Signed in
We value your privacy
This site uses cookies to improve your browsing experience, analyze site traffic, and show personalized content.
Welcome to Pump.fun!
Pump lets anyone create coins, giving everyone equal access to buy and sell from the start. Prices can move quickly, so trade carefully.
By clicking this button, you agree to the Terms and Conditions, Privacy Policy, and certify that you are over 18 years old.
We value your privacy
This site uses cookies to improve your browsing experience, analyze site traffic, and show personalized content.
Parmesan Parmesan Backed Collateral TokenStats
0.00%
Supply change
0.00 USDC
Liquidity
—
Mayhem trades
-0 USDC
Mayhem Agent Profit
Actions
Mayhem agent completed
Mayhem mode has ended, either the 24-hour window expired or the SOL reserves were depleted.
“Let me get this straight, you’re lending billions with cheese as collateral?” “Not cheese. Parmesan. Parmigiano-Reggiano to be precise.“ “So, you finance this by packaging the Parmesan loans into Parmesan CDO A, which has part of Parmesan CDO B and both get put into Parmesan CDO C?” “Yeah. The original loans are backed by wheels of Parmesan. Minimum age of 12 months. Some are 24 months. 36 months. 48 month. Hell, up to 120 months. Delicious. Millions of wheels. But Parmesan CDO C is a synthetic Parmesan CDO. A CDO of Parmesan CDOs. Parmesan Squared if you will.” “What if it gets too hot in the summer and the wheels of Parmesan melt?” “We’ll sell Parmesan credit default swaps.” “C’mon! How much bigger is the market for Parmesan-backed sythentic loan and CDS products than actual edible real-life Parmesan that I can grate on top of my homemade spaghetti bolognese tonight?” “At least 10,000x.” “Ok, let’s say we have an underlying pool of $10 million in Parmesan wheels. How much money could be out there betting on your synthetic Parmesan financial products?” “Probably $100 billion.” “That is fucking crazy.” “No, it’s awesome.”
