I've been hearing "wen col-5??" since April, and I've grown impatient myself, licking my chops at the prospect of yield farming $UST pairs with every @cosmos token in @osmosiszone DEX.
Here's new alpha on why it's WORTH THE WAIT!! 👇🧵
As reported by @ajcheshier, COL-5 will launch after Cosmos SDK v0.43 goes live.
#LUNAtics know what Col-5 does, but what does Cosmos v0.43 do? /2
Not much... except maybe IT INTEGRATES COSMOS TOKENS DIRECTLY WITH COINBASE'S ROSETTA STONE API! /3
Is this a guarantee that $LUNA will be listed on @coinbase soon? No, but it does mean that post Col-5, $LUNA will not only be interchain within @cosmos, but also will be compatible with MULTIPLE EXCHANGES, wallets, etc. Bullish for @terra_money and @cosmos tokens! $AKT $DVPN /4
Some people have asked why $LUNA crashed so hard and recovered slowly in the last 30 hours. Valid question. @terra_money has the most enthusiastic support in CT. That's great, but we need to keep our enthusiasm grounded in reality. 1/12
The @terra_money use case needs no additional hopium. IMO this crash dashed some unrealistic assertions, none of which originated with core team: /2
1. $LUNA is not "bear proof". IMO it's true that it's countercyclical and will be long-term bear resistant due to its design and use case, but that doesn't mean it's "crypto crash proof". Any known market asset price will be ... /3