Shigeo Kageyama {🍄}

Cultivator @fungifyNFT

[Fungify {🍄} @FungifyNFT]

Fungify Pools is thrilled to announce support for the @KanpaiPandas NFT collection! 🐼💎🍄

Now, you can instantly access 60% of your Panda's value, allowing you to borrow up to ~$1900 in ETH or Stables 🙌

[Shigeo Kageyama {🍄} @0xMob100]

@cashtro @ZanZai74 @Web3gamed @Arcade_xyz @cryptopunks @yugalabs @FungifyNFT 10%APR and 30%APR are annualized rates. A 30 day 10%APR loan on Fungify equates to 0.83% paid.

Arcade makes you always pay as if you took the full duration of the loan. So if you negotiate a year long loan at 30% APR and only keep it out a month, you’re actually paying 360%APR

[Fungify {🍄} @FungifyNFT]

We’ve developed an approach to integrating ERC-404s into governance; it creates incentives to keep tokens under voluntary lock, and a race condition to do this as quickly as possible.

We are calling this approach ve404. Read the article at the end for a deep dive. 🧵👇

[Fungify {🍄} @FungifyNFT]

/1 Fungify Pools is now on Mainnet {🍄}.

It’s the first pooled lending protocol to support NFTs as first class assets — not just as collateral, but for lending and yield as well.

Lets dive in. 👇

[Shigeo Kageyama {🍄} @0xMob100]

@high_byte Why trust when you can verify.

[Shigeo Kageyama {🍄} @0xMob100]

@waitbutwhy Anything relating to food science and nutrition.

[Shigeo Kageyama {🍄} @0xMob100]

@MicahZoltu @0xdoug Keeping in mind that a single person is not the system: if the system produces a high murder rate, then yes.

[Shigeo Kageyama {🍄} @0xMob100]

@MicahZoltu @0xdoug I would argue that whoever designs the system’s incentives are primarily responsible for the behavior the system produces.

[obront | eth/acc @zachobront]

New Audit Report:
- Protocol: @FungifyNFT Pools
- Big Idea: Compound based lending market for NFTs
- Auditor Alpha: H-01 ("Interest isn't charged on accrued interest in ERC721 market, allowing attacker to earn free yield")

https://t.co/ATyvYbszsf

[Shigeo Kageyama {🍄} @0xMob100]

@functi0nZer0 I actually wear three different brands of otherwise identical black merino wool joggers.

[Shigeo Kageyama {🍄} @0xMob100]

@MaushishYadav @saxenism That’s like thinking samczsun is lying about finding a bug.

[Sipan V'artagnan ⚖️⚡️ @Hexen1337]

If you find a critical vulnerability in code audited by Hexens, we will pay 10K USD on top of your bug bounty.

We put our money where our mouth is.

We invite other audit firms to do the same.

🌀retweets welcomed

[Shigeo Kageyama {🍄} @0xMob100]

@Hexen1337 @dexbruce_eth @functi0nZer0 I believe he found an AAVE bug when taunted by Mark Zeller.

[Shigeo Kageyama {🍄} @0xMob100]

@Ace_da_Book @burstingbagel @FungifyNFT The protocol isn’t yet ossified. We encourage you to take part in governance if you have a vision for veNFTs.

[BurstingBagel 🥯 @burstingbagel]

1/ The days of holding NFTs that earn you 0 interest are over. Imagine if you could:

🌽 Earn interest on your NFTs
🎨 Borrow against your NFTs
📉 Short-sell NFTs
🏦 Leverage trade NFTs
☯️ Pair trade NFTs

@FungifyNFT is making it all happen with their pools product 🧵

[Shigeo Kageyama {🍄} @0xMob100]

@Subli_Defi @burstingbagel @FungifyNFT You can indeed redeem $NFT for deposited NFTs. The index is 1:1 backed.

[Shigeo Kageyama {🍄} @0xMob100]

@burstingbagel Most would lose, but the bigger question might be whether the few biggest winners would make the average profit positive.

[Shigeo Kageyama {🍄} @0xMob100]

@Alex_Core_ @FungifyNFT Jan 4th.

[BurstingBagel 🥯 @burstingbagel]

1/ When money rotates into NFTs again, I won't be stuck holding individual illiquid NFTs that earn me zero yield.

I'll be holding $NFT – an innovative ERC20 NFT index token developed by @FungifyNFT that passively earns me yield.

[Shigeo Kageyama {🍄} @0xMob100]

@jkramlich @MarmotRespecter The lack of conviction to mine would be recapitulated in your lack of conviction to hold.