Thread by @terraformer

1/ We’d like to draw your attention to one of the important features of Terraformer’s DEX aggregator - the support for #BURNING and minting mechanism. #terraluna @terra_money

Another mini 🧵👇

2/ #LUNAtics love burning LUNA to mint UST. At the moment, this can only be done on Terra Station. You will need to manually select the “Market” tab. There is no way you can do it on any of the other existing DEXes.

3/ Terraformer’s DEX aggregator has integrated this burning/minting mechanism. It will automatically compare rates from DEXes as well as burning/minting. If the transaction involves a large amount of $LUNA, the burning mechanism often returns with a better rate.

4/ This is great, because it not only ensures the best rate, but also burns LUNA, which has a direct contribution to squeeze of the $LUNA supply, which in turn will lead to a price spike. This is what all #LUNAtics want to see done.

5/ You could burn LUNA even with other swapping pairs. Check out this bLUNA -> UST trade, in which case bLUNA is first converted to LUNA on @astroport_fi , and then burned to mint $UST.

6/ This mechanism is not limited to the LUNA/UST pair. In fact, there are 50 or so Terra currencies that pair with LUNA which use this burning mechanism. It is one of the most exciting areas that #Lunatics will surely explore for the wider adoption of LUNA. @vertex_protocol 👀

7/ This additional feature means that the Terraformer aggregator is by far the most advanced DEX on Terra, which firmly supports the underlying DEXes, improving the efficient utilisation of ALL liquidities, and will certainly attract more users and volume to the Terra ecosystem!