Would you take out a loan if you did not have to repay it? 👀
(with no liquidation)
Well… in few HOURS, it will slowly become possible on the #Terra blockchain!
Thanks to @kinetic_money and their self repaying loans protocol using @anchor_protocol and $UST 🙌🏼
HOW ?? 🧵⬇️
(with no liquidation)
Well… in few HOURS, it will slowly become possible on the #Terra blockchain!
Thanks to @kinetic_money and their self repaying loans protocol using @anchor_protocol and $UST 🙌🏼
HOW ?? 🧵⬇️
1/The Final launch for the "public” is 1 Month away.
The goal is to have a user-friendly web app providing self repaying loans on stable coins deposits, with no risk of liquidation.
The full launch of @Kinetic is happening in 3 Phases.
First one #Nucleus is starting today :
The goal is to have a user-friendly web app providing self repaying loans on stable coins deposits, with no risk of liquidation.
The full launch of @Kinetic is happening in 3 Phases.
First one #Nucleus is starting today :
2/ PHASE #Nucleus - Lockdrop
Happening in 10h here : lockdrop.kinetic.money
Users will be rewarded $KNTC tokens to lock up $UST for a period of 3 to 12 month
During this 7 days event, users can deposit & withdraw $UST for 5 Days, and then only partially withdraw in day 6-7
Happening in 10h here : lockdrop.kinetic.money
Users will be rewarded $KNTC tokens to lock up $UST for a period of 3 to 12 month
During this 7 days event, users can deposit & withdraw $UST for 5 Days, and then only partially withdraw in day 6-7
3/How the deposits of $UST will be used?
First, The locked $UST is deposited into the Vault and 50% of $kUST is being borrowed against it.
The debt position will be closed immediately, which will leave the #Lockdrop contract with 50% $kUST and 50% $UST.
First, The locked $UST is deposited into the Vault and 50% of $kUST is being borrowed against it.
The debt position will be closed immediately, which will leave the #Lockdrop contract with 50% $kUST and 50% $UST.
4/ Second, the funds (locked $UST) will be used to grow the liquidity on @astroport_fi for the $kUST / $UST pair.
It will also contribute to the funding of the Kinetic Phaser simultaneously.
(last step of the @kinetic_money launch planned for April 28th → see Tweet #11)
It will also contribute to the funding of the Kinetic Phaser simultaneously.
(last step of the @kinetic_money launch planned for April 28th → see Tweet #11)
5/ Pros of locking $UST in the #Nucleus launch today: 👀
- $KNTC tokens from LP (longer lock = more tokens)
- $kUST / $UST is a Stableswap pool.
-User can expect minimal to no impermanent loss.
-Guaranteed pre-access to borrow from the Kinetic Vault before the debt cap hits
- $KNTC tokens from LP (longer lock = more tokens)
- $kUST / $UST is a Stableswap pool.
-User can expect minimal to no impermanent loss.
-Guaranteed pre-access to borrow from the Kinetic Vault before the debt cap hits
6/PHASE #Entropy - Public token launch in 7 days
A release event inspired by @prism_protocol launch mechanism.
A 5 days event where a total of 8 million $KNTC will be sold (8% of supply) and released to liquidity providers that deposit $UST into the Entropy Pool.
Details ⬇️
A release event inspired by @prism_protocol launch mechanism.
A 5 days event where a total of 8 million $KNTC will be sold (8% of supply) and released to liquidity providers that deposit $UST into the Entropy Pool.
Details ⬇️
7/ For 4 days, users can deposit unlimited $UST into the pool.
- During the last 24h, users will not be able to deposit any funds, but only withdraw one time an amount of $UST
-All the $KNTC tokens from this stage will be released immediately after Entropy.
No vesting periods
- During the last 24h, users will not be able to deposit any funds, but only withdraw one time an amount of $UST
-All the $KNTC tokens from this stage will be released immediately after Entropy.
No vesting periods
8/ Why join on the #Entropy launch in 7 days?
-Participating will be the only way for users to guaranteed their Vault Access on day 1 and borrow $kUST immediately
-After the deadline for $UST deposit, the Vault will open to any users, however, debt cap might be reached already
-Participating will be the only way for users to guaranteed their Vault Access on day 1 and borrow $kUST immediately
-After the deadline for $UST deposit, the Vault will open to any users, however, debt cap might be reached already
9/Now that you have locked your $UST and received $KNTC tokens, what to do with it?
-Stake it from day 1 and receive at least 37,5% of the protocol fee + staking incentives
-The protocol will charge a 8% fee each time yield is harvested from the Vault, and will distribute:
-Stake it from day 1 and receive at least 37,5% of the protocol fee + staking incentives
-The protocol will charge a 8% fee each time yield is harvested from the Vault, and will distribute:
10/ PHASE 3 Launch of #Phaser ~ April 28th
This is the heart of the protocol for @Kinetic users:
It allows any user to swap $kUST to $UST at a 1:1 ratio, regardless of the peg on the $kUST/$UST pair on Astroport (Phaser can be a backup but the swap mechanism takes 3–4 days)
⬇️
This is the heart of the protocol for @Kinetic users:
It allows any user to swap $kUST to $UST at a 1:1 ratio, regardless of the peg on the $kUST/$UST pair on Astroport (Phaser can be a backup but the swap mechanism takes 3–4 days)
⬇️
11/Also, all funds in the #Phaser are being put to work.
The proceeds are used to help repay the outstanding loans of all @kinetic_money users which will boost the repayment rate beyond what the users collateral would generates of their own = Self repaying loan
The proceeds are used to help repay the outstanding loans of all @kinetic_money users which will boost the repayment rate beyond what the users collateral would generates of their own = Self repaying loan
12/ How solid is the The Phaser?
-Funded from the 2 previous Kinetic $UST lockdrops.
-Every time the protocol harvests yield from its strategies, it goes directly to the Phaser (-fees).
As long as the inflow is greater than the outflow (to maintain the peg), Phaser should grow
-Funded from the 2 previous Kinetic $UST lockdrops.
-Every time the protocol harvests yield from its strategies, it goes directly to the Phaser (-fees).
As long as the inflow is greater than the outflow (to maintain the peg), Phaser should grow
13/ Key Points:
-End up borrowing $UST against deposited $UST…etc
-Higher yield opportunity
-Loan management = Lower risk of liquidation, less stress!
-User friendly?
But,It seems like everything revolve around the $kUST peg. Would love to see tokenomics👀? @kinetic_money
-End up borrowing $UST against deposited $UST…etc
-Higher yield opportunity
-Loan management = Lower risk of liquidation, less stress!
-User friendly?
But,It seems like everything revolve around the $kUST peg. Would love to see tokenomics👀? @kinetic_money
14/How to use once fully launched?
-Deposit $UST or $aUST into @kinetic_money
-Collateral automatically deposited in @anchor_protocol earning current APY (~19.5%)
-Borrow on Kinetic up to 50% of the collateral value as a synth asset: $kUST (withdrawing your future yield)
-Swap
-Deposit $UST or $aUST into @kinetic_money
-Collateral automatically deposited in @anchor_protocol earning current APY (~19.5%)
-Borrow on Kinetic up to 50% of the collateral value as a synth asset: $kUST (withdrawing your future yield)
-Swap
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