Discover and read the best of Twitter Threads about #Terra_Luna

Most recents (9)

Why do you love $ATOM, IBC and the Cosmos ecosystem?

Here are the top 3 reasons we cannot get enough of Cosmos.

๐Ÿ‘‡
1/

Embrace all tribes, no salty vibes.

It's extremely counterproductive how communities split up in tribes defined by which blockchain you support, especially when blockchains are supposed to be open and transparent.

Cosmos encourages new chains, and shares their success.
2/

Group effort, no cult leader.

No Vilatik $ETH

No CZ $BNB

No Justin $TRX

No Charles $ADA

No Gavin $DOT

No Alex $CEL

Sure Cosmos is founded by Jae and Ethan, but they are not put on a God-like pedestal. Others have picked up and taken the tech to new heights.
Read 5 tweets
1 of 12. This thread is targetting information about $LUNA 2.0 and the airdrop coming from genesis.
What are the implications ?
What and when will you receive what?

$UST #Terra_Luna #terraluna #TerraUSD
@OAlsta @Nate_UST @thecontrarycow @terra_money @stablekwon @Orca_Club
2. Letโ€™s base ourselves on the picture of the first post.

Outside of community funds, receiving a share of 25%, the rest will be separate thru 4 categories.
Pre-Attack aUST (100m LUNA)
Pre-Attack LUNA (350m LUNA)
Post-Attack LUNA (100m LUNA)
Post-Attack UST (200m LUNA)
3. Pre-Attack aUST
According to the Prop. 26.72% of aUST are considered. For a total of 3.874G $UST.
Hodlers with more than 500k aUST will be limited to a claim having a valuation of 500k aUST.
None available at genesis.
15% available @ genesis remaining vesting (details to come)
Read 13 tweets
Didn't have time to watch the full episode of The Daily Briefing with @leadlagreport & @AshBennington?

Here's a ๐Ÿงต to get you caught up.

1/8 "Believe me when I say this, the #stockmarket will break #inflation faster than the #Fed."
2/8 The Fed & policy rate normalization ๐Ÿ‘‡

"...No amount of intelligence increases the clarity of one's crystal ball..."
3/8 @leadlagreport on crashes ๐Ÿ‘‡

"When you have so much leverage, the risk is not that the Fed is late to hiking rates. The risk is that the market crashes and they have to then re-lever it up again."
Read 8 tweets
1/๐Ÿงต 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
.@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. ๐Ÿ‘‡ 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. ๐Ÿฅฒ 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
#Terra_Luna $UST $LUNA

It appears an inside job was allowed to be carried forth to bail out a whales all while the retail bag holders got incinerated. ๐Ÿ”ฅ

Massive class-action / criminal proceedings possible with this. ๐Ÿ‘‡

newmoneyreview.com/index.php/2022โ€ฆ
Check this out. โ˜๏ธ

How hilarious and tragic is $LUNA $UST being an algorithmic stablecoin when you can just cut a backroom exit deal before you dump on retail investors and probably add a leveraged short on your way out the door!

@INArteCarloDoss @CasPiancey @BennettTomlin
Might want to keep an eye on this.โ˜๏ธ

@gnoble79 @Bitfinexed @intel_jakal @mutedao_
Read 5 tweets
ื˜ื•ื‘, ืื‘ืœ ืื ื›ื‘ืจ ืœื•ื ื”, ืื– ื™ืืœืœื”: ืกื™ื›ื•ื ืงื˜ืŸ (ืืš ืœื ืงืฆืจ), ืขืœ ืื™ืš ื”ืชืื“ื• ืœื”ื ื™ื•ืชืจ ืž-40 ืžื™ืœื™ืืจื“ ื“ื•ืœืจ:
1. ืงื•ื“ื ื›ืœ, ื›ื“ื™ ืœื”ื‘ื™ืŸ ืืช ืœื•ื ื”, ืื ื—ื ื• ื‘ืขืฆื ืฆืจื™ื›ื™ื ืœื”ื‘ื™ืŸ ืžื”ื• Stablecoin. ืกื˜ื™ื™ื‘ืœืงื•ื™ื ืก, ืื• ื‘ืขื‘ืจื™ืช, ืžื˜ื‘ืขื•ืช ื™ืฆื™ื‘ื™ื, ื”ื ืžื˜ื‘ืขื•ืช ืฉืขืจื›ื ืฆืžื•ื“ ืœืขืจืš ืžื˜ื‘ืข ืจื’ื™ืœ ื›ืœืฉื”ื• - ื“ื•ืœืจ, ืื™ืจื• ื•ื›ื•'.

ืกื˜ื™ื™ื‘ืœืงื•ื™ื ืก ืžืชื—ืœืงื™ื ืœืฉื ื™ ืกื•ื’ื™ื ืขื™ืงืจื™ื™ื:
1. ืกื˜ื™ื™ื‘ืœืงื•ื™ื ืก ืžื’ื•ื‘ื™ ืคื™ืื˜ (ืžื’ื•ื‘ื™ ื›ืกืฃ ืจื’ื™ืœ) - ื›ืฉืžื ื›ืŸ ื”ื. ืืœื” ื˜ื•ืงื ื™ื, ืžื˜ื‘ืขื•ืช ืงืจื™ืคื˜ื• ืฉืงื™ื™ืžื™ื ืขืœ ืฉืœืœ ืจืฉืชื•ืช ื‘ืœื•ืงืฆ'ื™ื™ืŸ, ืฉืขืœ ื›ืœ ื˜ื•ืงืŸ ืืžื•ืจ ืœื”ื™ื•ืช ื“ื•ืœืจ/ื™ื•ืจื•/ื•ื›ื•' ืื—ื“ ื‘ื—ืฉื‘ื•ืŸ ื”ื‘ื ืง ืฉืœ ื”ื—ื‘ืจื” ื”ืžื ืคื™ืงื”.
ื”ืกื˜ื™ื™ื‘ืœืงื•ื™ื ืก ื”ื’ื“ื•ืœื™ื ื‘ื™ื•ืชืจ ื”ื ืžื”ืกื•ื’ ื”ื–ื” - USDT ื•-USDC (ืื‘ืœ ื‘ื•ืื• ื ื’ื™ื“ ืฉ-USDC ื”ื•ื ื”ืืžื™ืŸ ื™ื•ืชืจ).
Read 26 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 history๐ŸŒ‘

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 ๐Ÿฆ
2. Top aUST wallets ๐Ÿ›…
3. Curve pools ๐Ÿšฐ

2/26
All the signs were there:

1.Anchorโ€™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
We spent the last year figuring out what algorithmic stablecoins are and came up with a dynamic model that might help us understand whatโ€™s going on with #Terra_Luna . Here are our main takeaways. THREAD.
So whatโ€™s an algorithmic stablecoin? Fundamentally the idea is simple: you maintain a peg by dynamically adjusting stablecoin supply to match the demand so that the price doesnโ€™t change.
How is that possible? Creating more stablecoins to accommodate a positive demand shock is easy: you launch the printing press. The problem comes from removing stablecoins in buy-back operations because you need to give something in exchange.
Read 15 tweets

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