Napenjoyoor

@napenjoyoor

120 Following

34 Followers

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Sounds like nouns has a bigger marketing problem than ETH... which is... ironic

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If ETH had a saylor, it would be an autonomous defi protocol letting the true believers go leveraged long with no liquidation risk and no vol decay In true decentralised fashion, we’d all be saylor :)

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At least, it is what it is

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FWIW you’d do it as open market operations Eg. 6m ETH in spark, used to issue grants up to 25% (so 1.5m) All sales increase collateral If total debt goes above 25% - you start deleveraging It also subtly aligns incentives towards public goods for the ethereum ecosystem. We aren’t taking direct upside in what we fund, but as long they are bets towards making the broader ecosystem better, the native token (ie ETH) should long term accrue value, giving nouns further leverage in the future and ability to have continued positive impact

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We’ve been cooking https://paragraph.xyz/@imf/imf-democratized-money

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Thanks king 👑 PFP updates across platforms coming as promised :)

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My nounswap proposal is live! https://www.nouns.camp/proposals/593 Please vote yes so my sleep head gets a pillow :) Thanks legends

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Likewise :) Good to be here

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Welcome @napenjoyoor to Nouns! For obvious reasons, he had his head sleepy head set on a pillow, so I've sponsored a @nounswap to make it happen! Nap and I have been building /imf together with some other great mates. Australia's most prolific quant dev builder imo! nouns.camp/proposals/593 ⌐◨-◨

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Spot leverage on PEPE and MOG will be so obvious in hindsight. The bet at 33% LTV is simple 1/ For every $ the asset pumps up, you make 1.5 (so if it goes up 2x, you make 3x) 2/ You loose everything if the asset drops *more than 60%*. If (2) happens, you're rek'd anyway. If you think, on balance, it's more likely to go to Valhalla than dump, then may as well leverage up and buy more.

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Game boi is epic, pillow head is more 'me' :) https://warpcast.com/napenjoyoor/0x99789806

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I'm known for locking in and working non stop, then, randomly deciding naps are in order :) In the physical world, I always have a pillow handy - time to replicate online. https://nouns.wtf/candidates/0xeeb166de27a4439602b5330ef39be5970bbde92d-nounswap-swap-noun-1188-for-noun-871

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Harsh reflection to see but true.

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This is not Nouns related, but as a Nouner, I’d love to share what I’ve poured my heart into these past 6 weeks with 5 close friends Although, it could be $NOUNS related, and my team and I would be keen to help in making that happen Anyway…The /imf is now open for biz ⌐◨-◨ https://internationalmeme.fund

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I can sometimes be a dreamy eyed purist. I wanted the meme economy to stand on its own. Trading in $MONEY native to memooors. Turns out, efficient defi routing means we gotta bend the knee on this one. IMF liquidity via ETH deployed. The dapp is live, time to for y’all to have both memes and dreams. LFG

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Still good? Or just nostalgia?

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Fixed the bug so I could borrow against my $PEPE and buy more $IMF

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Twitter banned me. Just meant I locked with no distractions to ensure fiscal stimulus for all meme holders. Giddy up!

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