Wanted to clarify the unnecessary FUD
1/
Our treasury wallets were distributed into 15 wallets on March 8 – a week before Virtuals approached us with the Genesis plan, while we were still running our own launchpad
The idea with the distribution was to diversify tokens into multiple wallets to minimize cybersecurity risk – if all treasury tokens are held in one wallet and that wallet is hacked, then we are doomed
All 15 wallets are doxxed, onchain and can be easily found
2/
Back in late March, whilst agreeing on the deal with Virtuals, we informed them about the USD expenses we incurred developing & auditing the launchpad infrastructure
As a reminder, we built the primitive functioning version of Genesis back in Q1 2025 and struck a partnership with Virtuals
nitter.app/VaderResearch/status/1…
And as part of the deal, they told us that we could use our wallets to participate in Genesis deals as part of the 5% so we could cover our expenses through the deal proceeds – we thought this was a fair deal
Although the treasury wallets could have received 40%-50% of the 5% Virgen Points allocation, we capped it at ~20% to share more with
$VADER stakers
We got into the first deal H0lly (Apr 18) from a few wallets; then sold our positions as agreed. We did the same for a few more deals up to Rwai.They were financially terrible decisions because we sold at the bottom (Wint, Bios, etc.). Then we realized jeeting asap was a terrible lose-lose idea.
a) financially doesn’t make sense because we should target one 5000x
b) if Genesis does well, Vader will do well due to demand for Virgen Points
c) dev wallets farming points to instantly sell will kill the ecosystem
Starting end of April – we stopped selling and only HODLED
We capped our allocation to 2-3 wallets. These wallets were subject to jeet jail like any other wallets.
We could have gotten into the deals from 10-15 wallets if we wanted to max extract like other dev farm wallets (check
@tD_0101 and
@H2Masha who have done excessive onchain work on dev farm wallets)
We thought of ourselves as a value add to projects because we are diamond hand until 5000x and support them on their way up.
We round tripped and held onto everything all the way down since starting with Rwai – protecting our Virgenity proudly all the way down.
Except for one deal recently –
$ROOM because of the sus founder (we made $4.5k profit in total from that deal)
Everything is onchain and traceable
3/
May 24 – We stopped receiving any points to the treasury wallets from the 5% and shared it all with the Vader Stakers
nitter.app/VaderResearch/status/1…
Even though points allocations were promised to treasury wallets due to the deal we had with Virtuals, we decided to sacrifice on those benefits to make sure Genesis is fair across all projects.
Since then the legacy Vader treasury wallets only got some points from DAB but none from the 5% Vader portion – which is why the treasury allocations since May 25 got smaller
June 9 – we started sharing 4% with Vader Stakers and 1% with Vader Yappers
4/
The treasury wallets were shown on the staking leaderboard on the website when they were still receiving Virgen Points. They were not shown on the website starting May 24 when they stopped receiving points.
Staking leaderboard was removed 12 days ago from the website and was replaced with the airdrop section
nitter.app/VaderResearch/status/1…
We then added the Yapping leaderboard and didn’t see the point of having 2 leaderboards on the UI as it would confuse users
It has nothing to do with
@everythingempty’s post 2 days ago
Anyone can check onchain and Dune to find the treasury wallets
(continued — pls check pt 2)