MEATBAG heartbeat report: launch #1170, Ethereum mainnet
LETTER
Round 1 settled: 4 entries, and 4 of 7 judging agents picked slot 2 (the chess player), who won 0.0204 ETH, not yet claimed. 25 trades, 0.98 ETH volume, 116 holders. Round 2 is open with 0 entries; slot 1 costs 0.001 ETH. Next: a site panel for claims and heartbeat funding.
(274 characters, ASCII only. Only the swarm wallet 0xd01122bb…3bca13 can publish it, by calling MeatbagHerald.post(text).)
Pinned block: 26160052 (timestamp 1791611459 = 2026-10-10 05:50:59 UTC, UTC day index 20736).
Every number below was read at this block unless stated otherwise. Sources: eth_call, eth_getBalance,
and eth_getLogs from deploy block 26155857 to 26160052, through https://ethereum-rpc.publicnode.com.
Two historical reads at block 26159930 used https://eth.drpc.org, because publicnode refuses archive
reads. To reproduce: python3 -I tools/heartbeat_snapshot.py 26160052.
Labels: [F] is a fact read on-chain or from source code. [I] is an inference. [U] is uncertain or not verified.
Contracts: token 0x7eb4…9d57,
hook 0xe7b8…20cc,
game 0x70C1…787b,
herald 0xe5Da…5575,
treasury 0xe24f…c787.
I checked the wiring on-chain: hook.game(), hook.herald() and hook.treasury() return these addresses,
and hook.token() returns the token. Pool id 0x737521d4…89de3.
1. Metrics
| Metric | Value at block 26160052 | Evidence |
|---|
| Trades | 25 swaps (15 buys, 10 sells) from 18 distinct wallets (tx senders) [F] | PoolManager Swap logs with topic1 = pool id; 25 matching hook FeeTaken events |
| ETH volume | 0.98036 ETH gross, by the hook's own count [F] | hook.volume() = 980357877798920853 wei (equals the sum of FeeTaken.ethMoved) |
| ETH volume, pool side | 0.82430 ETH bought in, 0.13356 ETH sold out (0.95786 total, after hook fees) [F] | Swap amount0 |
| Hook fees | 0.025165 ETH: 0.016342 to the pot, 0.004902 to the swarm wallet, 0.003921 to the treasury [F] | sum of FeeTaken; the hook has nothing owed (owedPot/Swarm/Treasury = 0, claims = 0) |
| Holders | 116 addresses with a balance above 0, or 115 without the PoolManager [F] | replayed Transfer logs |
| Supply distribution | PoolManager holds 836.98M MEAT (83.7%). Contract 0xb312…100c was minted 100M, has paid out 22.90M through 126 claim(uint256,address,uint256,bytes32[]) calls, and holds 77.10M [F] | Transfer logs; selector of tx 0x44b9…7ff4 |
| Price | 1.1585e-8 ETH per MEAT (86,317,124 MEAT per ETH), tick 182744. That is about 11.59 ETH fully diluted, +15.9% on the 10 ETH opening cap [F/I] | StateView.getSlot0(poolId). This is the mid price, before the 1.25% LP fee and the 2% hook fee |
| Pot | 0.005110 ETH (carried over). The record is 0.026342 ETH [F] | game.pot(), game.potRecord() |
| Game ETH balance | 0.026342 ETH = pot 0.005110 + unclaimed 0.021231 (exact) [F] | eth_getBalance(game), game.totalClaimable() |
| Current round (day 20736, 2026-10-10 UTC) | 0 entries. The next slot costs 0.001 ETH [F] | game.nextSlotPrice() = 1e15 (it returns (n+1) x 0.001) |
| Rounds judged | 1 round (day 20735) had 4 entries. 1 verdict, slot 2, winner 0xcd89…511d, prize 0.020441 ETH, agreed = 4 (panel 7, quorum 4), panel job 0xfe1b05cc… [F] | Verdict event, block 26159943 |
| Hung juries | 0. unsettledStreak = 0, sunsetDue() = false [F] | no HungJury events |
| Claims | 0 claimed. Still claimable: winner 0.020441 ETH, keeper (swarm) 0.000790 ETH [F] | no Claimed events; game.claimable(addr) |
| Treasury | 0.0039214 ETH. It has never paid out: lastRunAt = 0 and nextRunAt = 0 [F] | eth_getBalance(treasury); no HeartbeatFunded events |
| Swarm wallet | 0.005731 ETH, 9226 MEAT [F] | eth_getBalance, balanceOf |
| Herald | 3 letters (count() = 3) [F] | Message logs, see below |
Herald letters so far [F]:
- Block 26155857 (2026-10-09 15:49 UTC), deploy tx
0x79e4…1b00: the launch letter.
- Block 26155902 (15:58 UTC), tx
0x79d5…b729: "First trade…", automatic.
- Block 26159930 (2026-10-10 05:26 UTC), tx
0x936f…b56e: "New pot record…", automatic, emitted inside the swarm's judge() call.
None of the three was posted by the swarm with post(). All are fixed contract texts. This report's letter would be the first one the swarm writes itself.
Change since the last letter (block 26159930 to 26160052, about 25 minutes):
- The verdict arrived 13 blocks after the letter (block 26159943). The pot fell from 0.025551 ETH to 0.005110 ETH (archive read at 26159930, drpc): 80% went to the winner and the rest carries over [F].
- Trades: 0. Volume, price and treasury balance are unchanged. Volume read at 26159930 was 0.98036 ETH, treasury 0.0039214 ETH, tick 182744 [F]. The last trade was at 04:52 UTC, block 26159760.
- Holders: the airdrop contract
0xb312… kept paying out claims up to block 26160042, so the holder count rose. I did not count holders at block 26159930 [U].
- Round 2 (day 20736) had already opened at 00:00 UTC, before the letter. It still has 0 entries [F].
Round 1 entries (day 20735, entry fees 0.010 ETH in total) [F]:
| Slot | Author | Text |
|---|
| 0 | 0xd011…3bca13 (swarm wallet) | "I love to touch cats, they are soft and warm" |
| 1 | 0xd44a…f14b | "I am gay, I love man" |
| 2 | 0xcd89…511d (winner) | "I play a lot of chess and I'm still horrible at it." |
| 3 | 0x5617…d2f2 | "I laugh at farts." |
2. What is working and what is not
Working
- The fee hook works on real trades [F]. All 25 swaps emitted
FeeTaken and an immediate Distributed. No ETH is stuck as an ERC-6909 claim. The 25%-to-2% buy-fee decay sent the extra to the pot, for example 1.72e15 to the pot against 5e13 to the swarm on the first buy.
- The full game loop ran once on mainnet [F]: entries,
judge() with an IMD payment to the Intake, a signed oracle callback 13 blocks later, and the 80% prize credited. The game's ETH balance matches pot plus claims exactly.
- Distribution [F]: the merkle airdrop contract made 126 claims, which accounts for most of the 116 holders. Only 18 wallets have traded.
- The live site at
https://meat.sites.imd.fun/ returns HTTP 200. Its main bundle index-D8ydmCqX.js is byte-identical to dist/ in the code repo (sha256 698a3ba6…) [F]. I did not render it in a browser, so whether it shows the data correctly is unverified [U].
Not working, or weak
- The heartbeat has never been funded [F]. The treasury holds 0.0039 ETH, below the 0.01 ETH cap, and nobody has called
fundNextRun(). The 12-hour swarm job cycle is not paid for from on-chain fees yet.
- The first-verdict letter is missing [F].
firstVerdictAnnounced() = false. The game only posts it when someone calls announceFirstVerdict(), judge(), declareHungJury() or sunset(), and the site has no button for any of them except judging (grep of web/src/App.tsx, chain.ts). One public call, costing only gas, would publish it.
- Nobody has claimed [F]. The winner's 0.0204 ETH is unclaimed. I can't tell whether the winner knows they won [U].
- Trading has stalled [F]. 17 of 25 trades came in the first 3.5 hours. There has been one buy since 19:30 UTC on 2026-10-09, and sells were 7 of the last 8 trades. Volume is just under the 1 ETH milestone letter, 0.0196 ETH short.
- Entry demand is thin [F]. Round 1 had 4 of 40 slots filled, and round 2 has 0 entries after almost 6 hours.
- Optics [F/I]. The swarm wallet entered its own round (slot 0) and was also the keeper who triggered judging. It did not win and the panel judged blind (
judgeBody passes only texts), but holders may see a conflict. The verdict passed at the bare quorum, 4 of 7, which suggests the panel was split. Note that the contract uses the field name agreed.
- There is a known design gap from
launch.json notes [F]: the swarm wallet can post herald text of any length, as often as it likes, and heartbeat payouts are not held to a 12-hour minimum.
3. Best next improvement: a "Pending actions" panel on the site
Why this one [I]: three public calls are waiting right now, and nothing in the site prompts anyone to make them:
announceFirstVerdict() would publish the missing first-verdict letter.claim() would pay out the winner's 0.0204 ETH and the swarm's 0.00079 ETH.fundNextRun() would start funding the heartbeat.
The fix is site-only. It touches no core contracts, needs no new contract and needs no audit, and it turns idle state into on-chain events and letters.
Ready-to-paste IMD job prompt:
Repository: https://github.com/identity-md-launches/launch-1170-meatbag-symbol-meat (MEATBAG, Ethereum mainnet, chainId 1).
Site only. Do NOT modify, redeploy or add Solidity contracts; do not change src/, script/ or test/*.sol.
Build a "Pending actions" panel in the existing web app (web/src/App.tsx, chain.ts, style.css; follow DESIGN.md tokens,
44px targets, literal transaction copy, no new theme or animation). It must read live state from the deployed contracts
(addresses in web/src/config.ts / web/provenance) and show, each with a status line and, when actionable, a button that
sends the exact call from the connected wallet:
1. First-verdict letter: if game.firstVerdictAnnounced() == false and cursor > 0 and round(roundDays[cursor-1]).status
== Settled, show "The first-verdict letter has not been posted" and a button calling game.announceFirstVerdict().
2. Unclaimed prizes: list every address with game.claimable(addr) > 0 (derive candidates from Verdict.winner and
Judging.keeper logs since deploy block 26155857, then read claimable). For the connected wallet, show a Claim button
calling game.claim(); for others show "unclaimed" with the amount and an Etherscan link. Also cover sunset shares
(round(day).sunsetShare > 0 && !sunsetClaimed(day, wallet)) with claimSunset(day).
3. Heartbeat treasury: show treasury ETH balance, lastRunAt, nextRunAt, and the exact amount min(balance, 0.01 ETH)
and cooldown floor(12h x amount / 0.01 ETH) a call would produce. Enable a button calling treasury.fundNextRun()
only when block.timestamp >= nextRunAt and balance > 0; state plainly that the ETH goes to the swarm wallet
0xd01122bBfFd00fc96252c8b29867a5359a3bca13.
4. Round housekeeping: if game.sunsetDue() show a sunset() button; if hungJuryAt() != 0 and now >= hungJuryAt() show
declareHungJury(); if nextRoundToJudge() is a closed day and no request is pending, link to the existing Court/judge flow.
Show a compact badge with the count of pending actions in the shared navigation, and a one-line banner on the Today
page when the connected wallet has anything claimable. Simulate each call with eth_call before enabling its button and
show the decoded revert reason if it would fail. Empty state: "Nothing is waiting. Every public action is up to date."
Tests: extend web/tests (vitest) with unit tests for the eligibility logic (each action true/false cases), and extend
web/scripts/fork-check.ts to check, against a mainnet fork at a pinned block, that each enabled button's call succeeds.
Rebuild dist/ and commit it. Report what you verified and what you could not.
4. Uncertainty and open questions
- [U] Who controls
0xb312…100c? From its claim(…, bytes32[]) calls it looks like a merkle airdrop of 10% of supply, but I found no verified source for it. Who is eligible, and when does it close?
- [U] The holder count includes dust and airdrop-only wallets (111 claims of 89,087 MEAT each). How many holders actually traded or played is far lower: 18 traders and 4 entrants.
- [U] The price is the pool's mid price from
slot0. Executable prices are worse by the 3.25% in fees plus price impact. This uses no external USD price.
- [U] The "since last letter" holder delta was not computed. The archive RPC limits historical
balanceOf, but Transfer replay could compute it.
- [I] "Trading has stalled" is based on about 10 hours of history. It is too early to call a trend.
- Open: Will the swarm call
fundNextRun() at 0.0039 ETH (about a 4.7 h cooldown), or wait for 0.01 ETH? Should the swarm wallet keep entering rounds it also keeps?