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Note Systems Bonds walkthrough, and why they matter for you and for the protocol. A bond swaps an asset – USDG, a Stock Token, or a live COUPON leg – for $NOTE that unlocks over a vesting period. For the user: a price that can never sit below the...

16,640 просмотров • 10 дней назад •via X (Twitter)

Комментарии: 9

Фото профиля Goldi Senna Prabowo
Goldi Senna Prabowo9 дней назад

gNOTE, submitted my vote!

Фото профиля water
water10 дней назад

Pretty sure this what NetNet is doing right?

Фото профиля vitruvio.eth
vitruvio.eth10 дней назад

The flywheel makes sense. What I'll be watching most closely on mainnet is the balance between $NOTE issued through bonds/emissions and $NOTE bought back through actual protocol revenue. If real note activity can make buyback demand outgrow dilution over time, that's where this model gets really interesting.

Фото профиля Murat Bulut
Murat Bulut10 дней назад

#web7

Фото профиля hira
hira8 дней назад

love the flywheel makes total sense usdg in soon?

Фото профиля overthinking it so you don't have to
overthinking it so you don't have to5 дней назад

when on mainnet?

Фото профиля Digital Dynasty
Digital Dynasty10 дней назад

Looking good🔥

Фото профиля 𝘽𝙞𝙜 𝘽𝙚𝙣 😈💫
𝘽𝙞𝙜 𝘽𝙚𝙣 😈💫10 дней назад

Keep shipping team 👊

Фото профиля imanees
imanees10 дней назад

Bring it on

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191,929 просмотров • 8 месяцев назад

.Note Systems is a first mover on Robinhood for quite a few things. 1. 𝗙𝗶𝗿𝘀𝘁 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝗱-𝗻𝗼𝘁𝗲𝘀 𝗽𝗿𝗼𝘁𝗼𝗰𝗼𝗹 𝗼𝗻 𝗮𝗻𝘆 𝗰𝗵𝗮𝗶𝗻. Structured notes are a $422B/year product every major bank sells. No on-chain equivalent existed before. 2. 𝗙𝗶𝗿𝘀𝘁 𝘁𝗼 𝗽𝗿𝗶𝗰𝗲 𝗮𝗻𝗱 𝘀𝗲𝘁𝘁𝗹𝗲 𝗯𝗼𝘁𝗵 𝘀𝗶𝗱𝗲𝘀 𝗽𝗲𝗿𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝗹𝗲𝘀𝘀𝗹𝘆. Earlier DeFi structured-product protocols sold one-sided vanilla options to whitelisted market makers. Note prices the yield side and the hedge side with no dealer, lender or issuer in the middle. 3. 𝗙𝗶𝗿𝘀𝘁 𝘁𝗼 𝗽𝗮𝗶𝗿 𝘁𝘄𝗼 𝗴𝗿𝗼𝘂𝗽𝘀 𝘁𝗵𝗮𝘁 𝗰𝗼𝘂𝗹𝗱𝗻'𝘁 𝘁𝗿𝗮𝗱𝗲 𝘄𝗶𝘁𝗵 𝗲𝗮𝗰𝗵 𝗼𝘁𝗵𝗲𝗿 𝗼𝗻-𝗰𝗵𝗮𝗶𝗻: stablecoin holders earning a coupon and stock-token holders buying crash protection. 4. 𝗙𝗶𝗿𝘀𝘁 𝗰𝗿𝗮𝘀𝗵 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝘁𝗼𝗸𝗲𝗻𝗶𝘇𝗲𝗱 𝘀𝘁𝗼𝗰𝗸𝘀 𝘁𝗵𝗮𝘁 𝗰𝗮𝗻'𝘁 𝗯𝗲 𝗹𝗶𝗾𝘂𝗶𝗱𝗮𝘁𝗲𝗱. $2.9B of tokenized stocks sit on-chain, and the only way to hedge them is a short that can close you out at the worst moment. A note is escrowed at inception, the protection holds whatever the price does. 5. 𝗙𝗶𝗿𝘀𝘁 𝗰𝗿𝗮𝘀𝗵 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗼𝗻 24/7 𝗺𝗮𝗿𝗸𝗲𝘁𝘀. The NYSE can halt; on-chain there's no pause. Note is the first way to hedge a stock coin that can free-fall at 3 a.m. 6. 𝗙𝗶𝗿𝘀𝘁 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝗱-𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝘃𝗲𝗻𝘂𝗲 𝗼𝗻 𝗥𝗼𝗯𝗶𝗻𝗵𝗼𝗼𝗱 𝗖𝗵𝗮𝗶𝗻, positioned for the TradFi capital that chain is courting. Robinhood Chain is adding redemption and voting rights to tokenized stocks; that money will look for familiar instruments first. 7. 𝗙𝗶𝗿𝘀𝘁 𝗳𝘂𝗹𝗹𝘆 𝗰𝗼𝗹𝗹𝗮𝘁𝗲𝗿𝗮𝗹𝗶𝘇𝗲𝗱, 𝗲𝘀𝗰𝗿𝗼𝘄𝗲𝗱 𝘃𝗲𝗿𝘀𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗽𝗿𝗼𝗱𝘂𝗰𝘁. No liquidations, no dealer credit risk, no issuer default risk. Banks can't structurally offer that.

Zach

13,305 просмотров • 9 дней назад