Thread by @CryptoMugen1

Where my #Ohmies and #Lunatics at?

We're going to ignore all this FUD and talk about $UST and $gOHM

A short thread on the @terra_money / @OlympusDAO partnership, building the #econohmy and #alfalfa.

Ohmies and Lunatics may remember a few weeks back we voted to accept UST into the treasury, this was not forgotten, UST bonds will be timed with the release of gOHM on Terra in the near future.

Olympus plans to have 3.3% to 5% of its reserves in UST, locking 7-10 million forever

Did you know there is more to this partnership than simply bonding UST?

Terra and Olympus will be incentivizing UST/gOHM pairs on multiple chains:

1) Terra: Olympus will be bringing OlympusPro to Terra along with gOHM liquidity on @astroport_fi.

Terra will provide 255k in $LUNA incentives over a 3 month period and Olympus will provide .4 gOHM per day in incentives.

Did someone say $LUNA incentives?!

Solana: Terra provides 85k over 3 months; Olympus provides .08 gOHM per day. This will be the only incentivized gOHM stable pair on @solana.

Polygon: Exactly the same as Solana also the only incentivized gOHM/stable pair.

Last, but not least, is the purchase of a 1 million dollar UST bond by Terra to kick off the launch of UST bonds with Olympus.

We're growing up, Olympus is now selling bonds not just to protocols, but to entire chains.

Can you bullish? Why you selling bottom, anon?

As the phase of large APY comes to an end Olympus will see more and more integrations like this, they will only grow in scope.

APY was always a means to an end, the real shit starts now, bringing real utility to OHM and making it the decentralized reserve currency.

Anon, stop chasing pumps and high APY's. The goal has never changed we accumulate OHM to use it in the future.

@ohmzeus recently said this,

"the goal is, and has always been, that you never need to sell your tokens; instead, you buy things with them."

I advise all to read his full blog post on the future of Olympus here:

ohmzeus.medium.com/an-outlook-at-…

We are building an #econohmy. Literally, an entire system around $OHM to make it an *actual* currency.

Ambitious? Yes.

Dope af? Also, yes.