Discover and read the best of Twitter Threads about #USTonSolana
Most recents (1)
1/ #USTonSolana is a trending topic 🔥
All eyes are on @MercurialFi. The vote to fund them with 167k$ in $LUNA to incentive the $UST pool will end tomorrow. The result is clear: 99,3% vote yes.
So, who is @MercurialFi, and what can we expect as #Lunatics on @solana?
🧵👇
All eyes are on @MercurialFi. The vote to fund them with 167k$ in $LUNA to incentive the $UST pool will end tomorrow. The result is clear: 99,3% vote yes.
So, who is @MercurialFi, and what can we expect as #Lunatics on @solana?
🧵👇
2/ Why @solana? As outlined in the initial agora post by @jkuanderulo, the concept of $UST is based on growth and utilization.
Solana promises a bright future in DeFi, with @MercurialFi as the core protocol for stablecoin adaption. So, a way to grow $UST usage & utility!
Solana promises a bright future in DeFi, with @MercurialFi as the core protocol for stablecoin adaption. So, a way to grow $UST usage & utility!
3/ @MercurialFi enables low slippage swaps for stablecoins on multi-token pools.
Instead of having a pair like USDC-UST, they create a vault out of USDT, USDC, and UST.
By introducing dynamic fees, they created a unique, secure, and highly liquid environment for stablecoins.
Instead of having a pair like USDC-UST, they create a vault out of USDT, USDC, and UST.
By introducing dynamic fees, they created a unique, secure, and highly liquid environment for stablecoins.
