1/10 - My #Terra journey:

- in Oct 2020, was looking for a fundamentally strong project to validate in. based on a discussion with a crypto buddy that uses @SmartStake in multiple chains, started looking into Terra
- It was live for 16 months & starting as a validator is a no-no
2/10 - Seeing the fundamentals, the outward looking focus, decided to jump in & setup my validator
- Was a tiny community full of passionate folks Seb @NicholasFlamelX @kundunsan @Lu_It_Haeng Nacho, Aayush with firm belief that #Terra belongs @ #3 (after BTC & ETH)
- $Luna @ 0.30
3/10 - after remaining on the fringes for a bit, saw that community had questions about Luna supply changes ... more specifically, the reducing Luna supply and where it is going. Terra.smartstake.io was born to answer some of the questions
4/10 - Dec' 2020 bought 3 gifts from @d0h0k1 - @mirror_protocol was launched on 3rd Dec as a fair launch with lots of $MIR airdropped to $Luna stakers & $UNI holders. Event preceded by minting 70m+ $UST

1st dec - $UST - 17m, $Luna - 996m/$0.4
5/10 - 10th Dec - @BuzlinkO was announced as a referral program to boost #chai & payment use. It was an instant success as well.
In the meantime, $MIR was gaining usage steadily & $UST burning was increasing
6/10 - 17th Dec - @Mirror_Wallet app on mobile was released. Another instant success with a cool mobile app that allowed people to trade synthetics from their mobile devices. $100k UST trading competition helped as well

terra.smartstake.io has airdrop timer & apr stats

$0.5
7/10 - end of 2020 - by this time, #Lunatics was in full force. highlighting fundamentals, statistics, $MIR potential

$MIR gaining usage by the day
$UST demand and reach increasing

@SmartStake submits mirror.smartstake.io proposal

31 dec - $UST - 182m, $Luna - 994m/$0.64
8/10 - jan 21 - $MIR & UST are reaching places. multiple integrations announced.

#Lunatics reaching a new level

@SmartStake getting lots of love from all of you.

31 jan - $UST - 260m, $Luna - 993m/$1.5
9/10 - feb 21 - @terraform_cap born. project surge announced. @anchor_protocol gets hyped. @jumptrading proposal 4 minting live. $Luna 🔥. $UST minting crazily

seigniorage rewards - burnt Luna comes back

31 jan - $UST - 694m, $Luna - 941m/$5.3, $MIR -750m TVL, $168m mAsset mcap
9/10 - mar 21 so far - @anchor_protocol has a wild launch. almost 7% in $ value airdropped per staked Luna

faster minting params

$Luna 🔥. $UST minting crazily. seigniorage continues

current - $UST - 1.32b, $Luna - 952m/$22, $MIR - 1.42b TVL, $3.2m mAsset mcap, $ANC - 100m TVL
10/10 - path forward -

🚀Terra ecosystem will have many projects launching near term
🚀$Luna @ #12 -> path to #3 continues
🚀$UST - path to 10b in 2021
🚀$ANC will be the gold standard in savings before EOY

What is your Terra journey?

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More from @SmartStake

20 Mar
1/5) - Terrans - wondering whether to keep staking in your $Luna or you should use liquid staking to borrow $UST?

here is an earnings comparison:
1 - Luna staking
- $Luna + stablecoin rewards - 5-10%
- $ANC airdrop - 5-6%
- $MIR airdrop - 2%

@anchor_protocol
2/5) - Future genesis airdrops - $ANC airdrop gave 7% in one day by $ value - future launches may not match in airdrop value
- Risk - risk free staking

2 - Luna liquid staking - provide $luna as collateral (locked for 21 days like Luna staking). borrow $UST against collateral
3/5) - net borrow apy ($ANC farming) - 330%+
- net APR far outweighs standard rewards
- no staking rewards & no weekly or genesis airdrops
- Risk - liquidation risk of bLuna if Luna price drops
- you wont be staking with smart stake anymore 🤣

Conclusion:
- no easy choice
Read 5 tweets
14 Feb
1/8 - #Terra $Luna supply future outlook analysis & its likely consequences

- to meet $UST demand, $Luna continues to be burned to mint more $UST
- 6.6m $Luna burnt in each of the last 2 days
- terra.smartstake.io/history shows the burn & supply metrics

@terra_money #LunaToMoon
2/8 - pace is expected to remain at this level in near future & if anything may increase when proposal station.terra.money/proposal/36 is passed
- assumption - all network parameters remain as is i.e. same $Luna price, same staking ratio, TFL holdings not required 4 burning $Luna
3/8 - assumption - same $UST demand as today or atleast enough demand to not require the reverse flow (i.e. burn $UST & mint $Luna)

consideration - 64.4m staked amount from TFL holdings is excluded from calculations (plays no role in outcome)
Read 8 tweets

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