All-
First let us say thank you for your continued patience and support while we get ready for Winlambo V2! We made some good progress today on debugging the root cause of the issue with the initial launch!
The main source of the issue on launch was the sheer amount of volume, combined with a low max tx amount.
The max tx amount was set low so that everyone can get started on equal ground. This helped us get a diverse group of strong holders!
As you may know with these RFI-based projects, the contract collects rewards as people buy, sell, and transfer tokens.
Then at a certain threshold, the contract sells these rewards in order to add liquidity, fill up the lambo fund, etc.
Due to the high volume at launch, our contract collected so many rewards that selling them would cause massive slippage (over 49%).
And when you (users) go to buy or sell on pancakeswap, the max amount of slippage you’re allowed to set is 49%.
Therefore, users were unable to sell.
So how do we solve this?
There are some solutions that we’ve been exploring today that look promising:
- Make the contract cash out its rewards on buys and sells, instead of on just sells, that way the rewards don’t get backed up.
- Make the contract cash out its rewards on every tx, instead of after a certain threshold is reached, that way the rewards don’t get backed up.
- Increase the max transaction amount and the threshold at which the contract cashes out its rewards.
- Allow the multisig to manually trigger the contract to cash out its rewards in case it gets backed up (this is for emergencies).
We may end up doing a combination of these as we continue to test buys/sells with different amounts and volume, and see what works and what doesn’t.
Another problem we found was that the contract would sell all of its rewards at once if it is backed up, instead of the max tx amount that is allowed. That is what caused the big contract dump.
In hindsight, that was good for us since we can relaunch cleanly with all the funds that the contract collected from that sell.
However, we will be changing this so that it only sells the max tx amount, instead of the entire rewards, in V2.
We are working overtime to get this pushed out as fast as possible.
It will be sometime this week. We will give you at least 1 day’s notice before we launch V2 so that you can get ready for it and ask us any questions that you may have!
Special thanks to devs @dodgydoge & @whiskeyfud so far for helping us bounce ideas and think through things.
If any devs in the community have some ideas on what’s been mentioned above don’t hesitate to reach out!
Special, special thanks to our amazing community for the continued support!
We will be updating you regularly as we make progress!
❤ Winlambo Team
