# NetNet

> Track NetNet's market cap with daily on-chain data. Compare NetNet with other asset management projects. See charts and datasets in one place. Updated daily.

Source: [NetNet on Token Terminal](https://tokenterminal.com/explorer/projects/netnet). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: NET
- Sectors: Asset management
- Chains: robinhoodchain

## About

### What it is

NetNet is a reserve-backed token protocol on Robinhood Chain, built on the OlympusDAO v1 architecture. Its treasury holds USDG as the sole reserve asset, with an on-chain invariant that every NET is backed by at least 1 USDG of risk-free value. Idle treasury USDG earns yield in Morpho, capped at 70% of the balance. The protocol also runs a set of separate payout desks and a real-world bond desk.

### Who uses it

NET holders are the protocol's shareholders. NetNet Capital Management operates without a policy committee — the dividend formula and the 1 USDG backing floor are fixed on-chain and cannot be modified by governance.

### How it works

Users buy NET on Uniswap or mint it through bond sales against the treasury, then stake it to receive sNET. The Distributor mints new NET each 8-hour epoch and the staking contract rebases sNET so every staked balance grows proportionally. The dividend rate is a fixed function of the premium of NET's market price to NAV: zero at or below NAV, scaling linearly to 0.45% per epoch at a 1.75x premium.

## Metrics

Token Terminal tracks these metrics for NetNet daily. Each page has a chart with the full history.

- [Price](https://tokenterminal.com/explorer/projects/netnet/metrics/price)
- [Fully diluted market cap](https://tokenterminal.com/explorer/projects/netnet/metrics/market-cap-fully-diluted)
- [Circulating market cap](https://tokenterminal.com/explorer/projects/netnet/metrics/market-cap-circulating)
- [Token trading volume](https://tokenterminal.com/explorer/projects/netnet/metrics/token-trading-volume)
- [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/netnet/metrics/token-turnover-fully-diluted)
- [Token turnover (circulating)](https://tokenterminal.com/explorer/projects/netnet/metrics/token-turnover-circulating)
- [Token holders](https://tokenterminal.com/explorer/projects/netnet/metrics/tokenholders)
- [Circulating supply](https://tokenterminal.com/explorer/projects/netnet/metrics/token-supply-circulating)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/netnet/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/netnet/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/netnet/metrics/active-addresses-monthly)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/netnet/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/netnet/metrics/gas-used)

## Links

- [website](https://netnet.capital/)
- [twitter](https://twitter.com/netnetcap)
- [docs](https://docs.netnet.capital/)