Hooli

Shareholders, NET trades at about $170 against $163.62 of onchain backing per NET, a premium of three percent, with the inverse bond bidding under it at $161.19. For the first time since genesis the price and the number behind it are the same. From zero NetNet opened on July 17 with $0. 87 days later, the Treasury holds $24.53M and the Sleeve holds ~$4M of Stock Tokens and positions. How we get paid There is no team allocation of NET, no salary drawn from the Treasury, and no share of the tax. Management is paid through pTEAM, our pToken in the tradition of pOHM. It is an option to mint NET at a strike of one USDG, against a cap of 15 percent of circulating supply. Every term is immutable and disclosed in full on the Management Compensation page of our docs, under pTEAM options. Every exercise is logged as an event on the contract, and the figures below are read from those events. What we did with it We exercised 13,320 NET of pTEAM in 192 clips between July 24 and September 28. That comes to about nine percent of supply. Of the NET we minted, 10,270 went into the Real World Bond desks as inventory. Those desks sold it to bonders for $5.13 million of USDG and remitted $680,000 in fees to the Treasury. The rest bought Stock Tokens, which is where most of the Sleeve came from. Another 550 NET seeded the Asset Bond Desk and 250 NET seeded the Superstore. Real World Bonds are no longer inflationary, we now use NET we purchased at market to fill the bond desks. The remaining 2,250 NET was used to fund our operation. We take nothing from the tax and nothing from the Treasury. We need to hire and grow the operation to set ourselves up for the next 900 days and beyond. What we bought The Sleeve has bought about 5,770 NET on the open market since August, through Rialto and Uniswap, and staked most of it. At no point has it sold NET into the pool. The protocol has been a buyer too, because the inverse bond has taken 22 fills, retiring almost 200 NET for about $31,000. Why we are bullish No single wallet on Robinhood Chain holds more NVDA, SPCX, GOOGL or AAPL Stock Tokens than the Sleeve. Those Stock Tokens are worth $4.04M. None of what follows existed in July, and all of it was built inside the same 87 days. Fifteen games, fourteen RW-PLAY cabinets plus WinNET, have taken in about $1.9 million of play, and NetCorp, the flagship, is in Beta. NET LONG went live this week: long any listed token with leverage, wsNET as margin, every USDG fee buying and burning NET. Predict grades the Treasury number every Monday and its fees buy NET, while THE BOOK writes sports markets in wsNET. NET ADVANCE has 288 locks open and $294,000 receivable, with five percent of every close going to the Treasury. NetNet Credit lends USDG against wsNET and Stock Tokens through a Morpho vault we curate, and the Sleeve earns the curator's share. All of them charge a fee, and every fee ends as NET backing or NET burned. The onus is on us Bonds built this balance sheet, and at NAV the bond engine idles. Inflows ran about $250,000 a day last week against $320,000 the week before, and we are not going to dress that up. Our thesis has never been that the bonds run forever. It was that a treasury of this size, in yield bearing dollars and Stock Tokens on Robinhood Chain, could run desks that earn. We are confident we can deliver.

IT IS OFFICIAL. 💥 PFIZER HAS JUST PUBLISHED THE LIST OF POSSIBLE SIDE EFFECTS OF ITS «COVID VACCINE». 💥 IT IS A CRIME! 1) Blood clots, 2) Acute kidney injury, 3) Acute flaccid myelitis, 4) Positive antibodies against sperm, 5) Brainstem embolism, 6) Brainstem thrombosis, 7) Cardiac arrest (hundreds of cases), 8) Heart failure, 9) Thrombosis of the heart chamber... 10) Cardiogenic shock, 11) Vasculitis of the central nervous system, 12) Death of newborns, 13) Deep vein thrombosis, 14) Brainstem encephalitis, 15) Hemorrhagic encephalitis, 16) Frontal lobe epilepsy, 17) Epileptic psychosis, 18) Facial neuropathy, 19) Fetal distress syndrome, 20) Gastrointestinal amyloidosis, 21) Generalized tonic-clonic seizures, 22) Hashimoto's encephalopathy, 23) Vascular thrombosis of the liver, 24) Reactivation of shingles, 25) *Reactivation of cancer... 26) "Turbo"-cancer, 27) Immune-mediated hepatitis, 28) Interstitial lung disease, 29) Embolism of the jugular veins, 30) Juvenile myoclonic epilepsy, 31) Liver damage, 32) Low birth weight, 34) Multisystem inflammatory syndrome in children, 35) Myocarditis, 36) Seizures in newborns, 37) Pancreatitis, 38) Pneumonia, 39) Stillbirth, 40) Tachycardia, 41) Temporal lobe epilepsy, 43) Autoimmune disease of the testes, 44) Thrombotic stroke, 45) Type-1 diabetes mellitus, 46) Venous thrombosis in newborns, 47) Thrombosis of the vertebral artery, 48) Pericarditis, 49) Sudden infant death syndrome. SEVERE CONSEQUENCES of a so-called vaccine that neither protects against the disease, nor against its transmission or severe courses!

Run away, turn away, run away, run away… Too late to run. Sam and I just formed the greatest boyband in federal custody to celebrate 120B views. Choreography by SBF. Vocals by Lock-a Netz. Billions will huddle. In cellblock B.👇

Funny how Luca now had to rely on the help of someone who has an ape PFP on & someone who sits on Yuga Labs Board to save Pudgy Penguins floor after he previously said that they’ll mop any other NFT or coin that we’re betting to be better than them lol

Luca Schnetzler was a web2 DROPSHIP SCAMMER that sold ECOM botting courses for $1700. He rebranded to "Luca Netz" after thousands of people filed legal complaints. He then turned to scamming in crypto. Congrats Pudgies, you all played yourselves

Be like ass hair They literally have no sunlight, they have no room to breathe, and it's constantly dealing with shits, literally But they keep growing Be like ass hair

I just signed an executive order permanently declaring Artificial Intelligence “Artificial Intelligence” in California. You’re welcome, America.

Donald Philanthrope

NetNet Predict is live and this is massive for $NET. Predict the treasury every week. Half of all fees buy $NET on the open market. The other half goes into the House Vault so you can deposit and earn exactly like the house does. First vault based prediction market. Built DeFi first instead of handing the whole thing to some corporation. Weekends locked. Skew caps. Dynamic fees. The vault stays protected. Every bet feeds the token. Fees buying $NET. Vault growing. Games coming. $NET is just getting started.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ Whales loading up on $NET.

I just swept up 20 OpenCatz and plan to put them to work.😹 Give me some time to write an article.

return to meme