THIS IS WHAT A RESERVE TOKEN WAS SUPPOSED TO LOOK LIKE
robinhood:0xca9c78dd337a67f6e0077f65f5e9218719d30edf is OlympusDAO v1 rebuilt with every mistake removed. Here's the engine
> hard floor: every NET is always backed by at least 1 USDG, enforced in code, mints revert if they'd break it
> NAV = liquid USDG + Morpho position minus 2% haircut + protocol liquidity, divided by supply
> dividends every 8 hours, rate set by the premium: zero at NAV, max 0.45% per epoch at 1.75x
> bonds sell NET at max(TWAP minus discount, NAV), never below backing
> buyback bid at NAV minus 1.5%, every NET bought gets burned
> premium seller mints into the pool only above 2x NAV, proceeds to treasury
> prices from a 30 min to 4 hour TWAP, stale price means the protocol stops instead of trading
literally only play on RobinHood that's REALLY worth your attention
and the ticker is robinhood:0xca9c78dd337a67f6e0077f65f5e9218719d30edf and I think next RH szn will generate crazy profits here
there is no other coin in the market that has:
- a $25.9M treasury behind it
- price sitting basically ON that treasury
- a protocol bid buying and burning under it
- non stop shipping team
- 89% of supply staked
robinhood:0xca9c78dd337a67f6e0077f65f5e9218719d30edf IS TRADING AT ITS OWN BACKING. READ THAT AGAIN
> ~$163 of onchain reserves behind every single NET
> price sits within a couple percent of it
> a standing buyback bid under it at backing minus 1.5%, burning everything it buys
At the ATH the treasury was under $2M. Today it's $25.9M
everyone will buy at the price they deserve
CA: 0xCA9c78Dd337A67F6e0077F65F5E9218719d30eDf