BTW: Hey, @kinetic_money: Why not give us a nice pie chart? ๐
6/ The above-mentioned distribution in conjunction with vesting periods will - at #genesis - lead to the full circ. supply being held by launch & airdrop participants.
After 3 years the circulating supply will be fully diluted, all tokens having been released.
7/ @kinetic_money's launch gives everyone two different and distinct ways of participating:
Phase 1 - Nucleus ๐ฑ
&
Phase 2 - Entropy ใฐ๏ธ
Let's find out which one is better ๐
8/ Nucleus - Active RIGHT NOW
Nucleus is a lockdrop-phase, during which users can deposit $UST and lock it for a period of either 3/6/9 or 12 months.
Users will in turn receive $KNTC, the exact amount depending on:
a) the amount of $UST locked &
b) the duration of the lock.
9/ During the first five days of Nucleus you can always withdraw your $UST from the pool.
During the last two days (6 & 7), only a decreasing amount starting at 50 % can be withdrawn.
All in all, Nucleus is very similar to what we have seen with the @mars_protocol lockdrop.
10/ Take note that by participating in the Nucleus lockdrop you are locking your $UST into a $UST/ $kUST LP position, enabling you to earn swap fees over the duration of your lock ๐
It's essentially a trade of $UST yield (19.5 %) for swap fees + $KNTC tokens.
Not bad.
11/ Entropy - starts on April 6th
Participating in Entropy is more straight-forward. By depositing $UST into the Entropy pool you are effectively trading $UST for $KNTC.
The final price will be determined based on:
Total $UST in Entropy Vault / $KNTC in Entropy pool (8m)
12/ The Entropy pool will be open for deposits and withdrawals for 4 days. Day 5 will be withdrawals only, with the withdrawable amount decreasing by 1/24th each hour.
While Nucleus resembled the $MARS lockdrop, Entropy will be familiar to users of @prism_protocol's FORGE event.
13/ An important additional factor to take into consideration:
Participation in EITHER Nucleus and/or Entropy will grant guaranteed pre-access to the Kinetic Vault, securing your spot among the first yield-time-travellers ๐งโโ๏ธ
1/ If you're new to the #DeFi space or just a hardcore #LUNAtic you might be wondering: What's @CurveFinance?
Let's keep it short: Curve was one of the first DeFi protocols on #ethereum and is currently host to the deepest liquidity pools within the $ETH ecosystem.
2/ These LPs are what really enable high-frequency and high volume trading with guaranteed low slippage.๐
This is the bread and butter for every #stablecoin looking to play a major role in the #DeFi space and as such THE place to be (on $ETH) for $UST!
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?๐
Here's all you need to know in six tweets.๐งต
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 ๐๐๐
A thread๐งตshowcasing how you can get the highest APR staking rewards on $LUNA ๐
1/ The overview ๐
1. Why are we covering $yLUNA? ๐คจ(tweet no. 2) 2. What is $yLUNA? ๐(tweet no. 4) 3. What can you currently do with $yLUNA?๐ฐ (tweet no. 7) 4. What are upcoming use cases? ๐ ๏ธ(tweet no. 14) 5. Summary ๐(tweet no. 16)
Let's dive in!๐
2/ Why are we covering $yLUNA?๐คจ
First of all, let's clarify a common misconception: