Columbus-5 is 48 hours away.
What does it mean in practice...
And what do you need to do before the update is live?
Urgent Thread: π
What does it mean in practice...
And what do you need to do before the update is live?
Urgent Thread: π
If you think Col-5 is a simple @terra_money upgrade...
You are dead wrong.
The implications from its development are about to shake the whole ecosystem...
And affect all $LUNA'tics lives.
Here's the good, the bad and the ugly...
And how YOU need to prepare today:
You are dead wrong.
The implications from its development are about to shake the whole ecosystem...
And affect all $LUNA'tics lives.
Here's the good, the bad and the ugly...
And how YOU need to prepare today:
I will break this thread into 5 major points.
Each of them are about to immediately affect you after Col-5:
1. Seigniorage burning (and what it means to your wallet)
2. Staking rewards upgrade
3. The Stargate opportunity
4. Wormhole and $LUNA adoption
5. Ozone protocol
Each of them are about to immediately affect you after Col-5:
1. Seigniorage burning (and what it means to your wallet)
2. Staking rewards upgrade
3. The Stargate opportunity
4. Wormhole and $LUNA adoption
5. Ozone protocol
#1. Seigniorage Burning.
You probably know minting $UST requires burning an equal dollar amount of $LUNA.
This process is called seigniorage.
Previously, a chunk of it would land the community pool used for oracle rewards...
Yet, this will forever change in just 48 hours:
You probably know minting $UST requires burning an equal dollar amount of $LUNA.
This process is called seigniorage.
Previously, a chunk of it would land the community pool used for oracle rewards...
Yet, this will forever change in just 48 hours:
After Columbus-5, the community pool will be totally burned.
This means one thing:
$LUNA deflating.
Price goes up.
Does it mean you should buy more $LUNA?
That's up to you.
Yet one thing is certain:
This historically low price probably won't be ever back.
There's more:
This means one thing:
$LUNA deflating.
Price goes up.
Does it mean you should buy more $LUNA?
That's up to you.
Yet one thing is certain:
This historically low price probably won't be ever back.
There's more:
#2. Staking rewards upgrade.
It's no secret recent rise in $LUNA prices have lowered staking yields.
Yet, after Col-5, swap fees will start producing dividends instead of burning them.
In practice it means:
~2% less burn happening...
And staking yield increase above 10%.
It's no secret recent rise in $LUNA prices have lowered staking yields.
Yet, after Col-5, swap fees will start producing dividends instead of burning them.
In practice it means:
~2% less burn happening...
And staking yield increase above 10%.
Can you see already why $LUNA will go on a parabolic price raise after Col-5?
Here's another quick reason:
Col- 5 also means a huge amount of protocols launching at the same time.
Some of them are:
Here's another quick reason:
Col- 5 also means a huge amount of protocols launching at the same time.
Some of them are:
@mars_protocol
@orion_money
@astroport_fi
@nebula_protocol
@NexusProtocol
@prism_protocol
@staderlabs
@WhiteWhaleTerra
@Levana_protocol
Many of these protocols don't have an exact launch date.
But trust me on this alpha...
Most of them are scheduled right after Col-5.
Nextπ
@orion_money
@astroport_fi
@nebula_protocol
@NexusProtocol
@prism_protocol
@staderlabs
@WhiteWhaleTerra
@Levana_protocol
Many of these protocols don't have an exact launch date.
But trust me on this alpha...
Most of them are scheduled right after Col-5.
Nextπ
#3. The Stargate opportunity
Need another reason why $LUNA is about to explode?
With Col-5, #Terra will adopt the Inter Blockchain Communication Protocol (IBC).
What does it mean in practice?
Since Terra is built on @cosmos...
This will enable something never seen before:
Need another reason why $LUNA is about to explode?
With Col-5, #Terra will adopt the Inter Blockchain Communication Protocol (IBC).
What does it mean in practice?
Since Terra is built on @cosmos...
This will enable something never seen before:
Integrations.
Many, many integrations.
And also TONS of new users.
Just imagine Terra dapps connecting to projects like @osmosiszone or @SecretNetwork...
And btw...
Remember this?
Many, many integrations.
And also TONS of new users.
Just imagine Terra dapps connecting to projects like @osmosiszone or @SecretNetwork...
And btw...
Remember this?
https://twitter.com/stablekwon/status/1439380072805306371
See, IBC enables Cosmos SDK based blockchains (zones) talk to each other.
In practice this means token transfers and multi-chain smart contracts.
Guess who got the only decentralized stable coin?
As @sungjae_han put it, this enables massive adoption:
In practice this means token transfers and multi-chain smart contracts.
Guess who got the only decentralized stable coin?
As @sungjae_han put it, this enables massive adoption:
https://twitter.com/sungjae_han/status/1419013202935881730
Sounds like lots of news?
Let's recap before we move on:
1. Seigniorage burning = $LUNA π
2. Staking rewards upgrade = $LUNA π
3. Massive launches = adoption = $LUNA π
4. Stargate Upgrade = even more adoption = $LUNA π
But wait.
There's more:
Let's recap before we move on:
1. Seigniorage burning = $LUNA π
2. Staking rewards upgrade = $LUNA π
3. Massive launches = adoption = $LUNA π
4. Stargate Upgrade = even more adoption = $LUNA π
But wait.
There's more:
#4. Wormhole and $LUNA adoption
This is another topic so many #LUNAtics don't fully understand.
Ever heard of $wUST pools on @solana?
How in the world did our beloved $UST got "wrapped" to reach those far lands?
This is another topic so many #LUNAtics don't fully understand.
Ever heard of $wUST pools on @solana?
How in the world did our beloved $UST got "wrapped" to reach those far lands?
This happens because LUNA has a long travel to reach @solana.
First, it has to cross a bridge from Terra to @ethereum.
Next, there's another bridge from @ethereum to @solana...
This long and inefficient travel gives us "wrapped" UST.
Can you see where we can cut some road?
First, it has to cross a bridge from Terra to @ethereum.
Next, there's another bridge from @ethereum to @solana...
This long and inefficient travel gives us "wrapped" UST.
Can you see where we can cut some road?
See, Wormhole is that bridge we've been waiting for so long.
No more long trips through Ethereum...
No more hassle.
This means only one thing:
Even more adoption along with a smooth flow between the two ecosystems.
No more long trips through Ethereum...
No more hassle.
This means only one thing:
Even more adoption along with a smooth flow between the two ecosystems.
https://twitter.com/CryptoTripathi/status/1439497386896678915
#5. Ozone protocol.
Finally, we have this "little" project called Ozone.
As @FreyaJane89 put it:
It's "the first decentralised insurance system which uses covered vaults to protect depositors"
Sounds cool?
Now think what it really means to Terra...
Finally, we have this "little" project called Ozone.
As @FreyaJane89 put it:
It's "the first decentralised insurance system which uses covered vaults to protect depositors"
Sounds cool?
Now think what it really means to Terra...
https://twitter.com/FreyaJane89/status/1436298622371573772?s=20
Can you imagine how this will increase investors trust in Terra protocols?
More and more people will feel safe of technical failure risks.
And the already proved dapps on Terra will be exposed to...
Guess what?
A MASSIVE adoption.
So now you have it:
More and more people will feel safe of technical failure risks.
And the already proved dapps on Terra will be exposed to...
Guess what?
A MASSIVE adoption.
So now you have it:
Be ready for something big.
Seriously.
Terra is about to expand like never before.
So, what should you do?
As a dumb ape I am, I would never give you financial advice.
So if you don't invest into more $LUNA...
It's totally your call.
Be ready though:
Seriously.
Terra is about to expand like never before.
So, what should you do?
As a dumb ape I am, I would never give you financial advice.
So if you don't invest into more $LUNA...
It's totally your call.
Be ready though:
Maybe, when you look back at this thread...
Just maybe...
You'll go something like:
"Crap, I should of done that call"
Oh, and by the way, remember what my good buddy @TheMoonMidas warned:
Do not use any services during upgrade.
Just maybe...
You'll go something like:
"Crap, I should of done that call"
Oh, and by the way, remember what my good buddy @TheMoonMidas warned:
Do not use any services during upgrade.
https://twitter.com/TheMoonMidas/status/1442190734627520516
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
γ
