Discover and read the best of Twitter Threads about #plunaarmy
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Here's why everybody should be buying $pLUNA on @prism_protocol right now👀
A short 🧵, you won't regret💸
A short 🧵, you won't regret💸
1/ Let's start with the basics: @prism_protocol let's you split ("refract") your $LUNA into two components:
- $yLUNA: representing the underlying $LUNA's yield (current APR 42 % on @prism_protocol) and
- $pLUNA: representing the principal
$pLUNA + $yLUNA = $LUNA
- $yLUNA: representing the underlying $LUNA's yield (current APR 42 % on @prism_protocol) and
- $pLUNA: representing the principal
$pLUNA + $yLUNA = $LUNA
2/ The current ratio of these two components is heavily weighted towards $yLUNA, it representing around 87 % of $LUNA's price ($81), while $pLUNA is only capturing the remaining 13 % ($12). 🤔
That's no wonder as...
That's no wonder as...
#yLUNA will fail without a strong case for #pLUNA.
A 🧵 on the symbiotic relationship between these tokens.
A 🧵 on the symbiotic relationship between these tokens.
1/ While as #pLUNADAO we are focusing on creating value and use cases for #pLUNA, we believe these tokens to have a "symbiotic" relationship. Neither can thrive, without the other succeeding as well.
2/ Why do we believe this to be case?
#yLUNA and #pLUNA are synthetic components of #LUNA. By splitting ("refracting") LUNA on @prism_protocol a plethora of potential use cases open up for #LUNA and all of its #ecosystem. This is the inherent magic of the @prism_protocol.
#yLUNA and #pLUNA are synthetic components of #LUNA. By splitting ("refracting") LUNA on @prism_protocol a plethora of potential use cases open up for #LUNA and all of its #ecosystem. This is the inherent magic of the @prism_protocol.
