Thread by @pLUNADAO

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...

3/ ... $pLUNA's current use cases are:

- #LiquidityMining in @prism_protocol's LP

.. and that's it. 😳

4/ However, we're only at the beginning of the road for $pLUNA.

#Soon you'll be able to deposit your $pLUNA as collateral with some of @terra_money's hottest #protocols!

5/ Imagine the power of $pLUNA as collateral on...

- @EdgeProtocol 🗡️
- @TeamKujira 🐋
- @mars_protocol 🪐
- @Levana_protocol 🐉

And that's only off the top of our head🤯

6/ Further, $pLUNA will unlock the underlying $LUNA's #gov rights 👀

We can gather from other protocols that hefty sums are being paid to #bribe users to vote for certain outcomes.

Suddenly, non-yield bearing $pLUNA would turn into a yield-generating monster of a token 🔥

7/ Let's get back to the current $pLUNA/ $yLUNA ratio.

How do you think the price is going to react, once these use cases start being implemented?🚀

Here's a hint:

8/ The takeaway?

After all of this you're either #bullish on $pLUNA, like us at @pLUNADAO and already heading over to @prism_protocol 👀

or...

9/ .. you still aren't sold on the long-term idea of $pLUNA, in which case you should:

1) buy some cheap $pLUNA anyway, solely to
2) add some $yLUNA to your stack once the use cases start rolling in and the ratio starts changing &
3) merge it to $LUNA 🌕, for fat #profits 💸

10/ Hey, remember! When your #LUNAtics friends ask how you got $LUNA at $50, while it's trading for $200, don't forget to give us a #shoutout 😘

#Happy stacking #pLUNAarmy🤝🚀