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 ?? 🧵⬇️
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 :
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
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.
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)
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
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 ⬇️
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
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
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:
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)
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
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
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
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)

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More from @LaLaLand_305

Mar 23
Suddenly $LUNA is not a Ponzi anymore ... 👀

Unsurprisingly, the $BTC announcement with #LFG has increased popularity with #Terra.
It's important to highlight the role $BTC has with $UST.
1. First, $BTC does not back $UST.

$UST is an algorithmic stable coin and does not need to be over collateralized like others ($USDC, $USDT).
$LUNA / $UST burn/mint mechanism is there to keep the peg at $1.00 and ensure its stability.

2. The volatility in $UST is automatically adjusted by $LUNA!

But for some reasons, there was still a lots of #FUDers coming through, insisting that $LUNA and $UST would fail, calling it a Ponzi ...🤔

So what is the role of $BTC now ? 👀
Read 7 tweets
Feb 2
Wen $UST debit/credit card with cash back ? 😫
{REDACTED} 3/3 ? 🤞🏼

If you own $UST and $LUNA 🌔, this simple thread is about the current options available to spend it and what is coming soon, good info below:
The #TLV of #DeFi has gone from $22 billion on January 1th 2021, to $220 billion by the end of 2021. And that’s just the beginning.
#Defi is only 6 years old.
With the mass adoption, regulations and innovations arriving in 2022, I think we are looking at trillions TLV soon👀
Knowing how to spend #algostables is a necessity, obviously to avoid gas fee, and the waste of time by transferring here and there to there, or even loss of funds.
There is plenty of innovations coming to us.

Here is what is currently available:⬇️
Read 15 tweets
Jan 31
$LUNA has added more than 13,800% to its value over the past 12 months, and predicted to grow 350% by the end of 2022.

Easy and simple explanation on why you should not underestimate the 2nd largest blockchain in #DeFi Today ! ⬇️🧵
1. The decentralized finance space is one of the biggest winners this year.
A recent report revealed that the total value locked (TVL) in DeFi #protocols rose by $100 billion in 2021. While $ETH remains the leading DeFi blockchain, Terra is the biggest winner.
2. @terra_money is an algorithmic #stablecoin platform that works on a Proof of Stake (PoS) #blockchain infrastructure.
$LUNA is the native #token of Terra and is used in the issuance of stablecoins, as a price stability mechanism, and also for staking and network governance.
Read 13 tweets

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