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Posts with #NetNetCap

#NetNetCap

Public posts on X that use #NetNetCap.

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  1. NetNet Capital✓@NetNetCap
    Shareholders, We wanted to provide an early look at some NetCorp enemies you will encounter early in your journey. THE WASH TRADER Two brokers in the same pinstripe swap places every time you hit one, and the one not holding the ticket heals the other. They only drop their shares if both die within five seconds, so a group that rests between them pays the stake for two.
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    907844824.1K
  3. Yolo@Yolo_Delis
    Arbitrage 101 Someone market-sold 2,208 NET (~$346k) overnight. By morning, price was back in line with NAV. • Inverse bonds redeem NET from the treasury at 98.5% of NAV, and burn it
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    Tom @tomismeta
    The elegance of the NetNet protocol continues with inverse bonds which allow you to redeem your NET from the treasury for 98.5% of NAV ($162.91) and burns the NET. To date, we’ve seen 9,582 NET burned (6.27% of total supply), and users have redeemed a total of $1.54m resulting in the NAV increasing due to redemption value being slightly lower than NAV. Inverse bond capacity per epoc is 1% of the total liquid USDG maintained at a 30/70 split between the liquid USDG and yield bearing Morpho vault. If the market price (currently $160.82) falls below NAV, it’s arbitraged typically to within 5% of NAV because of the 5% buy tax. We saw market efficiency arbitrage a single 2,208 NET $346k ($156.52 per NET) market sell last night which brought the market price back right in line with NAV as of this morning. The treasury (ownership revoked and immutable) still sits at $24.9m in USDG. NET is essentially a stablecoin with only upside while staking rewards remain at zero. NetNet is battle-tested new financial art.
    10252
  4. Tom✓@tomismeta
    The elegance of the NetNet protocol continues with inverse bonds which allow you to redeem your NET from the treasury for 98.5% of NAV ($162.91) and burns the NET. To date, we’ve seen 9,582 NET burned (6.27% of total supply), and users have redeemed a total of $1.54m resulting in the NAV increasing due to redemption value being slightly lower than NAV. Inverse bond capacity per epoc is 1% of the total liquid USDG maintained at a 30/70 split between the liquid USDG and yield bearing Morpho vault. If the market price (currently $160.82) falls below NAV, it’s arbitraged typically to within 5% of NAV because of the 5% buy tax. We saw market efficiency arbitrage a single 2,208 NET $346k ($156.52 per NET) market sell last night which brought the market price back right in line with NAV as of this morning. The treasury (ownership revoked and immutable) still sits at $24.9m in USDG. NET is essentially a stablecoin with only upside while staking rewards remain at zero. NetNet is battle-tested new financial art.
    9341405K
  5. Yolo@Yolo_Delis
    @Yolo_Delis
    • 9,582 NET burned to date (6.27% of total supply); each redemption pays slightly less than NAV, so NAV goes up • Below NAV, price is typically arbitraged back to within 5% because of the 5% buy tax • The treasury (ownership revoked, immutable) still holds $24.9M in USDG
    10212
  6. Yolo@Yolo_Delis
    @Yolo_Delis
    Source (h/t @tomismeta): Follow @NetNetCap for more. Class dismissed. #NET #NetNetCap #Arbitrage101
    Tom @tomismeta
    The elegance of the NetNet protocol continues with inverse bonds which allow you to redeem your NET from the treasury for 98.5% of NAV ($162.91) and burns the NET. To date, we’ve seen 9,582 NET burned (6.27% of total supply), and users have redeemed a total of $1.54m resulting in the NAV increasing due to redemption value being slightly lower than NAV. Inverse bond capacity per epoc is 1% of the total liquid USDG maintained at a 30/70 split between the liquid USDG and yield bearing Morpho vault. If the market price (currently $160.82) falls below NAV, it’s arbitraged typically to within 5% of NAV because of the 5% buy tax. We saw market efficiency arbitrage a single 2,208 NET $346k ($156.52 per NET) market sell last night which brought the market price back right in line with NAV as of this morning. The treasury (ownership revoked and immutable) still sits at $24.9m in USDG. NET is essentially a stablecoin with only upside while staking rewards remain at zero. NetNet is battle-tested new financial art.
    00267
  7. Yolo@Yolo_Delis
    Gaming Reserve 101 NetNet is not just a balance sheet. The Strategic Gaming Reserve is the consumer & arcade arm "a Netflix for games." Entry fees fund rewards and ranked prize pools. 6 games live Every game played, token minted and prize distributed routes back into wsNET.
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    Strategic Gaming Reserve (🥅,🥅) @coinsinkstudio
    All roads lead to @NetNetCap. We are building a Netflix for games, where subscriptions fees are used to fund rewards and ranked prize pools. We will drive all value back to $NET and the NetNet ecosystem. 6 games live now, see you in the arena.
    1221375
  8. Strategic Gaming Reserve (🥅,🥅)✓@coinsinkstudio
    All roads lead to @NetNetCap. We are building a Netflix for games, where subscriptions fees are used to fund rewards and ranked prize pools. We will drive all value back to $NET and the NetNet ecosystem. 6 games live now, see you in the arena.
    110641.2K
  9. Yolo@Yolo_Delis
    @Yolo_Delis
    All roads lead to @NetNetCap. Sources: Follow @NetNetCap for more. Class dismissed. #NET #NetNetCap #GamingReserve101
    Strategic Gaming Reserve (🥅,🥅) @coinsinkstudio
    All roads lead to @NetNetCap. We are building a Netflix for games, where subscriptions fees are used to fund rewards and ranked prize pools. We will drive all value back to $NET and the NetNet ecosystem. 6 games live now, see you in the arena.
    00019
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