synthetic leverage.

enabled by rise.rich tekk

money printer going brrr
  1. 01you deposit Ponzi. the protocol lends USDC against the floor.
  2. 02you spend that USDC on more Ponzi.
  3. 03one transaction. no interest. no liquidation. no expiry.
  4. 04you are now the printer.

you are now the printer.

(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.

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

(3 , 3)

three things to do. pick one.

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