Thread by @CryptoMike__

🧵I see a lot of tweets about the upcoming COL-5 (#columbus5) upgrade in the @terra_money ecosystem. A quick thread about why it's a big deal and you should prepare for it, maybe even buying the dip right now 😉 $LUNA $UST $MIR $ANC $MINE

1 - Two factors are very important for the @terra_money ecosystem. First the adoption of $UST, secondly the burn mechanism of $LUNA to mint $UST. Both factors will improve significantly after the #columbus5 upgrade!

2- The adoption and demand for $UST will grown because of the added functionalities after the upgrade. The upgrade to Stargate enables IBC which is designed to integrate with other heavyweight blockchains such as @solana $SOL, @Polkadot $DOT and @cosmos $ATOM

3 - This will mean that $UST can be more easily used within those ecosystems and thrive to become their most adopted stable coin. This is likely with the added focus on regulating centralized stable coins and the perfect peg performance of $UST in the last few stress test

4 - The $LUNA burn will accelerate. Currently a portion of the seigniorage went to overfunded community pools. This will change and this portion will be burned immediately thus increasing the burn of $LUNA and eventually the price of the demand of $UST doesn't decrease

5 - Also, the col-5 upgrade will enable Ozone and Wormhole. Ozone will likely perform as the go-to insurance within the @terra_money ecosystem. Ozone with #columbus5 will bring an insured way of generating high yields, which by itself is rare, towards other ecosystems.

6 - Wormhole will create a bridge between @terra_money and @solana and enable better collaboration between both ecosystems. You might have already noticed the mutual interest between both parties and the rapid growth of @solana. $UST on @solana could be huge for us #Lunatics

7 - I hope you guys found this helpful! In light of all these facts I'm buying the dip and sitting tight. It's going to be one hell of a ride after #columbus5 with all the new projects launching with the added functionality. Also a reminder, be safe on @anchor_protocol!

8 - A quick overview of some of the cool upcoming projects, please do yourself a favor and check them out😀 @mars_protocol @spar_protocol @nebula_protocol @orion_money