Thread by @pLUNADAO

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❤️