Metamatician NFTs are based on famous mathematicians and are randomly generated with 100% on-chain art and metadata.
They are the liquidity providers (lenders).
The purchase price, which is 0.618
, is a user's stake in the underwriting pool upon mint.
100% of the protocols revenue is passed through to owners of Metamaticians.
The DeFrag protocol generates yield in USDC. This means that owners of Metamaticians will be claiming their yield rewards in the form of USDC.
The underwriting pool is using liquidity from minting proceeds, meaning Metamatician NFT holders are the Underwriters. Each representing a proportional share of the pool and fees earned.