Discover and read the best of Twitter Threads about #Luna

Most recents (24)

It's wild to see @RaoulGMI & @RealVision's immoral sh*tcoin grifting bite them in the a** so viciously and quickly. Their comments section on YouTube is hilarious. Imagine choosing a business model guaranteed to make your members hate you.
#Luna #UST #DontKwon ImageImageImageImage
Read 4 tweets
Past 2 weeks have seen a massive deleveraging in #Defi. Two giants @CurveFinance and @LidoFinance have just lost >50% TVL in just one week.

In this 🧵, I look at what is happening to @LidoFinance and its implications post $UST collapse Source: TokenTerminal
From ATH TVL of ~$21 billion in April, LIDO TVL has nosedived to ~$8 billion by May 14. ~11 billion drop in TVL ($19 billion to $8 billion) happened just in the week after $UST debacle. Source: DefiLama
LIDO is a liquidity staking platform that locks $eth for $steth (can be used as collateral/ asset pooling & earns staking rewards)

LIDO saw a gradual increase of TVL in anticipation of 'The Merge' for Ethereum 2.0. 4.1 mil $eth worth $8.2 billion staked. Source: dune analytics
Read 12 tweets
Story time: Those who were around in the last bull run must know about Bitconnect, a lending and exchange platform.The price soar from .017 (ICO) to 463(ATH). It crashed 90% followed by a crypto winter. Investors lost about 250M. (1/1)
Everyone said cryptos are gonna go to 0 , BTC went to 4000. Everyone panic sold and left the crypto space (1/2)
That is when the whales bought huge amount of BTC (1/3) ImageImageImage
Read 6 tweets
Vid from March 17 , 2022.
"Undeniable Proof that Luna +UST" = Ponzi

@TheMoonCarl #Luna #LUNAtic $LUNA.
is this vid from that time? good research ...
first 2 mins and it´s a very well done vid.
from a precious metals guy like me this is all new. but the crypto insiders: #Luna was an easy forecasst !
Read 3 tweets
#terraluna, The Most Centralized Protocol Out There,

Crashed Last Week Wiping Out $400 Billion Of Crypto MarketCap Along With It.

Why Is Decentralization The Most Important Metric To Evaluate Crypto Projects?

A Beginners Guide to Project Selection Based On Decentralization🧵👇
The traditional financial institutions that prevail in the world are known to be notoriously centralized.

It is the advent of cryptocurrency that ushered in an era of decentralized finance (DeFI).

The underlying technology for this new area of finance is the blockchain.
Many assume blockchains are decentralized by default,

but decentralization is a spectrum,

and some platforms are more decentralized than others.

Let's dig into the decentralization of crypto projects and how it can be assessed. 👇
Read 23 tweets
SHO's are this cycles ICO's ? I like this project but this type of alphabet shuffle is a direct reaction to the lack of clarity in the market. #XRPL needs more adoption but I wonder what the impact of possible security offerings have on perception.
#NFT's and their tokens for projects that aren't built are easy targets for the @SECGov new #cybersecurity group. @GaryGensler just asked congress for more money to go after what they perceive as fraud. I am not a lawyer, but I was licensed to sale securities.
A safe harbor provision would be amazing as most projects go from centralized offerings to decentralized, chain level. The issue I see with large #NFT projects is that they cannot become sufficiently decentralized. #BAYC's proposed chain faces this issue.
Read 5 tweets
0/It's time for us to bring this topic up for discussion. 

This thread will help you understand the difference between USN/NEAR and UST/LUNA 
Both are algorithmic stablecoin, but what differentiate USN/NEAR, for them to prevent the same tragic crash that happened to UST and LUNA
TLDR 😅

4 Main reasons why $USN is different from $UST

1/ Smart working mechanism of $USN

2/ $USN owns a more sustainable mechanism than $UST

3/ $USN is just getting started, hasn't fallen into the FOMO phase yet

4/ The stability of the @NEARProtocol ecosystem
@NEARProtocol 1/ First, to understand how $USN works, you need to re-read this thread 

 

to understand @DcntrlBank‘s price stabilization mechanism, asset collateral strategy and its management approach for $USN
Read 20 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
Yo les kheys ! Ca fait un moment qu'on s'est pas fait une grosse analyse de marché #crypto. Je vous propose donc qu'on fasse le point et qu'on essaie de voir à quelle sauce on va être mangé dans les prochaines semaines. Let's go 🧵
Ca ne vous aura pas échappé, #BTC a perdu le bas de son range hebdo. Nous n'avions pas clôturé sous $31,8K depuis plus d'un an. Le fait que nous nous soyons installés sous ce niveau en hebdomadaire n'a pas de quoi me rendre optimiste pour les semaines à venir.
Alors certes, on a fait une grosse mèche, qui montre une belle absorbation de liquidités et donc de la demande. Néanmoins, il est encore trop tôt pour dire si cela correspond à un mouvement "panic buy" ou à un réel intérêt acheteur sur ces niveaux.
Read 15 tweets
.@stablekwon has proposed to fork #Terra_Luna blockchain. This is a momentous decision.

Before voting on it, let's first look at 2 notable blockchain forks. Why we needed those forks, who proposed them, and how it ended.

Let's dive in. 👇 1/n
1. The infamous DAO hack.

In 2016, a group of @ethereum users launched a DAO- an investment fund that allowed members to vote on and fund future Ethereum-related projects. They raised more than $160 million worth of #ETH from about 11k investors.

Then came the hackers. 🥲 2/n
They found a bug in the smart contract and siphoned 3.6mil ether from the fund.

Think of smart contracts as vending machines. Pop in a dollar, pick the drink and it should dispense it. A vulnerability is akin to getting a free drink without paying.

The community responded. 3/n
Read 14 tweets
Algorithmic #stablecoins have become the most discussed topic in CT since the collapse of $LUNA and $UST.
1/ But what preceded these events and is there a future for also stables? The thread will be very long 🧵
2/ *Intro starts here*

Algorithmic stablecoins probably started with two articles from as far back as 2014:

◽️ Hayek's Money: A Solution for Cryptocurrency Price Stability" by @Ferdinando1970
◽️Cryptocurrency Stabilization Note: Seigniorage Stocks by @codedlogic
3/ @Ferdinando1970 proposed a cryptocurrency with an elastic supply that would be recalculated on the balances of all users in accordance with demand.
Read 25 tweets
Earlier today during my weekly update with our customers @koinsandkash, I shared some insights into what happened to the Crypto market last week.

As usual, I tried to break it down as much as possible.

I'm sharing this here as many people still need clarity.

#ust #luna #btc
This summary looks at the three main players involved - #ust, #luna and #btc

By extension, anytime btc is affected (especially negatively), most of the market reacts negatively too.

A quick summary of what went wrong in the market last week.

🧵👇🏽
1. $Terrausd ($ust) is an algorithmic stablecoin that has no backing unlike usdc, usdt, busd and dai. This is a new technology that has not worked successfully however #ust was making some progress. Nonetheless it still had clear flaws.
Read 16 tweets
Les particuliers qui ont été ruinés sur les cryptos n'ont que leurs yeux pour pleurer.

Même s'ils ont pendant longtemps été virtuellement riches.

Mais tant qu'ils n'ont pas matérialisé leurs gains en vendant leurs actifs, ils n'ont nullement profité de leur gains comptables.
⤵️
C'est différent dans le monde bancaire.

Les banquiers touchent des rémunérations sur une valorisation comptable de leurs portefeuilles.

Même si les gains ne sont pas réalisés, et que les plus values sont comptables, les banquiers se partagent des bonus les bonnes années !
Et quand les choses se compliquent et que les pertes deviennent colossales, ce sont les États et les banques centrales qui viennent à la rescousse, et ce sont les citoyens qui paient les pots cassés.

Les profits sont privatisés et les pertes socialisées !
Read 8 tweets
Are you connecting the dots?

1/ Last week: Mexican President @lopezobrador_ threatens to cancel his participation in the Summit of the Americas in June, as have done several other Latin-American leaders.

washingtonpost.com/national-secur…
2/ He did meet, however, with the President of #ElSalvador about a week earlier.
laprensalatina.com/lopez-obrador-…
3/ Few days ago: First unconfirmed information about a large group of developing countries attending a summit in #ElSalvador.
Read 11 tweets
🌕 En una hora se perfecciona el Eclipse lunar en el grado 25 del eje #Tauro #Escorpio en cuadratura a #Saturno ✨👇🏻
Los #eclipses son eventos importantes ya que están relacionados a los #nodos de la luna, puntos que tienen que ver con nuestro destino/propósito de vida
Son grandes oportunidades para alinearnos con nuestro ser ya que se evidencia lo que no va más. Nos invitan a registrar nuestro mundo interior y a entregarnos a lo que nos sucede.
Read 9 tweets
The reason @CelsiusNetwork is not at risk is that they are responsible for #crypto commodities not valuations. They provide liquidity to markets in the form of a commodity.

The value of the commodity decreasing doesn’t matter.

1/15
In fact, outside of #Luna and its #UST pair, the underlying commodity #CelsiusNetwork has is still the same.

And the yield it provides is a commodity relationship — not a valuation one.

Thus, users receive a stable amount as yield because the yield contract is stable.

2/15
If I offer you sugar on an exchange and the price goes down on it, I still own my sugar. Someone else may have determined my sugar is worth less — but that’s not the risk at hand.

The commodity itself is intact.

3/15
Read 15 tweets
One thing that has been consistent with MrPool is photos of the MOON!
$LUNA means moon. 🌖

The tokens are being recycled ♻️ now to be pegged to the new US digital dollar > $UST > which is #LUNA stable coin U.S. TERRA! 🇺🇸 🙌🏼 #XRP
Check out all these tokens including #XRP that have just been recycled pegged to $LUNA 🌖 stable coin > $UST > U.S. TERRA 🇺🇸
$LUNA stable coin $UST
This is it everyone! This is the moment we all have been waiting for! @Ripple #XRP
Read 4 tweets
1/ Dear beautiful #Luna NFT projects. Please do your research before deciding on a new blockchain. You’ve already suffered a major catastrophe, and don’t need to be onboarded to a blockchain with downtime or forks. DYOR. Here’s a little on the @Algorand NFT community🧵👇 #algoNFT
2/ Algorand is green, does not fork, has 100% uptime, transaction fee of only 0.001 $algo, instant finality, atomic swaps built into the protocol, falcon keys (quantum secure), state proofs (trustless bridges), trilemma solver built by a Turing award winner @silviomicali.
3/ Utility:@FIFAcom is building a new wallet supporting NFTs on Algorand, @opulousapp is NFT ownership/royalties of songs, @Dequency_io music sync licensing, @lofty_ai fractionalized NFT ownership, @SIAE_Official tokenized 5 million nfts representing copyrights in Italy
Read 7 tweets
[THREAD] LES LEÇONS À TIRER DU KRACH DE #LUNA

Yo les kheys ! A moins de vivre dans une grotte, vous n'avez pas pu louper le krach de @terra_money. Au lieu de refaire l'histoire, j'aimerais qu'on tire les leçons de ce fiasco et qu'on s'en serve pour l'avenir. Let's go 🧵

1/28 Image
Avant de démarrer, je précise que ce thread n'a pas vocation à revenir sur ce qu'il s'est passé cette semaine sur @terra_money. De nombreux articles très qualitatifs ont déjà été faits à ce sujet. Je vous invite notamment à lire celui de @Artem_Oak.

2/28
Le but de ce thread est de se servir de cette expérience pour détecter les erreurs commises par les investisseurs (dont je fais partie) et de s'en servir pour trouver des points d'amélioration qui nous servirons dans les années à venir. C'est parti 👇

3/28
Read 28 tweets
Kripto Piyasasında olan herkese fayda sağlayacak ve stratejinizi kendinizin de belirleyebileceği hale gelmenizi sağlayacak web sitelerini sizler için derledik. Hadi başlıyalım.💫
#Bitcoin #AVAX #LUNA #lunaterra #kriptopara
1.Piyasada olan projelerin kontrat adreslerini bulunduğu, anlık olarak değer takibini yapabileceğimiz, kendi portföyümüzü oluşturabileceğimiz, kripto paralar için kendi kategoriye ayıran geniş kapsamlı sitemiz: coingecko.com/tr
2. Site içerisinde kendi portföyümüzü oluşturup takibini kolayca sağladığımız coinlerin geçmiş verilerinin hangi borsalarda listeli olduğunu gösteren, #coingecko ile benzer bir site olan @CoinMarketCap
coinmarketcap.com
Read 23 tweets
טוב, אבל אם כבר לונה, אז יאללה: סיכום קטן (אך לא קצר), על איך התאדו להם יותר מ-40 מיליארד דולר:
1. קודם כל, כדי להבין את לונה, אנחנו בעצם צריכים להבין מהו Stablecoin. סטייבלקוינס, או בעברית, מטבעות יציבים, הם מטבעות שערכם צמוד לערך מטבע רגיל כלשהו - דולר, אירו וכו'.

סטייבלקוינס מתחלקים לשני סוגים עיקריים:
1. סטייבלקוינס מגובי פיאט (מגובי כסף רגיל) - כשמם כן הם. אלה טוקנים, מטבעות קריפטו שקיימים על שלל רשתות בלוקצ'יין, שעל כל טוקן אמור להיות דולר/יורו/וכו' אחד בחשבון הבנק של החברה המנפיקה.
הסטייבלקוינס הגדולים ביותר הם מהסוג הזה - USDT ו-USDC (אבל בואו נגיד ש-USDC הוא האמין יותר).
Read 26 tweets
Stablecoin models like @UXDProtocol have been the center of discussion.

Their seed round was led by @multicoincap & backed by @AlamedaResearch, @DeFianceCapital, @cmsholdings, @SolanaFndn, etc.

But how does @UXDProtocol work?

Is it the next #LUNA?

Let's dive in 👇
Hold on, what is @UXDProtocol?

@UXDProtocol is an algorithmic stablecoin backed 100% by a delta neutral position using derivatives on @Solana

By integrating with derivative dex protocols, such as
@mangomarkets, they create a delta neutral position to back their stablecoin.
@UXDProtocol recently made this amazing thread explaining how they can solve the "stablecoin trilemma."

Feel free to check it out for more details!

But if you're too lazy to read, I'll give the TLDR.

Read 24 tweets
My personal reflections on the $Luna $UST collapse.

This is a post-mortem from the perspective of a retail pleb from crypto class of 2021 during arguably the most hellish week of crypto history🌑

1/26

#Luna #UST #Terra #Crypto #Cryptocurrency
I considered myself a relatively conservative investor. I had exposure to $Luna and $UST but knowing the risks of algo stablecoins, I made it a daily routine to check the important indicators:

1. Anchor deposits and yield reserve 🏦
2. Top aUST wallets 🛅
3. Curve pools 🚰

2/26
All the signs were there:

1.Anchor’s UST deposits started decreasing since 8 May and accelerating.

2.A top UST holder has been sending UST to CEXs aggressively.

3.The % of UST in Curve pools has been increasing, means less liquidity for exit out of UST.

3/26
Read 28 tweets
1/ To summarize my thoughts on the recent #LUNA event:

I had a chat with them in 2018 in the private round when I was in charge of investment at OKex. I met Do Kwon and Daniel three times. At that time, Terra team didn't want to develop a stablecoin project, but offline payment.
I was not optimistic at the beginning and passed this project. But someone in our investment team liked it so much that OKex decided to invest. It turned out that the project was one of OKex's highest ROE project ever.
2/
For those of us who have been in the industry for a long time, we may not be interested in this kind of thing at first. Its ecology is like flying with the left foot on the right foot. Everyone with basic physical common sense knows that it cannot fly, right?
Read 16 tweets

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