$MCD might be the most DeFi-native launch Robinhood Chain has seen so far
Meridian is basically trying to become the “onchain MicroStrategy” of the RH ecosystem — accumulate ecosystem assets, deploy them productively, and turn the treasury into a liquidity machine
the Genesis phase already pulled in $10M+ TVL
then things got crazy:
the 15M gMCD conversion cap filled in just 46 seconds
438 wallets converted across 13 different assets
that left Meridian with a treasury full of RH-native assets like $PONS, $CASHCAT, $AI, $SHROOM + tokenized stocks like SPY and NVDA
now the actual $MCD flywheel starts
~$1.8M was raised from conversions + deposit fees
$900k is planned for MCD buybacks over 60 days
≈ $15k of buying every day
the bought MCD gets paired with the other ~$900k of treasury assets to build productive liquidity
LP fees → more buybacks → more liquidity
there’s another supply mechanic too:
gMCD converts 1:1 into MCD over 7 days
exit instantly and you only receive ~10%
the rest gets permanently burned
the longer you wait, the more you receive
next step is even more interesting: Meridian plans to use the treasury for covered calls and eventually let protocols compete for where its capital gets deployed
RH has had memes, launchpads and RWA projects
$MCD is trying to become the capital layer connecting all of them
0x378a50eac56f45fb74e4ce7f1962dbca33515c14
@ashrobin Another reason is that pons launched on a new chain with no competition obviously there was compitors before but now the winner is clear with normal launching mechanisms so not just memes but actual teams launching utility projects which are usually the runners for longer
@ashrobin Multiple reasons imo first is the “unique launch mechanism” it won’t be around for ever it’s just a trend that will cool off soon the second reason is that pump fun is the main launchpad on solana and you just can’t compete with them they have unlimited liquidity
@nics_off@NetNetCap I just can’t believe a token with 25 million+ in its treasury going out like this. A 70-80% pull back was more than expected due to the crazy run it had.
I am happy to stake and watch it go to zero if my pick is wrong which I don’t believe it is.
@vainamoenen @UsePaid@XMoney Crypto degens will launch a coin and the trading fees of that coin will go to someone using x money.
For example: Elon coin -> fees to Elon using x money and so on
@orangie Go to 10 different random people and ask them long/short on different tickers btc,sol,eth put some money in their calls and give it a week and compare the results