You've heard about @LFG_org buying more and more $BTC to secure $UST, but you're still not sure what these plans mean for $LUNA?🌕
Here's all you need to know in six tweets.🧵
1/ $LUNA is currently and will remain @terra_money's primary reserve currency for all stablecoins, including $UST.
$BTC is being implemented as a secondary reserve currency, to secure $UST in spite of the rising demand volatility created by newer protocols on @terra_money.
2/ $UST will therefore be able to be minted by either
a) Burning $LUNA (current mechanism) or
b) Trading in $BTC (new mechanism).
In both a) and b), a $1 of burnt/traded in $LUNA resp. $BTC grants you one $UST.
We've covered $pLUNA, now it's time for the COMPREHENSIVE GUIDE to $yLUNA 📚📚📚
A thread🧵showcasing how you can get the highest APR staking rewards on $LUNA 🚀
1/ The overview 📖
1. Why are we covering $yLUNA? 🤨(tweet no. 2) 2. What is $yLUNA? 🌛(tweet no. 4) 3. What can you currently do with $yLUNA?🛰 (tweet no. 7) 4. What are upcoming use cases? 🛠️(tweet no. 14) 5. Summary 📕(tweet no. 16)
Let's dive in!🌙
2/ Why are we covering $yLUNA?🤨
First of all, let's clarify a common misconception:
Still on the fence of whether to invest in one of the fastest growing @terra_money protocols?
The COMPREHENSIVE GUIDE to the $PRISM (& $xPRISM) token is finally here!📚📚📚
Tokenomics, use cases and a short summary (not-sponsored) ⚖️!
A thread.🧵
1/ The overview 📖
1. Token distribution and launch📊(tweet no. 2) 2. What can you do with $PRISM?🔨(tweet no. 10) 3. What can you do with $xPRISM?🛠️(tweet no. 11) 4. Development of token price📈(tweet no. 19) 5. Implications and summary 📕(tweet no. 20)
Let's dive in! 🌊
2/ Token distribution and launch📊
Understanding token distribution and release (vesting) schedule is a crucial aspect when evaluating a #cryptocurrency.
As such, let's take a look at who controls what amount of $PRISM tokens and how they plan to be unlocked.