Thread by @staderlabs

90 million $LUNA are about to be burned to mint $UST for Ozone.

Is this the last stepping stone before the 5x staking rewards boost?

A quick thread about the coming future of staking on Terra: 👇

Yesterday, @stablekwon announced the proposal to burn 90 million $LUNA from the community pool.

By doing it, Terra would attain 1 to 3 billion $UST to bootstrap Ozone.

As a consequence, some people expect up to a 5x boost in their staking rewards.

Here's 3 reasons why:

Reason #1: IBC

Remember proposal 128 earlier this week?

The proposal allowed IBC transfers on the network.

This opens doors to Terra "talking" to other networks.

Add the following reason to the mix...

And you'll see why it's so important for your staking:

Reason #2: Wormhole

Besides IBC, Wormhole stepped into the game.

Wormhole is the cross-chain bridge we have all been waiting for.

It launched support for $LUNA and $UST last Tuesday...

And now users can transfer assets between Terra, Ethereum, Solana, and BSC.

Finally:

Reason #3: Ozone

Burning 10% of the current community pool for Ozone may sound weird.

But it actually makes a lot of sense:

Short term, $LUNA burn fees will be redirected to the stakers...

Yet mid term sounds even more exciting:

Imagine all that Ozone $UST redirected to @anchor_protocol.

This means more yield and protection for the insurers from all kinds of galaxies.

All of it coming to Terra!

Now sum all of the 3 reasons...

See why so many people talk about up to 15% staking rewards?

Next:

Add Stader to the mix.

Imagine autocompunding and leveraging those rewards on ApolloDAO or Pylon to 3x the yields.

Picture dozens of protocols coming in the next months.

And Stader collecting those airdrops with only one click of a button for you.

Don’t miss it out:

Join the early-bird group and access our secret launch prizes before anybody else:

==> bit.ly/3Gfsmj5 <==