pLUNA DAO Profile picture
Mar 9 β€’ 8 tweets β€’ 13 min read
Splitting ("refracting") your #LUNA into #yLUNA and #pLUNA can currently earn you the highest attainable #LUNA yield in the @terra_money ecosystem πŸ‘€

That is, if you know what to do πŸ’‘

A quick 🧡 on how to maximize your #LUNA #ROI on @prism_protocol πŸ”₯
1/ First step: Refract your #LUNA (see above). You now own an identical amount of #yLUNA and #pLUNA.

These tokens can always be merged back together to form a full #LUNA (well, #cLUNA, which has to unbond back to #LUNA for 21-24 days, like #bLUNA - but you get the point!)
2/ #yLUNA is #LUNA's yield component. Therefore, it can be staked, just like regular #LUNA. You can attain the "normal" staking yield in @prism_protocol's "stake" tab.

#Airdrops are automatically claimed by the protocol, further simplyfing your UX.
3/ Looking to supercharge your #yLUNA yield?

Then forget about "normal" staking and #welcome to the #PRISM #farming #event, where lockup periods don't exist and the #APR is currently at a staggering 48 % (= 60 % APY with weekly compunding)!
4/ Keep in mind that rewards in the #PRISM farm are paid out in @prism_protocol's native #PRISM token.

..as one of the most innovative @terra_money projects, backed by the likes of #terraformlabs (creator of #Terra), @jump_ and @hashed_official...πŸ‘€

It's a classic #hodl tbh!πŸš€
5/ So you're now already (!) earning the best #ROI on @terra_money, but it gets better:

You still have your #pLUNA, representing the #LUNA principal (& #governance rights)

What can you do with these?
6/ #LiquidityMining on @prism_protocol is becoming more and more profitable as the #trading volume in the #pLUNA/PRISM and #yLUNA/PRISM LPs is picking up!πŸƒπŸŠ

For #yLUNA this is not the best way to earn #yield (see above). But for #pLUNA, this is currently a viable option.
7/ Further #pLUNA use cases? Not many, atm.

That is what we - the @pLUNADAO - are here to solve.
We are fostering the adoption of #pLUNA and increasing use cases.

Join us in our quest to see #pLUNA getting more and more #value and stay tuned for what's to come πŸ‘€

β€’ β€’ β€’

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More from @pLUNADAO

Mar 10
Here's why everybody should be buying $pLUNA on @prism_protocol right nowπŸ‘€

A short 🧡, you won't regretπŸ’Έ
1/ Let's start with the basics: @prism_protocol let's you split ("refract") your $LUNA into two components:

- $yLUNA: representing the underlying $LUNA's yield (current APR 42 % on @prism_protocol) and
- $pLUNA: representing the principal

$pLUNA + $yLUNA = $LUNA
2/ The current ratio of these two components is heavily weighted towards $yLUNA, it representing around 87 % of $LUNA's price ($81), while $pLUNA is only capturing the remaining 13 % ($12). πŸ€”

That's no wonder as...
Read 11 tweets
Mar 9
Hey @milesdeutscher, great write-up on the $LUNA #yield opportunities on @prism_protocol! πŸ₯³

We missed some more information on the capabilities of $pLUNA, though! No problem - that's what we are here for 🀝

A quick 🧡 on what you can currently (& soon!) do with $pLUNA!
1/ $pLUNA represents the principal token of $LUNA.

In theory, you should be able to do everything with $pLUNA, that can be done with $LUNA, except of course, earn staking yield (as that's what $pLUNA's counterpart $yLUNA is for!)
2/ Since @prism_protocol just recently launched, in practice things are looking a bit different though.

Naturally, you can #hodl your $pLUNA. Besides that, you can...
Read 8 tweets
Mar 2
Up until now we have only been seeing moderate gains for #PRISM and its liquid staking token #xPRISM.

A quick 🧡 on why #PRISM will be the next #terraluna #altcoin to break out soon and fly towards theπŸŒ•! #Moonshot #LUNAtics
1/ @prism_protocol's innovative approach of allowing users to split ("refract") their #LUNA tokens into #pLUNA and #yLUNA lies at the core of the protocol.

For this service, a portion of yield derived through the protocol goes towards #PRISM stakers, i.e. #xPRISM #hodlers.
2/ While all of the juicy details can be found @ prismprotocol.notion.site, the gist of it is as follows:

By holding #PRISM and staking it for the auto-compunding #xPRISM token, you effectively become a shareholder of @prism_protocol's income stream.
Read 6 tweets
Feb 28
#yLUNA will fail without a strong case for #pLUNA.

A 🧡 on the symbiotic relationship between these tokens.
1/ While as #pLUNADAO we are focusing on creating value and use cases for #pLUNA, we believe these tokens to have a "symbiotic" relationship. Neither can thrive, without the other succeeding as well.
2/ Why do we believe this to be case?

#yLUNA and #pLUNA are synthetic components of #LUNA. By splitting ("refracting") LUNA on @prism_protocol a plethora of potential use cases open up for #LUNA and all of its #ecosystem. This is the inherent magic of the @prism_protocol.
Read 9 tweets

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