Discover and read the best of Twitter Threads about #DoKwon

Most recents (4)

Thread (1/N)

#Terra did not spend their $BTC reserve for buy-back, like they said it did. It went to a cold wallet. To confirm for yourself, do the following:

1. Google LFG BTC address, which is shown below:
bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q Image
(2/N)

2. around 28k BTC was sent to:
163mp4eKBixViv7VPwG3aKvcNDkh3UmsSP

3. Around 42k BTC was sent to another address:
bc1qwuwyt0q83gr4cvawgdwdqeum0y2mfkx44hlzd7ke2syg3vddql8scn63rm

4. Quickly transferred to:
163mp4eKBixViv7VPwG3aKvcNDkh3UmsSP Image
(3/N)

Then quickly again to:

bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h

(4/N) Next, all 28k and 42k of $BTC were sent to:

3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6
Read 4 tweets
1/🧵 My $Luna Journey & Why I am Upset/Disappointed
Many are mad at/disappointed in #DoKwon #Terra_Luna #LFG , #influencers etc. I am NOT. I am upset w/Myself bc I know better. This isn't my first rodeo.
2/ Some may feel a couple of my comments to be a little harsh but I hope you see the balance in my assessment should you read the entire thing. I will address 5 Red Flags I ignored & Humbly give some suggestions for the future based on what I've learned from others & myself
3/
1) How this could've even realistically worked w/the US Gov
2)Echo-chamber in the community
3) Over-leveraging strategies/Number go up
4) Do's actions/comments
5) The community's reactions to Do's behavior/comments & the unwavering idol worship
Read 34 tweets
JUST IN: #DoKwon submits a revival plan for #Terra including resetting the network ownership to 1B tokens. Maybe it's not game over for #Luna just yet? 👇🧵
@stablekwon proposes to establish a new chain, resetting the supply to 1B tokens. The priority is to preserve the Terra ecosystem community, which is the primary source of value for Terra.
The new chain is to be community run, i.e. the distribution of the new token is to be airdropped to community participants, and none allocated to #TerraformLabs. Check the proposed distribution here.
Read 5 tweets
Why $ust's peg has everything to do with @CurveFinance's #3pool

A thread on $ust's collapse with @dicksonlai_ @GabrielGFoo @themlpx 🧵

@TheSpartanGroup @nansen_ai

#luna
1/ The story begins - believe it or not - with $DAI, and how it maintains its peg.

As a stablecoin backed by collateralized debt positions, the outstanding loans within DAI’s economy play an important role with regard to DAI’s ability to maintain its peg.
2/ When DAI is above peg, borrowers will be incentivized to take more loans with their collateral and sell DAI off on the market.

As a result, this increases DAI’s circulating supply, bringing DAI back to peg.

Vice versa.

Diagram by @dicksonlai_:
Read 16 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!