TheSaw

NFTs on @monad_xyz are running HOT right now and today I'm bringing you the definitive NFT landscape on Monad. I've been involved and following the Monad NFT scene for months and this is a recollection on some key info I've gathered. This list is in no particular order, please, take all this info and DYOR. Let me know in the comments which ones are your favorites! I'll be updating this post with new projects as they'll be popping up so make sure to Bookmark this🧵👇

@BirckMega @RareBetSports Big W!

I just hit 100x on @RareBetSports with my NBA picks last night 1k to 100k $MON I knew it was close, and today was the day If you like sports, don’t miss out on playing on RBS

@happysubstack That would be kinda the vanilla outcome we'll never get

Hoping and praying Demis becomes world leader somehow

@afonso003_ @grok @portuguesnads @dannyweb33 @mikeshweb3 @karatekid05_ @AbreuOPrimo @brunofmr1 @0xlittlenada Lmaoooo

Hey @grok please remove the ugliest @portuguesnads from this picture

@FitzROI_au @genuinearticles 🫵

@TheMrSaws @genuinearticles Yes it is 👀

In 2021 I noticed a huge gap in the NFT space. Teams were raising millions on day 1, but buyers had to rely on "trust me bro" for everything after mint. In short, incentives were not aligned. My working thesis was, that if a project existed where team and holder incentives were aligned, all the smart money would flow to those assets and they would outperform everything else. There was little motivation for projects to try this, because it was easier and more lucrative to let minters take all the risk. Teams were guaranteed to make millions no matter what they delivered. Finally, the perfect opportunity to test my thesis arose with the rug and subsequent buyout of Geckos. The premise was simple: Holders eat first. Team can only win WITH holders, not at the expense of holders. All initiatives designed to drive value back to the OG asset, directly or indirectly. I was confident in my thesis. But I made a huge mistake. I overestimated the sophistication and the patience of degens. Rational, responsible, long term oriented collectors are a niche within a niche in web3. As a result, it took many years to curate 3000 such collectors into a single community. But the upshot has been an extraordinarily high quality group of people. A group with a ton of collective wisdom. A group that is happy to share what they know with others. Without grift, without expectation. ---- When jpegs were on easy mode, no one cared about tokenomics, aligned incentives, and so on. But now that NFTs are in the toughest environment ever, people are finally asking the fundamental questions. And projects with aligned incentives are poised to outperform. Strategies and buybacks in particular are being heavily debated. The side people take tends to match their bags; if their projects are doing buybacks, buybacks are bullish; if their assets have no buybacks, buybacks are bearish. As usual, the truth is somewhere in the middle, and nuanced. Unfortunately social media is the nemesis of nuance, amplifying hyperbolic and incorrect analysis. Buybacks and strategies on their own are futile. If the project has heavy dilution or no demand, it will go to 0 regardless. Detractors of these instruments can point to many examples. Implementation on a project with a limited supply, fully and fairly distributed over many years, is a different story. Even better if the supply is deflationary in other ways. Demand is requisite as well. In sum, there is no panacea. Every case must be evaluated individually. Geckos are a ideal candidate for multiple reasons. 1) Fixed, indivisible, undiluted supply 2) Deflationary mechanics of: a) time b) forever staking 3) Long term staking further reducing circulating supply by ~80% 4) 4 years of steady demand as a top 4 Solana pfp Bear markets are also the ideal time to experiment, with minimal downside. So for Phase 1 ... we're starting with buybacks. Details on Monday. More experiments soon.

@nossfather @genuinearticles I'm in, brother!

@TheMrSaws @genuinearticles Have you geckod yet? You've got this

@moxpark @genuinearticles real.

@TheMrSaws @genuinearticles I came, i saw, i gecked.

@Yotdanz I blame Santa, that fat ass

people will blame anything but themselves for their own failures diabolical scenes

@0xlittlenada @ThogardPvP Gshmonad

holy i'm speechless. fastlane from @ThogardPvP is the most impressive protocol in crypto rn TL;DR: > LST with 63% apy (whaaaaaaat?) > created a new pool called degen where stakers get 0% yield but 5x points > this means the LST has 188M mon staked by people but 211M generating yield. how? those 23M extra are fees, mev rewards and all the mon from the degen pool deployed there to generate extra yield (so smart) > the monad validators are chosen to be delegated by how much revenue they produce to the LST. so right now, the validators are literally donating money in order to have get mon delegated, which further boosts the LST yield > a good part of the mev rewards come from application specific sequencing where the apps themselves capture the mev before leaking to the mempool, and share part of the rewards with fastlane. so all the mev those apps generate is forever tied to fastlane > a bunch of extra features generating revenue for the LST, like dedicated RPCs and transaction schedulers to schedule a tx to happen on a certain date > every part of the code is on-chain, which means every action is ATOMIC, so the surface level for hacks is insanely mitigated fastlane is speedrunning becoming my favourite protocol in crypto

@ThogardPvP Man, I always get hooked on your write ups 🫡

Yesterday, shMonad's APY was added to DeFiLlama's data set and added to the shMonad frontend. Since then, we have gotten *a lot* of questions about whether or not it's bugged. It isn't bugged. It doesn't include incentives. But we do expect it to stabilize lower. 🧵(1/x)

@MOFUONMONAD MOFU on top

In 24 hours, a LEGENDARY Skrumpey (13,000 $MON Floor) will be given away from the Mofu treasury. Mofu's treasures are VAST. The earliest believers will be the highest rewarded in the coming months, Mofu is always watching. Comment your wallet & retweet to qualify!

@preballin Mofu mode

Finally getting back to desk today after a LONG holidays This means I will be 100% SEATED & straight COOKING ALL WEEK I’m talking EVERY recipe in the book. The gameplan is FOOLPROOF. Do with this information what you will. Smartest trader I know just popped a squat. MOFU MODE

@BirckMega @ChogNFT Sounds like a plan

@MOFUONMONAD Looking good!

Mofu looking good here

@MOFUONMONAD Listen to MOFU

Mofu's Rule #1:

@pareen DN

AAAAAAAAAAAAAA To those who are new to Monad, i met Melo, founder of Skrumpeys earlier this year at EthDenver He told me the lore of how it started. I will let him tell it He also told me that he doesn’t want to promote it too much. It is a small community of DNs who say DN and hang out with each other. I don’t think he has ever thought about being #2 in ALL chain ecosystems on MagicEden homepage on Day 2 Lores in Monad run so deep, you are just getting started in the culture as you say DN

@SmolMobster Bring it chef

@BirckMega @1stBenjaNAD WEN?

Got I flight to NY to find out why $CHOG isn´t launched yet and saw @1stBenjaNAD working hard on it Just a few minutes

@kvncnls It was written

Am I reading this correctly? Monad is beating the combined mindshare of ETH and SOL? What the fk

@howdymerry Easiest trade ever

gm to everyone who didn’t dump their monad monies yesterday, perfectly called fdv trading between $3-4b at TGE + 1 day on polymarket, and is now enjoying monad trading as google beta i heard monad is working on AGI internally