Playing the Yeet Meta-Game

Note: holding a full set of mintable articles gives holders the same benefits as holding a Bong Bear NFT or any of the rebases, or having a MEGA YEETED role in Discord. If you have either of the aforementioned, then you do NOT need to hold the articles.

Henlo Yeetard. If you can read this, congratulations. It appears you have recently learned how to read. Welcome to the world of written language, filled with alfa and psyops in equal measure.

There is a previous article that discusses two high level Yeeting strategies. Today, let’s explore one of the right-curve strategies you can use when playing Yeet.

u rn
u rn

Firstly, lets go over some of the mechanics of Yeet.

  • Players farm $YEET by making deposits (yeeting)

  • These rewards are distributed every epoch, which is 24 hours

  • These $YEET rewards are divided among players according to their Yeeting volume for the most recently elapsed epoch, pro-rata

This means that the absolute volume of players does not matter with regard to these $YEET rewards, what matters is each player’s relative volume to other players.

So what?

This means that each epoch, regardless of whether Yeeting volume is 10 $BERA or 10,000 $BERA, a pre-determined amount of $YEET will be emitted to players.

Let’s go through it with an example since your brains are smooth and devoid of wrinkles.

  • there are N $YEET tokens to be emitted this epoch (24 hours)

  • There have only been 3 players (yeetards) this epoch: Pemberton, Smokey, and Craig Wright

    • Pemberton yeeted X $BERA during the epoch

    • Smokey yeeted Y $BERA

    • Craig yeeted Z $BERA

  • The amount of $YEET they each receive in rewards is calculated as follows:

    • Pemberton’s rewards = X/(X+Y+Z)*N

    • Smokey’s rewards = Y/(X+Y+Z)*N

    • Craig’s rewards = Z/(X+Y+Z)*N

This is not the way calculations will be made in the smart contract, but they are made to the same effect (it works the same way as described above)

hnnnnngggggggg
hnnnnngggggggg

Bro, so what?

This means that if volume is low, then you can potentially win an outsized amount of $YEET by Yeeting some $BERA during an epoch where other players haven’t Yeeted heavily.

Gimme da loot

What can you do with this info?

A Highly Profitable Strategy™️ could be to watch the price of $YEET, and watch the Yeeting volume per epoch.

  • If the price of $YEET is $X

  • and there is N amount of $YEET to be emitted this epoch

You can do the math here and calculate whether making a sizeable yeet right at the end of the epoch could result in you gaining a large proportion of the N $YEET that is due to be distributed this epoch, and gain a much greater value in $YEET than what you have Yeeted in $BERA.

This would be akin to obtaining $YEET at a discount to market value, and capitalizing on a good arbitrage.

The meta meta-game

What if there are other right curvers who are also trying to use the same strategy? What if you all try make a yeet in the last possible block?

Do some try backrun yeets, while other try font-run? What would be the optimal strategy here? Is there one?

We can’t spoonfeed you everything. However, we are extremely interested to see how these meta-games play out.

Stay Yeeted.

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