# There is no rug...I love you

By [Cake Hat World Order](https://paragraph.com/@cakehatdeployer) · 2023-07-29

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I feel compelled to clarify my intentions to everyone following criticism from some prominent members of our community regarding my project, Cake Hat World Order. I assure you that my intentions were never driven by profit or any form of deception. My primary goal was to bolster Remilia's brand recognition through compelling viral memetics and a groundbreaking approach to the financialization of NFTs based on Bonkler.

I've been an avid supporter of Milady since its early days when the floor price was quite low. My persistent promotion may well be the reason you first heard about Milady. I consider my relationship with the Remilia ecosystem as both spiritually and financially synergistic, offering it unwavering support.

When Bonkler was launched, I was taken aback by the ingenious system that Charlie had developed. The concept of an Ethereum-backed NFT was unprecedented and offered a novel way to maintain liquidity for projects, thereby supporting the floor price of assets. This is akin to the method NFTX employed for Milady, a strategy stemming from Charlie's foresight about NFTfi and the eventual implications of royalty termination.

For all derivatives of Milady, it's expected that projects contribute back to the ecosystem via floor sweeps and NFT staking. This ensures that these derivatives align with Remilia's goals - their profits from trading fees are contingent on their steadfast support for Milady.

However, I noticed that this traditional method of re-infusing capital into Milady primarily benefits only the floor assets, leaving holders of higher-priced traits and rarer assets out in the cold.

With this in mind, I conceived the idea of the Cake Hat Liquidity Protocol, a project inspired by Bonkler. My aim was to provide financial support for my beloved trait, thus reducing the risk of holding it due to the liquidity backing it.

My initial strategy was to use the mint funds to support trait-specific bids & loans on Blur, thus boosting the floor price of Cake Hat and making it a safer hold. My vision was for Cake Hats to become the most valuable Remilia asset through trait-specific liquidity backing, offering a new solution to the problem I described above.

On the art front, the limited availability of the Cake Hat Milady trait (only 65 exist) posed a challenge to its viral potential. Hence, I sought to create more accessible Cake Hat Miladys. Drawing parallels to the strategy Bitcoin Miladys used, I aimed to create a less expensive alternative that could reach a wider audience and establish Cake Hats as an indomitable presence in our community.

These concepts formed the core of the Cake Hat World Order. I wanted Cake Hats to be accessible to all and to become Remilia's most valuable asset.

Unfortunately, the unwarranted criticism from several prominent figures without a genuine attempt to understand my goals was disheartening. I've been a committed supporter of Milady since its inception, when it was largely overlooked. I hope this clarifies my objectives.

Let me reiterate - my actions were never to grift Milady.

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*Originally published on [Cake Hat World Order](https://paragraph.com/@cakehatdeployer/there-is-no-rug-i-love-you)*