Thread by @AgilePatryk

@pylon_protocol intro
S01E06 - What can I do with $pLUNA?

Today I will explain some uses of $pLUNA - some of them combined with $yLUNA, still simple.
Crazy stuff in S02. 🤫

Similarly to $pLUNA, most of below is based on PRISM Protocol litepaper:
prismfinance.app/PRISM-litepape…

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[1] Stake $pLUNA in @prism_protocol and exercise your voting rights.

Even after splitting $LUNA, you will retain the ability to vote in Terra Station through PRISM as a proxy - have a vote in each of the polls.

Maybe not-so-exciting, but oh-so-important for the ecosystem.

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[2] Lend out your $pLUNA

So you're already staking your $yLUNA with Prism and getting staking rewards, airdrops and $PRISM incentives... and it's still not enough for you?

Well, just lend your $pLUNA out on a money-market protocol, e.g. with @mars_protocol.

Extra APR!

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[3] Borrow against your $pLUNA

Standard staking essentially locks your $LUNA. $pLUNa will not be locked in any way, so why not borrow against it?

Yes, there is a risk of liquidation, but as well a chance for better return on assets...

Even if you put borrowed $UST into ⚓️

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Anchor Earn is just the safest option though.
LP, IDOs, $MIM magic - sky is the limit.

Not a single thing would be possible with regular staked $LUNA.

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[4] Provide $pLUNA - $PRISM

Honestly, a thought of the above is somewhat scary. I don't like putting $LUNA into LPs as I treat it as an apex asset - something I treat with a lot of respect and wouldn't like to part with it...

PS. Flipping GPs almost gave a heart attack. 😱

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Then again, there will be incentives LP providers. depending on how big these are, I might put a portion of my $pLUNA into LP and earn rewards (as a test, for starters).

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[4] Buy/sell $pLUNA

Simply enough, we can sell $pLUNA, e.g. to buy more $yLUNA. If you want to live off of your yield, that would increase your regular paycheck of $LUNA staking.

Or, you could buy more $pLUNA (instead of $LUNA) to benefit/risk more from $LUNA price changes.

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Just as a reminder - all of the above is possible *regardless* of what you do with your $yLUNA.

Sell it, stake it, LP it - $pLUNA won't care and will let you do your thing independently.

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With this, Season 1 has come to an end. Thank you for bearing with me and my rambling. :)

It would be great to get some feedback - were the explanations clear? Did you learn something new? Should I go more into details on a certain topic?

Please leave a comment or DM me.

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I might share some "filler" threads before Season 2 properly starts. Would like to prep the episodes as well to make sure I can share something daily. ;-)

List of all episodes (with links):

https://twitter.com/AgilePatryk/status/1450492857429766145

Stay tuned!

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