A running thread of all information, threads & content relating to the Luna & Terra ecosystem. Have seen alot of buzz around it, perhaps for good reason (esp after Columbus-5). Hope this info is useful👍
@NicolasFlamelX sets the stage (back in Aug, $LUNA $12+!) for why Luna will🚀moon w democratization of $UST. The algorithm uses arbitrage to ensure a stablecoin peg for UST. To mint new $UST, we need to burn the equivalent in $LUNA... 👀supply
@ZeMariaMacedo breaks down Terra. Hint: it all revolves around ($UST), an algorithmic stablecoin. First step to global usage comes from mutli-chain usage. Then comes the convergence of UST's participation in real-world events. Huge potential here:
The thread in 2/ showcases a number of exciting protocols currently developing sophisticated & leveraged products for yield, tokens and even assets, as well as lending. Many more in thread.
@RBF_cap's deep dive into the Terra ecosystem is also a must read to get a full understanding of how value accrual looks like for $LUNA vis-a-vis $UST.
Very insightful read here, especially from the lens of a VC investor.
@samchepal explores the differences in the types of stablecoins out there (e.g., USDC/DAI/UST), and hammers home the idea of why algo stablecoins can maintain their peg better than the first 2. $UST growth = $LUNA growth. Burn $LUNA burn.
@Danxia_Capital then elaborates on the impacts of Columbus-5, including support for multi-chain usage via inter-blockchain communication (IBC) to ETH/SOL/DOT and more, better dev tooling, as well as more burning aka their very own "EIP-1559"
@Mariobern_ then summarizes some of the threads above & kills it with a great thread stating why $LUNA is still grossly undervalued EVEN after Columbus-5. Also love the pic btw. The future world is one of multi-chain, but excluding Cardano $ADA 😂😂
@Speicherx has graciously compiled a superb list of NFT projects launching on the Terra network, as well as the artists working on there & the marketplaces.
Very strong alpha if you're looking for NFT projects to ape in and mint.
@FOMOcraft spotlights some gems for the current #TerraAutumn with the incubated protocols from @Delphi_Digital, which has the potential to bring the Terra ecosystem up a notch.
Made quite a few moves, so wanted to share it for transparency and self-accountability. Main moves:
Increased BTC / SOL exposure
Sold much of L2 tokens on Solana ecosystem
Freed up cash as dry powder
Reduced DeFi activity
2/
I am positioning for a #Bitcoin ETF approval. However, it can still be delayed or rejected. I have spare cash ready to buy that dip if it ever comes.
Bitcoin has been quite the brainless investment, especially for the long-term. ETF talk just reinforces the lindy effect.
3/
I took a hard look at my L2 tokens & wondered: how & why value should accrue to these tokens. They are hardly deflationary & emissions only provide a stable source of selling.
The talk about governance token is also quite hollow. Every token is a 'governance' token.
If you are interested to get into crypto & not sure where to start, look here. Feel free to tag your friends who are also interested. As always:
Do your own research
Be aware of risks
Not your keys not your coin!
Let's go 🧵👇🇸🇬
2/
First we need to define 2 things.
1) Fiat on/off-ramp 2) Crypto exchanges
Fiat refers to $$, USD or SGD. To get exposure to crypto, you can buy a financial product (e.g. CFDs/ futures), which are available on popular brokerages.
This thread will focus on spot tokens.
3/
What are spot tokens? These are actual tokens you own yourself, and can freely transfer them anywhere and to anyone.
Ok, so which are the recommended exchanges for SGD/USD>crypto?
A running thread of all information, threads and content relating to the Solana ecosystem. It's a serious contender to other L1 blockchains & remains my highest-conviction (and largest) position in the crypto space. Hope it's useful👍
@SinoGlobalCap a VC company deeply focused on accelerating the blockchain revolution, wrote an in-depth thesis on why they are bullish on Solana (not investment advice).
I'd recommend ALL would-be investors to start with this.
@SinoGlobalCap strikes again w another in-depth thesis on Serum (not investment advice). Serum ($SRM) is a DEX w an on-chain Central Limit Order Book (CLOB) to share liquidity w & across dApps on $SOL
Strong QoQ growth of 17% on revenue led mgmt to raise guidance by 4.5%. Net enterprise customer adds stronger than Q1, showing continued momentum w big spenders. DBNER superb at 142%! Strong metrics all around.
3/ Unity is an engine for game development, with a focus on interactive, real-time 2D/3D content
A 90's kid, I had the pleasure of playing games that transports you to another world (WoW, Skyrim). I can play for hours upon hours; narratives were so dense with endless adventures
Every employee deals with data, & $AYX empowers them.
(2/N)
Their core service revolves around their Designer application. Designer provides the pipeline with which data goes in as input, & insights/information come out as output. With drag & drop items, even employees without any coding/modelling background can deliver insights.