the fees for $tools from trades go to buyback/burn the token - so now it begins?
with the other sites like dexscreener and birdeye, the users don't get to participate in the popularity of the site, because there is no token
now with this we do get to - the more people use, the higher the fees, the more $tools are bought back, and so forth
I maintain that if this is done right, it could be huge - not saying it definitely *will be done right* but I'm feeling good with my bags rn
Megapot will never be the biggest lottery in the world. One thing we learned from 2021 is that if you take existing primitives that are accessible and easy to use off-chain, their on-chain counterparts will never be able to reasonably take market share. On-chain builders need to be utilizing the tools and benefits we have at our disposal to dramatically change what exists via other venues.
A lottery that is just a lottery will never win here. But a lottery combined with a game and a trading desk and character development and leverage is something you can only do via crypto rails and that is why robinhood:0xca9c78dd337a67f6e0077f65f5e9218719d30edf is inevitable.
and by giga send, like - it means really giga send, like 500x type
Crossing my fingers here but love what they're shipping daily, including their new morpho lending/borrowing platform
What @NetNetCap is about to achieve within the first few months since inception will be studied
They’re already top15 by 30d revenue, more soon
Billions are going to be so obvious in the hindsight robinhood:0xca9c78dd337a67f6e0077f65f5e9218719d30edf
FY-HI (🥅,🥅)
$net is stopping being a token and starting being a balance sheet. each engine, and what it does for the token:
→ reserve: $10m+ usdg in morpho plus a $3.7m stock sleeve. the floor under every net
→ bond desk: subscriptions buy stock through rialto, ~$98k a day. backing per net rises on every fill
→ standing bid: manager buys net at 2x nav, going to 3–4x. bought net feeds bonds instead of minted net. kills the bond half of daily inflation
→ staking: 90% of supply locked, no net outflow day in the last eleven. the base doesn't leave
→ casino: subway runner, boardroom, dial up, 40k plays. the zapper buys and stakes net for every player. demand with a lock on it
→ market maker: lp book on the stock pools, ~$6k a day base case. fee income from the chain's own trading, paid into the reserve
→ credit vault: netnet credit on morpho, lending usdg into stock collateral markets. interest plus a performance fee from borrowers who aren't net holders
seven products that would be seven projects anywhere else.
here they all route to two numbers, backing per net and usdg per net. and the front door is a game.
starting to think even my default bullishness and understanding here is behind what this is and what is coming... time will tell.
NetNet Capital Management has launched NetNet Credit, a curated credit layer built on @Morpho , on Robinhood Chain. It brings isolated lending markets for tokenized equities to the chain, each with its own collateral, oracle, and risk parameters.
Imagine if someone told you about a company, brand new less than 3 months old and it generated over 16 million in revenue, would you buy the stock?
$Net is so undervalued 💎
What a unicorn of a project 🦄
🥅,🥅