Drew

You can now see exactly how NAV and NAV/AS are calculated on 01Resolved, including the treasury assets include and what accounts for adjusted supply. As a reminder, NAV/AS represents the net asset value per token, calculated by dividing the DAO's total non-native token value divided by non-DAO controlled token supply. To explore the breakdown, navigate to a project like @LasoFinance. Open the "Financials" tab and click "Breakdown" under Total NAV. See the value of non-native assets included in NAV, alongside the native-token value excluded from the calculation. For NAV/AS, click "Breakdown" to see whats included in Adjusted Supply. For Laso, you can see Adjusted Supply is 10.06M after removing the FutarchyAMM, Meteora AMM, and Team Performance Package positions from the Total Supply of 29.99M LASO. With Total NAV sitting at $897.01K, this brings NAV/AS to $0.0891, which at today's solana:LASocYgQAo8GfypSjedNQgLft8y8DVGg1kSqR3smeta price, means the token is trading at a ~17% premium.

One of the most interesting things about ownership coins is the cross-holdings. About 1,000 wallets hold $5k+ in an ownership coin. ~11% hold $5k+ in two or more. Among wallets with $100k+, ~25% have ownership coin cross-holdings. The top 10 largest cross-holders alone hold $22.2M in ownership coins. We haven’t compared this to other capital formation platforms yet, but the pattern is that the bigger the investor, the more likely they back several ownership coins. That’s very good for founders. Launch an ownership coin and you get access to a roster of well-funded investors already spreading capital across the ecosystem. Data via the 01Resolved API/MCP.

MetaDAO’s META-042 proposal is live in a decision market. The proposal would end the Ownership Capital authorization from META-039, release its ~$2M USDC escrow, and move the funds to MetaDAO LLC. The USDC would sit in a separate Ecosystem Fund that invests in ownership coins and private instruments. The proposal mentions the fund making investments between $50K-$150k in fundraises of $50K-$300K, with a focus on consumer apps. The proposal also contains an exhibit with amendments to the MetaDAO LLC Operating Agreement Market so far: • Passing by: 6% • Threshold: −3% • Volume: $4.3K from 2 unique traders Pass is comfortably ahead, but on thin volume. Trading closes on Oct 29 (approx. 16 hours from now).

Our new interactive price and NAV/AS chart lets you track how a token trades relative to its treasury backing over time. Turn layers on or off to explore historical premiums and discounts, overlay decision markets, and project how future allowance draws could affect NAV per token. Try it out on the 01Resolved platform and start analyzing completed launches across @MetaDAOProject and @Backabledotbiz.

We're heading into the last week of October and Ownership Coins Briefing 023, your weekly recap covering financials, decision markets and project updates from the MetaDAO ecosystem and beyond, is now live. Here’s what’s inside: ▪️ @01Resolved introduced new platform upgrades including Price vs. NAV/AS charts, operating metrics, e wallet intelligence, team performance package tracking, and more. ▪️ @JurassicFi completed its $600K acquisition of Deaton, a Triceratops fossil funded by TRCH1 holders. ▪️ @UmbraPrivacy holders approved increasing it's monthly spend to $150K. The team also introduced an SDK for its Nimbus privacy network. ▪️ @TheInnerTable completed its raise, accepting ~$159K from 81 backers to build physical poker studios in India. ▪️ @DRAWUPxyz attracted ~$348K in commitments against a $20K goal, roughly 17x its target. ▪️ @loyal_hq opened EarnMax to the public, with over $200K deposited against a $1M cap and a reported 7-day realized APY of ~16%. ▪️ @crediblefin reported $533M in Q3 payment volume, up ~51% from Q2, bringing cumulative payments to $1.5B. ▪️ @P2Pdotme reached 32.2K users and $6.2M in 30-day protocol volume, growing 7% and 18% respectively. Plus updates from Solomon, Rip Cars, Omnipair, Orendal, LFOWN and more.

In the last 30 days, @P2Pdotme has achieved: ▪️ 32.2K Total Users (+7%) ▪️ $6.2M Protocol Volume (+18%) ▪️ 857 Daily Active Users (+6%) ▪️ 48K Transactions (+10%) Total Users have grown ~21% in 3 months. solana:P2PXup1ZvMpCDkJn3PQxtBYgxeCSfH39SFeurGSmeta currently trades at $0.40 vs $0.48 NAV per adjusted supply, a ~17% discount. Track @p2pdotfound operating metrics and financials live on 01Resolved [see reply].

Solid Q3 numbers from @crediblefin. $533M volume (+50.8% over Q2), expansion into new markets, and the callout for revenue and expense reporting via @01Resolved and OpenBooks is what stands out. Clear financial visibility is one of the highest leverage initiatives an ownership coin team can undertake for its holders. We are excited for where Credible takes the business.

Rip Cars completed $925K in OTC sales, Omnipair crossed $1M in TVL, Solomon secured two new USDv integrations and Laso approved an increase to its monthly allowance. Across the pond, DualMint's PLAY raise reached 89% of its target, and Umia announced its first launch. Ownership Coins Briefing 020 is now live, covering the latest financials, decision markets and developments across the @MetaDAOProject ecosystem and beyond. Here's what happened this week. ▪️ @ripcarsio completed five OTC deals totaling $925K and opened a new decision market seeking $250K for inventory purchases. ▪️ @omnipair crossed $1M in TVL and unveiled Dusk, introducing hedged LP vaults, spot margin and permissionless borrowing. ▪️ @solomon_labs added two USDv integrations, with OnRe allocating $1M and Oro adopting USDv to back GOLD. ▪️ @LasoFinance holders approved increasing the monthly allowance from $50K to $68.33K to hire a senior engineer. ▪️ @loyal_hq launched Earn on Google Play, bringing automated idle-USDC deployment to Android. ▪️ @P2Pdotme enabled USDC purchases with Venezuelan bolívares through Coco Wallet and Pago Móvil. ▪️ @DualMintRWA's PLAY raise has reached $202.4K from 95 investors, filling 89% of its $227.5K target. ▪️ @umia_finance announced @SlopCash as one of its first Cohort 1 projects, as UMIA surpassed $21M in trading volume and reached 1,380 holders. Plus more. Read the full briefing [link in reply].

We'll be at @Token2049 and @SolanaSummitOrg in Singapore from October 5th to 9th. Lets connect. Send @JJJWaves @Drew01R a DM or find us in the 01Resolved Telegram Community.

September’s Ownership Coin Monthly is now live. This month we look at how teams can use ownership as a growth incentive, what investors are paying for Credible Finance's payments business, and how 01Resolved’s Telegram Signals can improve decision market awareness. Also inside: ▪️ How airline loyalty programs and shareholder benefits could inspire ownership incentives, using @avici as an example. ▪️ @crediblefin processes a record $191M in September. We compare CRED’s valuation against listed payments companies. ▪️ 18 decision markets resolved, with 17 passing on $368K in volume. We cover proposals from @MetaDAOProject, @ripcarsio, @UmbraPrivacy and others. ▪️ Why dormant single-sided LPs may no longer serve their purpose, and whether more teams should follow @solomon_labs. ▪️ How 01Resolved’s Telegram Signals can help drive more decision market participation. ▪️ Why teams should report their financials and progress, even if the numbers are small. ▪️ @DualMintRWA’s $227.5K raise to tokenize 200 claw machines, bringing verifiable real-world cash flows onchain. Plus business updates, treasury values, NAV and decision market activity across the wider MetaDAO ecosystem [link in reply].

~62% of USDv's supply now sits in ownership coin treasuries after Solomon's official launch. Meanwhile, Credible holders approved a $500K settlement facility, Rip Cars is seeking approval to raise up to $1.5M, and Laso's first decision market is trading live. Ownership Coins Briefing 019, your weekly recap covering financials, decision markets and project updates from the @MetaDAOProject ecosystem and beyond, is now live. Here's what's inside: ▪ @solomon_labs launched USDv, issuing over $5M in its first hour. @Raydium committed an initial $1M from its treasury and will serve as USDv's primary liquidity venue. ▪ @crediblefin holders approved using $500K of treasury as rolling settlement capital for three months, cutting external financing costs. ▪ @ripcarsio proposes minting and selling up to 12.9M CARS to raise as much as $1.5M, primarily through OTC sales. The decision market is passing by ~17%. ▪ @DualMintRWA opened pre-commits on @stardotfun for a $227.5K raise to fund 200 arcade claw machines, with equity tokenized through @BedrockFndn. ▪ @LasoFinance's first decision market seeks to raise its monthly allowance from $50K to $68.33K to hire a senior engineer. ▪ @omnipair hit ~$1M in 24-hour volume, its highest since V1, with $936K of it from @JurassicFi's tokenized fossil. ▪ @LFOWNDOTFUN has launched 131 coins paired with ownership coins, generating ~$5.3K in trading fees, half to the DAO treasury. Plus updates from @avici, @sanctumso, @umia_finance and @Predict_PM_AMM and @futarddotio. Read the full briefing [link in reply].

We connected Opus to GA4 and asked it to create a visual for 01Resolved platform activity after seeing the trendline up and to the right. This is what it came up with. It's clear ownership coin investors are discerning and attention is only growing.

Credible is seeking approval to deploy $500K from the treasury to be used as settlement capital for 3 months, with the principal returned to the DAO at term end. @crediblefin pays merchants before incoming collections have fully cleared. So as payment volume grows, it needs more capital to bridge that timing gap. Credible reports monthly volume rising from $32M to $183.1M over twelve months, while interest payments on externally borrowed capital has reached approximately $137K per month. Replacing part of that borrowing with its own capital reduces financing costs and supports continued same day settlement. For solana:CREDBHvVqREBCAxMihzr8D1nepHMr2gmQoZWpmgGmeta holders, the benefit is better economics in the underlying business. More of the money generated by the business can remain within Credible rather than going to external lenders. The proposal mentions terms for usage, tracking, and upcoming monthly reporting. However some useful clarifications would be: 1. Expected interest savings in the 3 month period from the $500K loan 2. A broader revenue or profit-remittance policy to establish how improved business performance reaches the treasury over time The proposal provides good commercial rational, but fuller financial disclosures would make the trade off easier to evaluate. Let's see what the market has to say.

Something is missing @solana.