Mooncoin

Distributing SpaceX ownership across the universe. Mooncoin is the onchain SpaceX treasury, powered by Orbit (a SpaceX vault that grows with every trade)

[Mooncoin @mooncoin_it]

Mooncoin is unique.

The ORBIT vault mechanism is the first to do two things simultaneously:

1. Reduce the supply of the memetic asset
2. Increase the supply of the underlying stock onchain

That combination is rare.

It may take time for people to wrap their heads around the mechanism, but I believe if we build, they will come.

Our role as a community is to educate, align and keep building.

[Mooncoin @mooncoin_it]

RH needs a new narrative.

What if stock memes become DATs for the stocks they’re paired with?

What Strategy did for BTC, Mooncoin is doing for SPCX: using its economics to continuously accumulate the underlying asset.

Mooncoin may be the first, but the playbook is open to anyone:

Create a vault → route fees to it → grow stock per token over time.

The ORBIT whitepaper lays out how this works.

https://t.co/uj8aPL90BN

[Mooncoin @mooncoin_it]

Robinhood is for MemeFi.

Yield bearing tokenized stocks, powered by memes has the potential to be the next meta on Robinhood. It will be much bigger than stock memes.

Mooncoin is an onchain DAT for SpaceX and enables yield on SPCX using a unique DeFi primitive called ORBIT.

You should look into it. See the current APR on SPCX.

[Mooncoin @mooncoin_it]

@akshaybd The best incentive for stocks to be tokenized is onchain yield.

That’s what Mooncoin enables for SPCX. It’s the first onchain DAT for SPCX but it doesn’t have to be the last. It’s the playbook for others to follow.

[Mooncoin @mooncoin_it]

@gajria Then the next meta is yield bearing tokenized stocks, powered by memecoins. Yield is the best mechanism to tokenize assets onchain.

Imagine if stocks provided 50% yield onchain, why would they remain offchain.

Mooncoin is the first to enable this for SPCX.

[Mooncoin @mooncoin_it]

@JohannKerbrat Thanks to Robinhood Chain and composable Stock Tokens, we’ve been able to push this experiment further.

Mooncoin is an onchain DAT for SpaceX, and has now created ORBIT, a DeFi primitive bringing yield to tokenized SpaceX.

[Mooncoin @mooncoin_it]

@JohannKerbrat Thanks to Robinhood Chain and composable Stock Tokens, we’ve been able to push this experiment further.

Mooncoin is an onchain DAT for SpaceX, and has now created ORBIT, a DeFi primitive bringing yield to tokenized SpaceX.

[Mooncoin @mooncoin_it]

The loop probably isn’t complete until ORBIT becomes productive collateral.

If you can borrow against ORBIT without selling it, and use that liquidity to increase exposure to MOONCOIN, you start closing the loop.

That’s when the system gets much more interesting.

[Mooncoin @mooncoin_it]

EPOCH 3 SOLD OUT IN UNDER 3 MINS

[Mooncoin @mooncoin_it]

Why is ORBIT’s displayed APR so high and why has it kept increasing?

SPCX trading fees entering ORBIT are split:

69% go towards new ORBIT minting
31% goes towards increasing SPCX per ORBIT for existing holders

The first epoch followed this same rule, creating a sizeable allocation for holders at launch since fees from trailing 7 days were allocated to the vault in a single day at launch.

These fees (31%) unlock gradually over 24 hours, spreading the increase in SPCX per ORBIT over time instead of creating one sudden jump. Hence the steady rise during first unlock over 24 hours since the end of first epoch.

The website expresses recent backing growth as a yearly rate of return, making the early number unusually high. It reflects recent growth not a promised yearly return.

[Mooncoin @mooncoin_it]

https://t.co/GXssIxXl7Y

[Mooncoin @mooncoin_it]

Expect a crazy APR today.

31% of all fees from day one are being streamed to existing ORBIT holders, so things could get pretty wacky.

It should begin stabilizing over the next few days.

[Mooncoin @mooncoin_it]

Orbit contracts are fully permissionless and non-custodial, written in Solidity and Vyper.

Controller: Handles auctions, minting, redemption and rewards. Incoming SPCX fees go here. https://t.co/2YBImCjV4I

Orbit Vault / Token: Holds SPCX and is also the Orbit ERC-20 token contract. https://t.co/Aq46ovNRcH

Governance Timelock: Controls governance changes through the configured 48-hour delay.
https://t.co/6XE7kc1Yu9

Disclaimer: Orbit is still experimental. Use at your own risk.

[Mooncoin @mooncoin_it]

ORB FAMILY WILL BE MOONCOIN IT. UPDATES IN PROGRESS.

[Mooncoin @mooncoin_it]

EPOCH 2 SOLD OUT IN UNDER 10 MINS

[Mooncoin @mooncoin_it]

@Thrilly727 @MBVibez What if you could borrow SPCX against it and buy Mooncoin?

[Mooncoin @mooncoin_it]

What’s the point of getting into Orbit if it can’t take us to the moon.

More on this soon.

[Mooncoin @mooncoin_it]

ORBIT WHITEPAPER IS NOW LIVE!

https://t.co/8qVQWSLdqL

[Mooncoin @mooncoin_it]

@JamsIsVibing You miss today's ORBIT price appreciation and mint ORBIT at a higher price tomorrow.

[Mooncoin @mooncoin_it]

I wasn’t expecting this, but today’s ORBIT auction sold out in under 90 minutes. Never seen anything like this.

Next epoch begins tomorrow at NYSE market open, and the flywheel continues.

With no more ORBIT available to mint until the next epoch, I expect price discovery to shift to the secondary market through an ORBIT/SPCX Uniswap pool.

[Mooncoin @mooncoin_it]

ORBIT represents a share of the SPCX vault. Today, 1 ORBIT started with 1 SPCX at genesis.

At the next 24-hour epoch, 31% of new fees into the vault are allocated to existing ORBIT holders, while 69% is used to issue new ORBIT.

That means the SPCX backing per existing ORBIT increases every epoch.

1 ORBIT can go from being backed by 1 SPCX today to 1.1, 1.2 or 1.3 SPCX in a few days.

Your ORBIT compounds while sitting still.

[Mooncoin @mooncoin_it]

The flywheel is now in motion. You are witnessing the birth of MemeFi.

1.75% MOONCOIN burned 🔥
32 ORBIT minted 🏦

300% APY on $SPCX. There is no other venue in the entire universe that provides this.