I largely agree with everything here, @terraworld_work looks like a 2017s ICO rug. Very scarce in how and who and a dreamy WP.

1/3
In their defense, the @pylon_protocol buyin swap at fixed price has now been canceled. The pylon mishap was probably a good thing in my mind.

It will now only be possible to get $TWD by depositing into pylon pools.

2/3

medium.com/@terraworldoff…
This also means that if they don't meet expectations, the pylon pools can be revoked by the @pylon_protocol DAO. Essentially cutting funding to the project.

These features are being enabled with the coming Columbus-5 upgrade.

3/3

medium.com/terra-money/co… Image
The pylon fat-finger was a mistake that led to a now feasible structure for $TWD. We learn most from the mistakes we make #LUNAtics, onwards.

$LUNA $TERRA $UST

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More from @profNFA

28 Aug
A thread on @StarTerra_io

$LUNA $TERRA $UST
Context: $STT launches their token IDO FCFS with the assumption that cautionary anti-bot measures are being deployed.

Launch: Prices rise from $0.14 to $32 in a minute.
The presumed anti-bot measures are later revealed to be pulled some 30 minutes from deployment.

This is not announced to the public on the grounds that it's for the protection of the normie user since:

,,We scared away the bots with the initial announcement´´
Read 14 tweets
26 Aug
Summary 🧵

$UST $LUNA $ADA $DJED #Stablecoin #Cardano #Terra

Author: @GooseCapitalLLC
Original article: thecryptodrip.com/the-stablecoin…
History:
- Austrian economist F.A Hayek postulates incentive markets are better than gov FIAT, 1976.
- Sees a world of free people, money, and capital movement.
- Self-interested banks would a better job at value preservation.
- Is being built rn, Stablecoins.
Stablecoins:
- Current iteration is a liq bridge, ref point Dollar.
- Very difficult for fiat and stables alike.
- Ex Thai baht removal US peg -> currency devaluation crisis.
- EX MakerDao black Thursday, cascading liq.
- Need development and network effects.
- Enter Terra, Djed ImageImage
Read 14 tweets

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