Pinned Tweet
The ocean at sunset makes me feel alive, connected to the beauty of the world.
@eatsleepyeet makes me feel the opposite—sad, disconnected, joyless.
-Yeet sucks.
Enjoigg retweeted
When @MCDAOio launched, we launched a 60 day buyback program, which has been ongoing
in addition, we have been using treasury revenue to further increase buybacks
to data, $537.8K has been used for buybacks. Meridian Capital has been revenue generating from day 1.
Enjoigg retweeted
Farmed genesis $MCD during their initial launch - their contracts are being forked and used rn for other genesis launches btw.
Why I think it's an asymetric bet?
- Fair launch with genesis farm, no VCs. Currently just a "treasury protocol" with $1.7M in treasury. Treasury was funded by initial convertors who were farming gMCD.
- Trading at 1x NAV and at initial conversion price of $0.1. But market is not pricing in other factors.
- $1.6 mcap while treasury is at $1.7M excluding points of protocols they are actively LPing into, including @fablesfi , @FangFinance , etc. I think @MCDAOio is top 20 points holder on Fables.
- Programmatic buybacks and burns from taxes and protocol revenue (right now main revenue source is LPing). We love that.
- The main product hasn't even launched yet. Not sure it was even announced but I'm bullish on the vision, only thing i can say that it has something to do with options for Robinhood ecosystem projects.
- @lordpemby is a great dev.
- Most of jeets sold (they had plenty of time to sell < or at around $0.1 conversion price). They were selling in loss during 0-7 days vesting period which I happily absorbed.
Downside is limited while upside is unlimited if they find PMF and continue doing great job with managing LP. They have their own internal dashboard which help them track, manage and adapt their LP strategies.
Disclosure: I own big % of MCD supply as well (similar to $PSTR) but i think it's a slower cook and rh chain is not a meta rn.
Meridian Capital and @Hookrfun have performed mutual buys and LPs of HOOKR and MCD and have co-seeded a v4 pool
The pool @whatthehookv4 for arbitrage recapture, and has LPs can earn bonus HOOKR rewards for locking the LP
Enjoigg retweeted
MCD liquidity update
- MCD trading tax has been reduced from 5% to 3%
- LP restrictions have been lifted from all venues, and token trading tax does not apply on them
- $283K has been spent on buybacks to date
- $643K of liquidity has been added across 18 different MCD pools to date
Enjoigg retweeted
$260k has now been spent on MCD buybacks, all transactions are tracked on the dashboard.
Meridian Capital is accumulating.
Enjoigg retweeted
places where you can put MCD to work (folks been asking)
current:
@fablesfi v4 LP (you get points too)
@Uniswap v2 LP
@CodemenTech you can use MCD as a base asset in the launchpad
soon:
@FangFinance genesis
MerryMen genesis (a tomb fork, cant find the twitter)
@UFGDeFi immutable treasury via @adeepabyss by @hellojintao
Equator markets (new lending protocol)
@RVHProtocol leveraged LPing (potentially, not confirmed)
Enjoigg retweeted
there is a project on @RobinhoodCrypto that
had 12m in its genesis pools
has a 900k buyback program
does additional buybacks from revenue (already making money)
is building cool defi shyt
and its twitter got banned so nobody knows about it
Enjoigg retweeted
the vision for @MCDAOio is insanely ambitious. At best, its going to be a new liquidity primitive in defi. at worst, its gonna be some flop that no one cares about
its not coming Soon™️ so i dont wanna bullpost too much, but in the meantime:
1) Meridian remains well capitalized
2) 900k of buybacks ongoing
3) treasury revenue used to burn MCD via The Furnace
and you can track it all on the dashboard
Enjoigg retweeted
The Meridian dashboard has been updated to show all the MCD buybacks. There are 2 sources of MCD buybacks:
1) 60 Day TWAP: $900k used to buy and LP MCD for the first 60 days.
2) The Furnace: Treasury revenue used to buy and burn MCD. There is over $30k of buyback pressure already queued.
All treasury deployments and actions can be seen in the dashboard.
Enjoigg retweeted
I am part of the 35%
gMCD redemptions are live, you can choose your vesting duration here: mcdao.io/app/vesting
So far 98% of gMCD has opened redemptions. Of those, only 35% have chosen a max 7d redemption with no forfeit. All others have chosen to unlock at shorter durations, which will burn MCD and reduce total supply. Some users have chosen to instantly redeem, forfeiting 90%.
MCD website is now updated - you can see the chart, swap, and see the counter of MCD burned: mcdao.io/app/mcd
Enjoigg retweeted
CA: 0x378A50eaC56f45Fb74e4cE7F1962dbCA33515c14
Check mcdao.io/app/mcd before trading for launch tax details. Liquidity will be seeded on Uniswap in the next 10 minutes.
Enjoigg retweeted
the Meridian token (MCD) is going live Tuesday Sept 29th at 13:00 UTC.
Details:
- CA will be tweeted by me. No other account.
- anti-sniping measures will be used
- liquidity will be exclusively on @Uniswap
- 5% buy/sell tax. half of that compounds liquidity
- MCD will be paired against ETH at launch, more pairs will be added with treasury buybacks
The Meridian TWAP Machine:
1. Meridian has raised $1.8m ($1.5m from conversions + $300k added from deposit fees)
2. 100% of this will be used in productive MCD liquidity
3. $900k will be used to buyback MCD, and paired against the other $900k of assets
4. this will occur over a 60 day buyback program. so that means $15k of buying every day and more MCD liquidity added
5. LP fees will be used for further buybacks, boosting this flywheel
6. we are also developing novel defi products to boost treasury revenue
some other notes:
- the treasury is well diversified, with a healthy mix of majors, stocks, and memes
- the treasury is already generating revenue, and a dashboard will be live soon
- team token allocation is 10% and locked
- token distribution after the conversion event is extremely healthy
- due the the low team+treasury supply (20% of total), this is an extremely fair launch.
Enjoigg retweeted
. @NucleusCodes leaderboard updated and we rise 🤩
Very very VERY proud of my guys in @majorslair 🫶
Love to see my creature, @majorslair, in a good position on the @NucleusCodes community leaderboard.
Maybe it's time for this space to notice new good builders 😏
