched. 

As a result, the numbers speak for themselves: many free 

NFTs available on thenifty.com have been claimed by more 

than 10K accounts, a few of them even by more than 20K. 

It is undoubtedly one of the most awaited mints of the 

year. 

His ambitions are clear and unfiltered, Easy wants to create 

a Household name for the Dogs, and even if we do not 

know yet all the project details, he will keep on grinding as 

hard as he has been for the last year to reach his goals.

WITH SENTIENTSHAPES 

Welcome back dear Reader…lovely to have you here frolicking in the meadows of 

literary device together. We again run into sisters with this week’s poetic device–2 

quite interesting and inquisitive little buggers closely related to the rhetorical 

question. Aporia and Hypophora are 2 different types of questions the Writer can 

use in their work to help the Reader see the meaning behind their piece. 

Hypophora is when the Writer asks a question and provides the answer 

immediately after instead of implying that the Reader knows the answer like a 

rhetorical question does. Hypophora allows the Writer to answer the question the 

exact way intended, Aporia leaves it up to the Reader quite a bit more! Of course 

a skillful Writer can play with Aporia and still get the Reader to think exactly the 

way they want them to by surrounding the Aporia with other signs and clues as to 

what the question is really getting at. Aporia in philosophical terms is a paradox, 

when used in literature we can see that Aporia represents the questions we ask 

that make us uncomfortable, or that we may feel doubt in. Aporia’s use of “not 

answering the question”, or answering it in a roundabout way can make 

uncomfortable visceral feelings within the Reader when delivered just right. 

1/4


Aporia beckons to our little emo heart-strings to face our self-questioning with 

timid remonstrance. Hypophora’s strength on the other hand comes from its 

intense and demanding answer of the question, not allowing the Reader even a 

moment of thought before the question is answered for them. Which line of 

questioning do you see as more powerful in literature? Hypophora is a bit more 

dramatic and in your face, “How do I love thee? Let me count the 

ways…”(Sonnet #43, Elizabeth Browning, 1850) Her demonstrance indicates to the 

Reader that this love the Writer claims will not even be broken by Death’s 

embrace. 

BOTH ARE UNIQUELY POWERFUL IN THEIR OWN WAYS…HOW WILL YOU USE THESE LITERARY SISTERS IN YOUR WORK? 

Personas 

Poetry by Sentientshapes 

2/4

Let’s practice! 


Step 1: Start at the beginning and get your notebook and black ink pen, your 

Notes App works just fine too! Choose a topic for your piece that you’d like to 

write about, it can be anything…keep it simple! My topic will be water. 

Step 2: Time for the best step of the bunch! The Madlib section of the poem is 

where you can brainstorm your ideas and words you want to use. Have fun with 

it like you used to fill in those word blanks when you were a kid! Here I go: Water 

is precious, water is golden. We cannot live without, when you trash it you should 

be scolded. Quit putting chemicals in the shit, there’s still no clean drinking water in 

Flint! 

Step 3: Begin to draft your poem using grammar and structure. Every poet has a 

different style and structure that they will be more comfortable writing in. Don’t 

make it hard on yourself, choose a style that can be easily constructed. This week 

I’ll be using my favorite structure, Free Verse! I’m going to add to my normal 

structure this week a constraint, this poem will be a Dizain–a 10 line poem. Choose 

what makes you feel good and just go with the flow! 

Step 4: Time for the ending! Don’t forget–this week we’re practicing with sisters 

Hypophora and Aporia, try to sprinkle those devices into your poem this week. 

Remember, this is a first draft so you can always make edits later. 

3/4


Here I go: 

You’ll Be Thirsty One Day 

Don’t you know water is precious? 

When you speak to it its molecules are affected. 

Can’t see that you’re a little demented? 

Throwing trash in waterways onto fish heads– 

more than a little demented, it’s twisted. 

Like we get more than one earth just to live with? 

I’m sorry did you miss this? 

That part in class, where this is the only universe with the gas… 

Oxygen? Our literal breaths? 

But you still just won’t quit making trash. 

Can’t wait to see how you use questions in your poems this 

week! Send them to 

until next time… 

4/4

@Hawksnest_sol 

Hawksnest is growing, collecting art, & trading more each day. We wanted to highlight how our community functions 

& let everyone know how you can join or participate. Let’s get into it! 

1. Our DAO functions using 3 main councils, and 2 multi-sig wallets. The Councils are: 

1. Wallet Council 2. Degen Trading Council 3. Art Council We will explain each in the following tweets. 

Wallet Council 

Currently 27 total members. To join, someone simply asks to join, & is approved by the existing Wallet Council. 

Our discord is open & free, & anyone is welcome to join and ask. 

Degen Trading Council 

This Council has 5 total seats that are re-elected at the end of Q2 & Q4 of each year by the Wallet Council. You 

do not need to be on Wallet Council to run, & our current Degen Council includes a member not from our Wallet 

Council. 

Art Council 

This Council has 3 total seats that are re-elected at the end of Q2 & Q4 of each year by the Wallet Council. Again, 

there is no need to be a part of our Wallet Council to run. 


The members of our Art & Degen Trading Councils control 2 multi-sig wallets that hold all assets/capital for our DAO. 

Each council can approve initiatives with majority & are the key members driving our community forward. 

Below is a list of our current council members: 

Art Council: 

@Tainaker @0xKirk @BattleNicholos 

Degen Trading Council 

@Jimmythegreek99 @Illumin0tti @Sunset__SOL @0xBenii 

@RickSingla001 

Our Art Council focuses on collecting art, supporting 

artists, & driving forward any art focused initiative for our 

DAO. We have purchased art, ran art competitions, paid 

commissions, etc... Below are a 2 pieces we recently collected 

by @theZK__ & @Meowpooo.

Funding 

So how do we fund all of this? We have never had a mint, 

we have never sold anything, & our community is open 

and free. As of now we run 100% on donations & contributions 

from our community. 

Since March of 2022 we have slowly & organically developed 

our community of members with a focus in simply 

enjoying Web 3, bringing about positive change to the 

Solana ecosystem, and lifting each other up. We hope you 

choose to join along in our journey. 

Our Degen Trading Council focuses on anything related to 

Generative NFTs. Trading, WL, etc. Recently they led a push 

for our DAO to land 20 WL spots on the @MeegosNFT 

Meeboard. Our most recent purchase is the below cute @ 

BoDoggosNFT.

0xGumshoe 

November marks two years of bear market. It has not been an easy two years for crypto in general, particularly 

for Solana and its community who suffered from constant FUD, misinformation and the FTX collapse. So far, 2023 

has been a year of recovery, rebuilding and investment. 

Although the future looks good, will it translate into a $SOL all-time-high in the next bull cycle? 

Is FTX still a cloud upon Solana’s growth? 

We’re almost a year into the collapse of the second-biggest crypto exchange at the time, and although many 

Crypto community members, influencers and analysts discard Solana due to what happened to FTX, the Solana 

ecosystem does not share the same opinion. The ecosystem continues to move forward with more than 1,000 

developers at the forefront of blockchain innovation on all fronts, from Exchanges and trading to decentralised 

physical infrastructure networks. 

Daily Active Addresses 

Solana has shown resilience over the first 6 months of 2023, averaging 300K daily active addresses. Solana is on 

par with Ethereum and Polygon’s active addresses, and slightly below Bitcoin’s average numbers. It is important 

to note that the FTX crash happened at the end of 2022, and data suggests that the Solana user base did not 

decrease as it was expected. 


123

DEX Volume 

DEX Volume on Solana is at the same levels Year-over-Year, averaging over $1B monthly volume since January 2023. 

Apart from December, Monthly volume did not slow down since the FTX collapse. 

Narratives 

Artificial Intelligence 

The Solana Foundation is actively paving the way for Artificial Intelligence (AI) advancements. Notably, Solana Labs has 

introduced a ChatGPT Plugin that enhances user interaction by enabling functions such as checking wallet balances, 

token transfers, and NFT purchases. 

To further promote the fusion of blockchain development on Solana with AI, the Solana Foundation has established an AI 

Grants Program with a $10 million fund. This initiative aims to encourage experimentation in this intersection, and within 

the first week, the program received the response of over 50 applications. Additionally, the foundation has created a 

three-month accelerator program tailored for university students, emphasizing the exploration and experimentation of 

blockchain and AI technologies. 

Gaming 

Solana has emerged as a leading blockchain platform for gaming, thanks to its advanced technology and robust infrastructure. 

Its scalability is a standout feature, enabling the processing of numerous transactions per second with minimal 

delay. Leveraging the Proof of History (PoH) and Proof of Stake (PoS) consensus mechanisms, Solana ensures swift and 

seamless gameplay experiences by handling thousands of transactions simultaneously. 

Another notable advantage of Solana is its low transaction fees, making it highly cost-effective for in-game transactions 

such as item trading and asset transfers. This affordability promotes active player engagement and stimulates economic 

activities within the gaming ecosystem.

DePIN 

Many analysts and thinkers argue that DePIN will play a vital role in the future of Blockchain Technology. Due to its infrastructural 

and technical advantages, several DePIN projects are building on top of the Solana network. 

Hivemapper, Helium, Render and Teleport are some of the projects building decentralised physical infrastructure networks. 

DePIN can be applied to several infrastructure systems, such as energy grids, transportation networks, and water systems. 

By decentralising the infrastructure, these networks can increase resilience, reduce the risk of catastrophic failures, 

and improve efficiency by reducing the need for long-distance transportation of resources. 

DEX Trading 

One of the main narratives for Solana has been the decentralised trading, due to Solana’s low transaction fees and 

speed. Platforms like Orca provide users with a user-friendly place for swapping crypto and providing liquidity to the ecosystem. 

The perpetual trading narrative has been growing on Solana with the growth of Drift Protocol and Zeta Markets. 

The ecosystem is now waiting for the launch of CUBE, a trading platform which claims a 40x improvement in performance 

when compared to the current market. 

NFT DeFi 

NFT DeFi is one of the newest narratives to accelerate on Solana. Innovation in the NFT space has led to a new class of 

investment: NFT Lending and Borrowing. Platforms like Sharky, Citrus, Frakt and Rain are leading the race and fighting 

for marketshare. The NFT Lending space has grown so much that it is drawing liquidity from NFT Trading as many users 

prefer lending Solana or borrowing against their NFTs, than trading. 

Conclusion 

Will Solana hit All-Time-Highs ever again? We don’t know, however, during an aggressive bear market, Solana continues 

to push innovation across the crypto ecosystem and has a vast user base. Many analysts argue that fundamentals precede 

price which may be what’s happening to Solana.

LINK

Seb on Solana 

Seb on Solana Twitter Daily Updates

VISIT

Red Rabbit Cult

SHILL Issue 115

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?