1./ Just imagine a collaboration between @prism_protocol and @ApolloDAO. All mAssets, $LUNA, $ANC, $MIR, $MINE and way more tokens split into yield bearing tokens and principal tokens, all pooled against $PRISM and made available in auto compounding vaults on @ApolloDAO
2./ The only thing you have to do is deposit $UST at @ApolloDAO and everything else will be taken care of behind the scenes. This would be so user friendly and create so much value for $PRISM at the same time...
3./ Keeping in mind that they're also planning to integrate other cross chain assets like $SOL, $ATOM and $ETH, @prism_protocol is going to attract an unbelievable amount of value. It's literally a #BlackHole.
4./ $PRISM is my gem and there is no way this is going to disappoint. A project that both has a completely new product for #DeFi and has a mind blowing value capture is very, very rare.
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1./ Now Col-5 has launched it's time to look forward. Let me take you straight to September 2022.
It's been a rough year. All the centralised stable coins suffered from the actions of the regulators, but their was one stable coin they couldn't get their hands on: $UST!
2./ Because of this, combined with the ongoing mainstream adoption of crypto currencies $UST now has a marketcap of more than $USDC, $USDT and $UST combined one year ago. Of course this means $LUNA went parabolic and now is the most wanted asset around
3./ The few other stable coins that are still being used are mostly deposited into @orion_money where also the users of other chains receive an APY of around 20% because @anchor_protocol keeps delivering, helped by @neptune_finance.
1./ What if all stable coins on #Ethereum will be converted into $UST? Is that bullish? What would this mean for $LUNA?
I think this is possible. The only thing we need is a collaboration between @orion_money and @prism_protocol.
Let me explain what I'm thinking about:
2./ As we all know by now @prism_protocol is planning to split tokens into yield bearing tokens and principal tokens. Also stable coins. We also know @orion_money is giving the best APR's on $DAI, $USDT, $USDC, $FRAX and $BUSD by making use of @anchor_protocol.
3./ Not even to mention the APR's @orion_money will provide when their token $ORION launches.
Behind the scenes those stables are converted to $UST to receive this #APR. But what if we let @prism_protocol join the party?
1./ "When best of two worlds merge, the power won't be accumulated but it will be multiplied"
Columbus-5 will connect Terra to IBC. What this is gonna do is beyond imagination.
A quick thread:
2./ Once the Columbus-5 upgrade is finalised, $UST will be the first stable coin on @osmosiszone. Till now it still isn't possible to pool your assets against a stable coin. This means when you just want to have $Atom or $Osmo you need to have another volatile asset to pool.
3./ A stablecoin to pool against will give a lot more opportunities than there are now. Because of this, the demand for $UST will explode. We all know what that means.
But this is just the beginning. Let's talk about the $Prism token:
2./ Like many tokens, the $Prism token will be used for governance. Also, once staked, users will receive fees earned by the protocol. But this isn't the amazing part. If you love @THORChain, you'll fall in love with $Prism instantly.
3./ At @prism_protocol you can deposit your $Luna and split this in $yLuna and $pLuna. Once you did this, you deposit those tokens in liquidity pools so people can trade them. And every liquidity pool has as base asset... $Prism. Amazing!