In Episode 9 of TCMW, Dr Nick and Marsh Frost discuss one of the most common yet least nuanced negative Crypto events, a Rug Pull.
Dr Nick will provide a framework on how to think about Rug Pulls and how to avoid them. Or if you absolutely positively have to buy the meme token, what you are looking for in a Project so you can better anticipate what style of Rug pull may be on the horizon.
The Show:
What is a Rug pull?
What are the types of Rug pulls?
*Most Basic Rug* - The exit scam
*The Classic Rug* - LP tokens yanked
*The Token Rug* - Dumped supply
*The Slow Rug* - Bleed out the value slowly by dumping supply or removing LPs.
*The Sly Rug* - We’ve been “hacked”
*The Pump and Rug* - Liquid supply on launch, pumped through a low float AMM.
*The Insider Rug* - The supply is actually cornered by insiders and the only way is down.
*The Algorithmic Rug* - Automate the rug stack and deploy relentlessly.
*The Rug Sandwich* - The sandwich attack
*The Dust Rug* - You have been dust attacked with Tornado ETH
*The Bacon Rug* - You are X hops away from tornado cash you are rugged.
*The DAO Rug* - You invested in a DAO and they have decided you are unworthy of your tokens e.g. Merit Circle
*The Vapour Rug* - It’s all whitepaper and dreams and that’s it. The insiders know this and get out before you.
*The Inu Rug* - Elon has tweeted and it’s time to buy the meme coin.
*The Wrapped Token Rug* - You’re happily playing around on a chain using ether which is not ether. The bridge is rugged.
*The Rebase Rug* - You’re inflated away to zero, one way or another.
“Everything that can be rugged, will be rugged”
News:
Musk’s Twitter Reforms Could ‘Damage The Blue Check's Anti-Scam Role’: Ethereum Founder Vitalik Buterin - Decrypt
Referenced information and further reading:
Dr Nick's Thread on Uni Swap Rug Pulls
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