Building T.O.T.A. Creator of @BasedDRB & https://xitter.cf/t.co/NwZQ1HDUpv shipping apps, buying tops. draco.base.eth
Joined June 2016
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my mates laughed at me when i bought $hmm at 15m
overpriced they said
im 2x up now and honestly thats nothing
if ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 gets anywhere near 1b
$HMM at 30m is going to look like a joke in hindsight.
you cannot call anything overpriced in a bull market
thats the whole lesson
my mates laughed at me when i bought $hmm at 15m.
''overpriced'' they said.
im 2x up now and honestly thats nothing
if ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 gets anywhere near 1b
$HMM at 15m is going to look like a joke in hindsight
you cannot call anything overpriced in a bull market
thats the whole lesson
i said the $NET dip was an entry
i said the same for $HOOD10
same ecosystem two sides of it. meme and index feeding each other on robinhood rn.
the hype these two are pulling reminds me of the 2020 crypto bull.
just got my earnings from @hood10xyz
and $HOOD10 almost 2x from my entry.
what a beautiful time to be alive.
i was bullposting $NET at 3.3m yesterday
today ansem is talking about netnet
ansem
the solana guy
covering a robinhood chain project
when someone that deep in one ecosystem looks somewhere else it means something
i said 10m back then
at this point anything under 100m is fud
$NET Thesis | $1057 | $57M FDV | $6M circ | $4M treasury of USDG + RWAs
(🥅, 🥅)
novel defi mechanism on Robinhood
$NET is the reserve share backed by at least 1 USDG of the protocol's on-chain portfolio, NetNetCapital accumulates productive assets like stablecoins and stocks through a few different mechanisms
pays out 1.2% per day to $NET stakers if NAV is 1.75x underlying treasury, currently trades at about 11x treasury, treasury has been growing substantially faster than the 1.2% $NET issuance
• 5% trading fee on all $NET purchases, goes to stablecoins in treasury
• bond issuance, allows people to buy $NET at a 8-12% discount by giving USDG, capped at a certain amount each day, protocol uses this USDG to accumulate tokenized stocks for the RWA-sleeve of the treasury
• protocol has different minigames where you can speculate to win more NET, fees from all of the games add to treasury reserves
• founder has done few interviews saying they've spoken with RH team on working together in future, previously worked on NBA topshot one of crypto's most successful consumer apps
• pseudo-options protocol at turbo.netnet.capital where ppl can earn high % returns betting on up/down of stocks
• working on on-chain mini-game mmorpg similar to DFK
-----
believe this is one of the most interesting spots on Robinhood chain, have been saying that my thesis for this cycle is memefi, combination of gamification + interesting on-chain financial mechanisms on top & this is clearly that with RWAs baked in
2020/21 defi cycle crypto had a lot of interesting onchain experiments, didnt have as many last cycle, there will be a lot of ETH whales who find this protocol and are interested imo, last cycle Blast got ~2.4B in stablecoin deposits, recently Plasma got 1B in deposits in a week, there is a lot of capital looking for new protocols to play with onchain when they do pop up
@NetNetCap
robinhood index eco went crazy after Vlad's speech
$INDEX is the og of this wave
and its going way higher imo
I'm looking low mc index-like tokens so i aped two of them today:
@NetNetCap : $NET
gamified indexing
you dont just hold you actually play with it
thats the part that keeps a chart alive after the first pump dies
10m+ may easily
@hood10xyz : $HOOD10 (saw from @basedsnipez )
super fresh super thin
gonna wick you both ways be ready
but the potential here is at least netnet or og index level
im holding both
when a narrative rips the og gets the headline
the small caps get the multiple
first Virtuals ape of my life $PEAK by @pabsclimbs
the mission is a robot named pemba
trained to climb Everest
not for the show
he thinks robots are stuck in labs because they cant do enough yet
so you push them until they can go where we cant
Base is trying to claim its throne right now they gonna push this project imo.
also dev said announcement is coming tomorrow so the party may start sooner than we think
Charts are getting ugly. FUD is taking over.
But this is exactly where conviction gets tested, whether you’re holding $sushicat or any other Pools token.
@pools_dot_fun has @0xDeployer and @alexmccurryo behind it. Two names I wouldn’t expect to build all this just to let the momentum fade after launch.
Pretty sure they know the ecosystem needs its next catalyst. And I’m even more sure they have something cooking.
Still stacking.
Trust the process.
Love seeing meme activity picking up on Base.
But I’ll start believing in them again when they finally support the most real, truly organic memetic-agentic coin on Base.
Which is $DRB
Communities are starting to gather on @pools_dot_fun
And $sushicat just entered a new chapter.
Community takeover is now live with @sushicat_cto
No dev wallet. Basically rug-free now.
That means $sushicat is now 100% community-owned and still leading the @pools_dot_fun ecosystem.
Everything is just getting started.
Pools is live and the site has one of the cleanest UXs I’ve seen on a launchpad.
From what we can see, the first snapshot hits in 4 hours and $sushicat is lined up for a massive buyback.
And the official launchpad token is coming.
Airdrop for $sushicat holders feels almost inevitable.
Day 0. Send it.
We’re probably just hours away from @pools_dot_fun going live and the fee pool is already stacking up.
Wouldn’t be surprised to see these fees 2-3x once the platform opens.
Right now $sushicat looks locked in for #1 and $platypus is holding #2.
But #3 is getting spicy. $poolbot is coming fast and may flip $flamingo
Still Day 0 and the hype is already this high.
Source: wasabifun.app/stats
draco.base retweeted
Credit to @dracodotbase this has the amount of buyback calculated and price impact, and this is just a few days from launching. this will happen on regular basis.
brilliant
$SUSHICAT
$PLATYPUS
$FLAMINGO
Buyback pool: The system currently has $31,022 available for buybacks (this for just a few days).
Payout split: The selected 60/25/15 split means the buyback pool is distributed according to the ranking/payout model.
#1 $SUSHICAT: Estimated $18.6K buyback, representing about 1.89% of its $987K market cap.Estimated price impact: +43.2%
Estimated resulting market cap: ~$1.4M
#2 $PLATYPUS: $7.8K buyback, estimated +29.0% price impact.
#3 $FLAMINGO: $4.7K buyback, estimated +17.0% price impact.
Buyback: The protocol uses the buyback funds to purchase the token from the open market. This creates additional buying pressure and can push the price upward.
Burn: After purchasing those tokens, they are permanently removed from circulation by sending them to a burn/dead address or otherwise destroying them.
So the intended cycle is:
Fees/revenue → Buyback pool → Buy tokens → Burn tokens → Lower circulating supply + buying pressure
For example, if $18.6K is used to buy $SUSHICAT, those purchased tokens would then be burned. The screenshot's +43.2% is an estimated price impact.
OK.
More time for $sushicat & $platypus to hit new ATHs before the platform goes live.
Back to work.
SS from: wasabifun.app/stats
Can’t wait for @pools_dot_fun to go live today.
$sushicat & $platypus already running before the gates even open.
But the real fun starts when the Pools token drops and buybacks kick in.
Crazy to be this early to a potentially massive wave.