ZEROisME @Denysalsabila - Twitter Profile

4 days ago

Next up for @pendle_fi's Robinhood expansion, after $NET, is $NUKE. Okay, but what even is it? Think of @nukesfun like this: It routes demand for NUKE into a treasury that steadily stacks exposure to Nano Nuclear Energy’s $NNE (listed on NASDAQ). The real twist is the mechanism. Most stock-token setups just grab treasury capital and market-buy tokenized shares from onchain pools. Works… until the pool is a puddle. If NNE is $18 on Nasdaq, but onchain there are only a couple thousand NNE tokens floating around, a protocol trying to deploy $100K will blow through the book and print an onchain price way above $18. That’s not “exposure”, that’s paying a premium (like what happened with AMC). NUKES is built to sidestep that. Rather than bidding up scarce NNE liquidity, the treasury aims to go OTC via an Authorized Participant that can mint fresh @RobinhoodCrypto NNE stock tokens. So rather than: Treasury → thin AMM → huge slippage It becomes: Treasury → Authorized Participant → newly minted NNE tokens. But where does the money come from? NUKE has two main entry points. You can buy NUKE normally on the market, or you can bond $USDG for newly issued NUKE that vests over five days (yes, this is similar to OHM). Buying NUKE mostly creates market demand. Bonding brings fresh capital into the treasury. This creates an interesting flywheel. - Imagine NUKE has $10 of treasury backing but trades at $50. - The protocol could offer bonds around $45. - The buyer gets NUKE cheaper than the market. Meanwhile, NUKES receives $45 of real capital in exchange for issuing a token that was previously backed by roughly $10. That speculative premium is now converted into treasury assets. Those assets can buy more NNE. More NNE can increase treasury backing. Higher backing can strengthen the NUKE story. Staking adds another layer. NUKE can be staked into rebasing sNUKE, with rewards compounding every eight hours. sNUKE then can be used on Pendle which adds more DeFi composability + liquidity. -- This is what makes nukes more compelling than yet another rebase token. It’s basically an attempt to reroute crypto speculation into a capital-formation engine that steadily accumulates a real-world asset. Right now, nukes could matter to the small on-chain NNE market pretty fast. But becoming meaningfully relevant to the actual Nasdaq-listed NNE shares would likely take tens, maybe hundreds, of millions. Still, that outcome isn’t out of the question if NUKE can stay alive long enough. NFA. DYOR.

Eli5defi's tweet photo. Next up for @pendle_fi's Robinhood expansion, after $NET, is $NUKE.

Okay, but what even is it?

Think of @nukesfun like this:

It routes demand for NUKE into a treasury that steadily stacks exposure to Nano Nuclear Energy’s $NNE (listed on NASDAQ).

The real twist is the mechanism.

Most stock-token setups just grab treasury capital and market-buy tokenized shares from onchain pools.

Works… until the pool is a puddle.

If NNE is $18 on Nasdaq, but onchain there are only a couple thousand NNE tokens floating around, a protocol trying to deploy $100K will blow through the book and print an onchain price way above $18.

That’s not “exposure”, that’s paying a premium (like what happened with AMC). NUKES is built to sidestep that.

Rather than bidding up scarce NNE liquidity, the treasury aims to go OTC via an Authorized Participant that can mint fresh @RobinhoodCrypto NNE stock tokens.

So rather than: Treasury → thin AMM → huge slippage

It becomes: Treasury → Authorized Participant → newly minted NNE tokens.

But where does the money come from?

NUKE has two main entry points.

You can buy NUKE normally on the market, or you can bond $USDG for newly issued NUKE that vests over five days (yes, this is similar to OHM).

Buying NUKE mostly creates market demand. Bonding brings fresh capital into the treasury. This creates an interesting flywheel.

- Imagine NUKE has $10 of treasury backing but trades at $50.
- The protocol could offer bonds around $45.
- The buyer gets NUKE cheaper than the market.

Meanwhile, NUKES receives $45 of real capital in exchange for issuing a token that was previously backed by roughly $10. That speculative premium is now converted into treasury assets.

Those assets can buy more NNE. More NNE can increase treasury backing. Higher backing can strengthen the NUKE story.

Staking adds another layer. NUKE can be staked into rebasing sNUKE, with rewards compounding every eight hours. sNUKE then can be used on Pendle which adds more DeFi composability + liquidity.

--

This is what makes nukes more compelling than yet another rebase token. It’s basically an attempt to reroute crypto speculation into a capital-formation engine that steadily accumulates a real-world asset.

Right now, nukes could matter to the small on-chain NNE market pretty fast. But becoming meaningfully relevant to the actual Nasdaq-listed NNE shares would likely take tens, maybe hundreds, of millions.

Still, that outcome isn’t out of the question if NUKE can stay alive long enough.

NFA. DYOR.

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