Thread by @MrRefractor

When #LUNAtics are looking at new protocols on @terra_money what are the fundamental drivers of value to the ecosystem?

Will these protocols:
1⃣ Increase $LUNA utility?
2⃣ Increase $UST utility?
3⃣ Increase $LUNA's yield?
4⃣ Increase $UST yield?

🧵below

@anchor_protocol was the holy grail:

1⃣ $LUNA found increased utility as collateral
2⃣ $UST found increased utility as a savings product
3⃣ $LUNA yield increased through either (1) borrowing in Anchor or (2) increased airdrops to LUNA stakers
4⃣ $UST yield increased to ~20%

$PRISM will increase $LUNA's utility by enabling:
1⃣ Yield & principal to be tokenized and traded.
2⃣ Leveraged exposure to yield & principal and no liquidation risk.
3⃣ Converting future yield into any stablecoin or token of your choice
4⃣ $pLUNA & $yLUNA use in other protocols

$PRISM will increase $UST's utility by doing the above to $UST.

Additionally $aUST will become the foundations of the benchmark yield curve for ALL DeFi when $PRISM creates fixed term maturities such as 3m, 6m, 9m and 12m maturities.

$PRISM will increase LUNA's yield!

Users will get all their normal LUNA yield and can:
1⃣ Use their pLUNA to LP and earn liquidity incentives $PRISM + $ASTRO / $LOOP / $OSMO etc..
2⃣ Lend out their pLUNA in protocols such as @mars_protocol
3⃣ Receive $PRISM airdrops
4⃣ ....