pLUNA DAO Profile picture
Mar 9 8 tweets 6 min read
Hey @milesdeutscher, great write-up on the $LUNA #yield opportunities on @prism_protocol! 🥳

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...
3/ Use $pLUNA in a liquidity pool! The #trading in the #LP has been picking up a lot of volume, leading to a current APR of more than 33 %!🔥

Beware of #impermanentloss of course, although owning more $PRISM is a ticket to the moon as well 🚀
4/ #Soon you'll be able to deposit your $pLUNA as collateral with some of @terra_money's hottest #protocols!

Which first, we can't tell you, but a couple of absolute #banger protocols come to mind🤯

- @EdgeProtocol 🗡️
- @TeamKujira 🐋
- @mars_protocol 🪐
- @Levana_protocol 🐉
5/ Further, $pLUNA will grant access to the underlying $LUNA's governance rights.

To those knowing what kind of price pressure this will bring: Welcome to @pLUNADAO, happy to have you :)❤️
To those still unaware we recommend reading up on "The Curve Wars". 💸
6/ Did we mention all of this is available at currently only 14 % of a full $LUNA's price?

That mean's it's possible to own around 7 $pLUNA's for the price of 1 $LUNA, enabling highly leveraged buy-ins with no #liquidation risk 🤫 Don't let the word spread though 😉
7/ So, @milesdeutscher, what do you say? Hooked on $pLUNA?🌙 Let us know!

Happy to have you as an honorary member of @pLUNADAO 🔥 More use cases are in the works as we speak!👀

Lastly: Keep up the great work❤️

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More from @pLUNADAO

Mar 11
Here's why $LUNA is - still - undervalued and why YOU should be buying it right now, if you're looking for #financialfreedom💸

A🧵that might just change your life.
1/ $LUNA's financial revolution is closely tied to it's stablecoins. To understand the importance of #stablecoins, you must know that they account for a vast majority of trading volume in #crypto and are of course at the center of putting the #currency back into #cryptocurrency.
2/ Now, on the #terraluna ecosystem there are stablecoins for a lot of different currencies (USD, EUR, CHF, GBP, KRW, etc.) but the currently most integrated and used one is the USD-stablecoin: UST💲
Read 22 tweets
Mar 10
Here's why everybody should be buying $pLUNA on @prism_protocol right now👀

A short 🧵, you won't regret💸
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). 🤔

That's no wonder as...
Read 11 tweets
Mar 9
Splitting ("refracting") your #LUNA into #yLUNA and #pLUNA can currently earn you the highest attainable #LUNA yield in the @terra_money ecosystem 👀

That is, if you know what to do 💡

A quick 🧵 on how to maximize your #LUNA #ROI on @prism_protocol 🔥
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.
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 the🌕! #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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