Peace if Mibera origin and mechanism Gus tek if fink, just being patient
mibera (9,9) for those of u unfamiliar wif dis part of jani lore. jani bought a metric fuck tonne (scientific term) of @BongBearsNFT in nov 2021 using a product called rari (built by kindergarteners) which u could use to loop leverage ohm (from @OlympusDAO) this strat of depositing ohm and then taking out stables to buy more ohm, rinse repeat, was known as (9,9). most beeple got rekt in da process. jani's degeneracy saved jani as instead of looping into ohm in those final days pre luna death spiral and FTX implosion jani bought lots of bear jpegs. jani den used these bear jpegs to fund the building of @0xhoneyjar. jani WAY down personally as didn't start taking a wage from THJ till mainnet launched and would have been personally more profitable to sit on the biggest stack of bears in the world and then tek bera airdrop and bounce ala cbb but for jani dis has never been about da money. it's about building cool shit wif gud beeple miberas leverages @Liquidmintxyz tech to provide oracle free lending to mibera holders where u can tek 100% LTV of the liquid backing for a 4.2% fee. heer are some of the ways which liquid backing grows - 69% of the 4.20% enforced onchain royalties (446k BERA vol so far and we haven't finished revealing) - 69% of the 4.20% loan fee - 10% of collections such as @steadyteddys, @Nichibis and future tributaries - 69% of all candies sales thru honeyroad - lots of future activities miberas give perpetual share of the growth of the mibera economy forever mibera
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