NORMIES × NFTX V4

Why a pool

Normies is a floor of humans and a long tail of everything else: 107 cats, 59 aliens, 42 agents, 21 zombies, and 1,311 canvas transforms that no longer look like their mint. All of it trades one listing at a time, and the floor is whatever the last screenshot said it was.

An NFTX V4 pool turns the floor into a token. Put a Normie in the vault and you get 1 NORMIE, an ERC-20 backed one-to-one by a Normie sitting in the Locker. Hand a NORMIE back and you take a floor Normie out. Both directions are free. The token trades against ETH in a Uniswap V4 pool, so a sale never waits for a buyer, and the floor becomes a number the whole chain can read.

Everything above the floor gets a second door: a liquid listing. You name a price as a multiple of floor, take 1 NORMIE now, and collect the premium when it fills.

If you hold Normies

Sell at floor, now

Deposit a floor human, get 1 NORMIE, sell it into the pool for ETH. One transaction through the NFTX zap, a 0.9% swap fee, no listing, no waiting. The pool quotes one price for every floor Normie, so the floor stops being a screenshot.

List the ones that aren't floor

Cats, aliens, agents, zombies and levelled-up canvases are worth more than one NORMIE. A liquid listing lets you say how much more. List a cat at 4.3× and you receive 1 NORMIE the moment you list (minus the tax), then 3.3 NORMIE when someone fills it. The tax is prepaid in NORMIE and refunded pro-rata if you cancel: 0.10 NORMIE for a 7-day listing at 4.3×, 0.44 at 11.2×. Overprice it and the tax bleeds while nothing sells. When a listing expires it slides toward floor in a Dutch auction, so nothing gets stranded.

rarity.normies.art already publishes a fair value per Normie. Dividing it by the type floor gives you a starting multiple.

Trade up

Because listings are priced in floor multiples, you can pay for a rare one with floor tokens. Four NORMIE plus a little ETH fills a 4.3× cat in one transaction. No selling three humans, waiting, then bidding.

Swap floor for floor

The Locker's swap is a free one-for-one: hand in a floor Normie, take any other floor Normie out, gas only. For most collections that is a curiosity. For Normies it is the pixel market's back door, which the pixel section comes back to.

If you hold ETH

The people who make a pool work are the ones who put ETH next to NORMIE. NFTX V4 pays them in three ways.

• Swap fees. Every ETH ↔ NORMIE trade pays 0.9% to the pool's liquidity providers, the ordinary Uniswap way.
• Listing tax. Every prepaid listing fee is donated into the pool with Uniswap V4's donate(), so LPs claim it exactly like swap fees. NFTX calls this exogenous yield: revenue from pricing, not just from volume.
• Gacha vig, later. When gacha leaves testnet, stocking a machine with floor Normies earns the 20% house edge. Today it is a Sepolia rehearsal.

You don't need Normies to take part. NFTX's liquidity flow takes one token and a tick range, so an ETH-only position below the current price is a standing bid: it fills as people sell into the floor and you end up holding NORMIE, which is to say Normies, at a discount you chose. Pairing ETH with NORMIE across the current price earns fees from both directions.

The contracts are non-custodial and non-upgradeable. Fees route through the NFTX V4 hook into the pool; no treasury sits between the trader and the LP.

The pixel market

This is where Normies stops being like other collections. Burning a Normie turns 1–4% of its pixels into action points on a Normie you keep, and 10 action points is a level. Today action points are locked to one Normie. Pixel Market, which the Lab lists as coming soon, will make them tradable between people. A pool gives that market its reference price for free.

The pool prices pixels

A floor Normie costs 1 NORMIE, 0.33 ETH at today's floor. At mint, half of all Normies had 491 pixels or more and roll 2–4% when burned; the other half roll 1–4%. A median 493-pixel Normie is worth about 15 action points in expectation, so the pool implies a burn cost of roughly 0.02–0.03 ETH per action point. Once action points trade, that is the ceiling: if they trade higher, someone buys floor, burns, and sells the points. The pool becomes the mint for pixels, and burning becomes the pool's exit.

The pool sees Normies, burners see pixels

The vault treats every floor Normie as 1 NORMIE. A burner doesn't. A 491-pixel human is expected to give 20% more points than a 490-pixel one, and redeem and swap both take the token ID you ask for. So the fattest Normies leave the vault first, and the floor token slowly comes to mean the leanest floor. That isn't a flaw, it's a price signal: if you're depositing a high-pixel human, list it at 1.1–1.3× instead of dropping it in at floor. The tax there is cheap (0.0144 NORMIE for 7 days at 1.2×), and the pixel market can arbitrate the difference in public.

Supply only goes down

2,704 Normies are already gone. Every redeem-to-burn removes one NORMIE and one Normie from the pool at the same time, which keeps the backing exact but thins the book. A pool where burns outrun deposits drains toward the last floor humans; that is the collection working as designed, and LPs should know it going in.

Arena, later

Arena will move pixels between Normies by force. The pool doesn't care who owns which pixels, but a liquid floor is where losers refill and winners cash out, so the two systems feed each other. Arena is coming soon; treat this as a sketch.

Trade-offs

None of this is free. These are the ones worth arguing about before anyone calls a contract.

What has to happen first

1. Serc whitelists the NFTX V4 Locker and Listings contracts on the Normies transfer validator, so the preflight stops saying erc721c-blocked.
2. NFTX launches Normies through the WhiteGlove gate and seeds the NORMIE/ETH pool on both sides.
3. Holders deposit floor humans and list everything else at a multiple; ETH holders add liquidity or post ETH-only bids below the price.
4. When Pixel Market opens, action points already have a price: the pool's floor divided by the expected roll.