Received DMs asking what the memory cow is gonna do with the $MU in our vault. It has been planned since LONG ago
It will be curated as the onchain $DRAM, i.e. more memory stocks will be added to the basket.
The memory cow strongly believes that tokenized stocks is only step 1 to get degens invovled, and the various products built on top it, e.g. ETFs, are how RWA can experience what 2021 era of DeFi has experienced.
$moo holders own this vault, and have a claim on it. But it won't be something boring, that's all the memory cow can say๐ฎ
The game hasn't changed - Memory Supercycle.
Hoard the memory chips
Moo that๐๐
$NET Thesis | $1057 | $57M FDV | $6M circ | $4M treasury of USDG + RWAs
(๐ฅ , ๐ฅ )
novel defi mechanism on Robinhood
$NET is the reserve share backed by at least 1 USDG of the protocol's on-chain portfolio, NetNetCapital accumulates productive assets like stablecoins and stocks through a few different mechanisms
pays out 1.2% per day to $NET stakers if NAV is 1.75x underlying treasury, currently trades at about 11x treasury, treasury has been growing substantially faster than the 1.2% $NET issuance
โข 5% trading fee on all $NET purchases, goes to stablecoins in treasury
โข bond issuance, allows people to buy $NET at a 8-12% discount by giving USDG, capped at a certain amount each day, protocol uses this USDG to accumulate tokenized stocks for the RWA-sleeve of the treasury
โข protocol has different minigames where you can speculate to win more NET, fees from all of the games add to treasury reserves
โข founder has done few interviews saying they've spoken with RH team on working together in future, previously worked on NBA topshot one of crypto's most successful consumer apps
โข pseudo-options protocol at https://t.co/REhxkt22Rm where ppl can earn high % returns betting on up/down of stocks
โข working on on-chain mini-game mmorpg similar to DFK
-----
believe this is one of the most interesting spots on Robinhood chain, have been saying that my thesis for this cycle is memefi, combination of gamification + interesting on-chain financial mechanisms on top & this is clearly that with RWAs baked in
2020/21 defi cycle crypto had a lot of interesting onchain experiments, didnt have as many last cycle, there will be a lot of ETH whales who find this protocol and are interested imo, last cycle Blast got ~2.4B in stablecoin deposits, recently Plasma got 1B in deposits in a week, there is a lot of capital looking for new protocols to play with onchain when they do pop up
@NetNetCap
Shareholders,
The Button went live 14 hours ago.
In that timeframe it has processed 28,949 presses from 24,487 wallets.
This has led to ~$25,000 in NVDA volume through @rialto_xyz and contributed 5% of total RWA volume in that time period.
RW-Play is real. More soon.
Shareholders,
The NetNet Capital Management Treasury now holds 1,170 shares of NVDA, valued at $264,290.
This makes us the #1 holder of NVDA on Robinhood Chain @RobinhoodCrypto .
In short order we will be the largest holder of tokenized equities on chain period.
Shareholders,
Over the past 2.5 days the NetNet Capital Management Revenue has totaled $657,245, or an average of $262,898 per day.
That puts NetNet in the top 20 Crypto Protocols in terms of daily revenue, alongside @MetaMask , @phantom , @ethereum , and @base .
We will add our adapter to @DefiLlama immediately for comparison.
More Soon.
Shareholders,
All TURBO Puts are now sold out as well.
We will be monitoring and collecting some data before we ramp up again.
Will have more to share soon.
Its becoming obvious that we are moving towards a StockFi DeFi super-cycle where regulations favor developers building novel products. This is a new crypto where we have assets that are better versions of their web 2 counter-parts to build with. Just like during the industrial revolution this cycle will create a lot of new winners based on new technologies. If you ask my what I want to own? I want to own and control the railroads. The infrastructure that will power this peer to peer financial world that runs 24/7 on-chain and will power the financial system of the entire planet. That is the Stonkbroker vision.
How strong is the power of DeFi infrastructure in crypto? Stonkbrokers on Robinhood chain just passed $1,000,000 in marketing rewards over a 7 day period for the community that is help bringing this ecosystem to life.
We make the markets. We do honest work here daily and are rewarded for it. Daily.
clock in.
Iterative process. Today I have actively been improving the Safe launch tool Ui which has now generated 1066 $ETH (2.05 Million dollars) in gross pre-bond volume since launch 24 hours ago, 36.25 $ETH for active brokers and 26.46 $ETH for token creators.
Now you can also safe launch anti snipe tokens paired with Stock Tokens $AAPL $STONKBROKER $USO $NVDA $SPCX $GME and $USDG on Robinhood Chain , thus far all creators with strong volume tokens have made an average of 2 $ETH or more on their token deployments.
This is no better token launching infrastructure in crypto for real projects and its going to keep improving. Every day.
For the next 72 hours all launches will be free.
Clock In on Robinhood Chain