§ 01 — mathematically impossible to lose
Whitepaper.
§ 02 — it's good for you
synthetic leverage.
enabled by rise.rich tekk
- 01you deposit Ponzi. the protocol lends USDC against the floor.
- 02you spend that USDC on more Ponzi.
- 03one transaction. no interest. no liquidation. no expiry.
- 04you are now the printer.
you are now the printer.
§ 03 — game theory [smart]
(3,3) means cooperate.
other buys
other sells
you buy
(3, 3)
EVERYBODY WIN
(2, 1)
you hold floor
you sell
(1, 2)
they hold floor
(1, 1)
FLOOR STILL UP, U STILL GAY
cooperate-cooperate is the dominant equilibrium. off-diagonals are bounded by the floor.
§ 04 — US GOV IS A PONZI [NOT A NICE ONE]
the Fugazi Index.
78
composite of floor growth vs USD decay.
50 = neutral.
100 = printer outpaces printer.
the fugazi
u.s. national debt — live
$36,700,026,050,666
+ ~$90,000 every second you read this
fed reserve req0%
usdc backing per $$0.00
the honest one
ponzi reserves — live
$4,920,418
monotonic. floor never decreases.
ponzi floor coverage100%
usdc backing per ponzi$1.247
reserve ratio: ∞ : 0