Thread by @staderlabs

Over 88 million $LUNA are about to get burned!

88,675,000 to be precise.

Your rewards are about to skyrocket too.

Here's why...👇

Back in March 2021, @terra_money proposed to burn $LUNA in the community pool.

Why?

Because it was overfunded.

So what about your staked assets?

Does that mean the pool will have zero LUNA?

Actually, not.

Proposal 134 states that 10 million $LUNA will stay in the community pool.

The remaining will be burnt.

Don't worry.

Your $LUNA is safe.

However, your rewards may be affected in a surprising way.

In fact:

Your staking rewards are about to skyrocket!

All the 88,675,000 $LUNA will be burnt to mint 3-4 billion $UST.

Naturally, that means swapping fees...

A lot of it.

This is where Col-5 comes into play to boost your staking rewards:

With Col-5 implementation, all swapping fees go to the oracle rewards pool for validators.

Which means:

This heap of fees from swapping all these $LUNA to $UST will turn to your staking rewards.

So, how much will the APY be as a result of this?

Over 10%!

And it will stay that way for 3 years. (Proposal 133)

However, these rewards don't include airdrops.

Still, your rewards are going to climb a whole lot higher.

Where will all this $UST go?

To the community pool.

The idea is to have more $UST, and less $LUNA in the pool.

@terra_money will burn LUNA every 800th block.

That means 520,000 LUNA will be used to mint UST at a time.

If you haven't staked LUNA yet, here's another good news...

Staking is about to get a whole lot simpler than before.

At Stader Labs, you get:

- Pre-done validator buckets
- Auto-Compounding benefits
- Automatic airdrop claiming feature

...and more.

All you have to do is...

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

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