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chjokka
@chjokka
Humble market participant. @labyrinth_alpha Growing the best brands in Crypto. @zokuxyz @shikoxyz
999 Following    13.2K Followers
If you haven’t noticed, dev has been building $NET buybacks into most of his new products. And pretty sure he’ll keep doing this. More games. More activity/volume. More buybacks. We reach escape velocity soon imo.
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I have so much respect for @theunipcs. One of the most genuine people I met in this space, and always humble and thankful towards everything he received from God. Which is the mentality that will bring you these bizarre results. His story is one of the most inspirational ones, and gave me a lot of faith and motivation to make everything back after I got drained for almost all my money in October last year. (I haven't told many people about this, but I might share a longer piece in the near future on going from nothing to everything to nothing to everything again) “When the time is right, I the Lord will make it happen.” Trust God's timing.
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Just watched the @MCGlive podcast with $NET dev, Al Dunlap.. Mind blown.
A NetNet x Pendle collaboration is definitely not priced into $NET yet. What will happen when Pendle launches markets on Robinhood Chain: Robinhood Chain has USDG, Morpho, Uniswap and NetNet. There's yield on the chain, but no fixed income layer on top of it. Pendle showing up doesn't just add a venue, it creates a bridge for A LOT of DeFi users. Loopers, PT farmers, fixed income degens. People who already understand reserve mechanics and don't need it explained to them. While for most trenchers NetNet is just an OHM fork, this crowd will open the docs and actually understand it. They'll see backing that only goes up, emissions that shut off the second the premium disappears, and a treasury that can't print a token it can't stand behind. They'll LOVE NetNet. What PT-USDG on money markets and looping would mean for $NET: Looping is borrowing. More USDG borrow demand on the Robinhood chain means the Morpho lending rate goes up. NetNet has their almost $2M USDG treasury sitting in Morpho as a lender, so the rate the loopers pay is the rate NetNet collects. Which means more yield -> faster growth of $NET backing/treasury. NetNet wins here even if Pendle never lists $NET at all. What a $NET market would do for the token: Right now NET's yield is a rebase APY that moves with the premium and pays out in more $NET. Pendle turns it into a number an allocator can size: X% fixed, this date, done. And they can easily do this. Pendle needs a non-rebasing wrapper to split into PT and YT, and wsNET is live and already collateral in the Loopback facility. But most importantly, if Pendle will do this, they need to seed the pool. This means they'd have to buy a lot of $NET from the open market, and whatever goes in is locked until maturity. So, TLDR; Pendle coming to Robinhood and potentially collaborating with NetNet would mean: - more people being exposed to NetNet - big growth of the treasury, as more USDG borrow demand on the chain means the Morpho lending rate will go up - a lot of $NET bought from open market and locked to seed the pool We're just getting started. (🥅,🥅)
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So @NetNetCap built an improved Olympus Dao (OHM) and is about to launch an improved version of DeFi Kingdoms. I don't think anyone understand how big $NET will be in a few months. For your idea: OlympusDAO (OHM): > peak market cap: roughly $4.3 billion > peak treasury: about $929 million > peak TVL: roughly $3 to 4 billion > peak users: tens of thousands of stakers, likely around 100,000 holders DeFi Kingdoms: > peak market cap: just over $1.1 billion > peak TVL: over $1 billion, reached in under four months > peak users: over 273,000 active wallets by December 2021 And with multiple hints of NetNet's games being integrated into the Robinhood app, these games and ponzis with an APY of 13,335%, will be instantly exposed to 26,5 millions users. This will become the BIGGEST project on the Robinhood chain, and bigger than OHM and Defi Kingdoms were. I think you can retire of this one. You just need the strength and patience to hold your coins. (🥅,🥅)
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