Shareholders,
$NET is our first product. Every desk, every cabinet and every bond we have shipped exists to move two numbers, backing per NET and USDG per NET.
Starting today, we are putting the Manager's own balance sheet behind those numbers.
NetNet will keep a standing bid for NET at 2x NAV.
The NET we buy goes into the Real World Bonds desk as inventory which closes the loop. Real World Bonds fund the treasury by via bought NET instead of minted NET, the fund keeps buying equities with no new supply behind it, so backing per token rises on every fill.
We are bidding at 2x because we know where are headed.
More Soon.
@mickhagen@OlympusDAO@NetNetCap@standard_rsv@brim_hq NET is diversifying revenue sources about 1000x faster than Olympus or any other fork has. Can't fade $NET when it's got chance to make more revenue from games than bonds/taxes.