pLUNA DAO Profile picture
Apr 1 โ€ข 17 tweets โ€ข 8 min read
What if you could already use all of your future yield TODAY? ๐Ÿ‘€

That's what @kinetic_money is doing, effectively allowing your yield to travel back in time and get to you early๐Ÿ•ต๏ธโ€โ™€๏ธ

Their $KNTC token launch is live RIGHT NOW, but how does it work & is it worth it?๐Ÿ”

A thread๐Ÿงต
1/ The overview ๐Ÿ“–

1. What is Kinetic money? ๐Ÿ’ต(tweet no. 2)
2. Token Distribution๐Ÿ“Š(tweet no. 5)
3. Launch Mechanism?๐Ÿš€(tweet no. 7)
a) Nucleus (tweet no. 8)
b) Entropy (tweet no. 11)
4. @pLUNADAO view and summary ๐Ÿ“•(tweet no. 14)

LFG! ๐Ÿ˜Ž
2/ What is @kinetic_money? ๐Ÿ’ต

Kinetic will allow you to:

a) Deposit #stablecoins and #yield-bearing assets

b) Borrow against the future yield of your deposited assets and

c) Spend the borrowed amount however you'd like while your loan repays itself ๐Ÿคฏ
3/ Quite a novel concept for @terra_money and definitely one we believe might be useful for a huge number of #DeFi users and #LUNAtics.

The main benefit is clear:

Increase your leverage by borrowing, without having any liquidation risk!โœ๏ธ
4/ Some of their big name backers include:

@polychaincap

@gtcapital_

@Delphi_Digital

Definitely a well-respected line-up within the @terra_money community that should secure the necessary amount of capital funding & know-how ๐Ÿค
5/ Token Distribution๐Ÿ“Š

Total supply: 100.000.000 (100m) $KNTC

Farming incentives: 30.5m
Launch events: 20.8m
Strategic reserve: 12.5m
Airdrop: 11.2m
Community Pool: 10m
Core contributors: 10m
Advisors: 5m

BTW: Hey, @kinetic_money: Why not give us a nice pie chart? ๐Ÿ˜‰
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 ๐ŸŒฑ

&

Phase 2 - Entropy ใ€ฐ๏ธ

Let's find out which one is better ๐Ÿ˜Œ
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 ๐Ÿ‘€

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 ๐Ÿง™โ€โ™‚๏ธ
14/ @pLUNADAO view and summary ๐Ÿ“•

a) Soo, what's best way to get $KNTC?

Hardcore Supporter: Nucleus & Entropy

Supporter: Either Nucleus & Entropy, the first allowing you to only trade yield (not principal!) for $KNTC

Still on the fence: Choose Nucleus with low lock-period
15/

b) $KNTC = Moon?

While our yield might time-travel soon, we are stuck in the present and can't predict the future. ๐Ÿคทโ€โ™‚๏ธ

What we can say: @kinetic_money is positioning itself to be another apex protocol on $LUNA ๐Ÿ’ช

Definitely keep an eye out!๐Ÿ‘๏ธ
16/ We hope you enjoyed this guide ๐Ÿค

If you're interested in all things @terra_money & $LUNA, feel free to drop a follow, it keeps us going๐Ÿƒโ€โ™‚๏ธโ™ฅ๏ธ

Also: Let us know if you want a full guide of @kinetic_money , once the protocol is fully live! ๐Ÿ‘€

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More from @pLUNADAO

Apr 2
You've read about @stablekwon's latest move - the 4pool on @CurveFinance - but you're still unsure what this means for $UST and $LUNA?

We got you covered ๐ŸŽ“

All the alpha to get you started, in six short tweets โณ
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.๐Ÿ‘€

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!
Read 8 tweets
Mar 31
At @pLUNADAO we have made it our mission to educate all #LUNAtics and the broader #crypto space on

- $LUNA & why it will succeed๐Ÿš€

- apex protocols within the @terra_money ecosystem (like @prism_protocol) ๐Ÿ‘€and

- apex assets like $pLUNA ๐Ÿ“ˆ

Here's a summary! ๐Ÿงต๐Ÿงต๐Ÿงต
Interested to know why it's still a good time to invest in $LUNA? ๐ŸŒ•๐Ÿš€

Start here! ๐Ÿ‘€

Is @stablekwon actually Satoshi Nakamoto?

Probably not๐Ÿ˜‚

$LUNA however, is coming pretty close to fulfilling his vision - intrigued?๐Ÿ˜‰

Read 8 tweets
Mar 30
@prism_protocol x NFT ??? ๐Ÿ˜ฑ

Let's take a quick look at what we know about the upcoming PRISM NFT ๐ŸŽจ๐ŸŽ‰

Everything you need to know, in only five tweets. ๐Ÿงต

1/ Who can mint it?

The initial mint will have a whitelist for only the most loyal users of @prism_protocol. You can expect to be included if you have:

- participated in the PRISM Forge ๐Ÿ”จ
- refracted your $LUNA ๐ŸŒ•
- participated in the PRISM Farm ๐Ÿง‘โ€๐ŸŒพ

Supply estimate: 1500 ๐Ÿ‘€
2/ Will it be tradeable?

Yes, after the initial mint the NFTs will be fully transferrable and tradeable on Terra's native NFT solution @OnePlanet_NFT

When it comes to trading though, the most important question is...
Read 7 tweets
Mar 26
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?๐ŸŒ•

Here's all you need to know in six tweets.๐Ÿงต
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.
Read 8 tweets
Mar 24
๐ŸšจMassive droppage of Alpha detected๐Ÿšจ

in today's podcast between @APompliano and @stablekwon!

$BTC x $LUNA will kickstart the next paradigm shift in crypto๐Ÿค

Missed it? Don't worry, here's a quick summary. A short thread๐Ÿงต
1/ What was the idea behind starting @terra_money ?

Stablecoins make up 80% of crypto trading volume๐Ÿ‘€.

Current gen stablecoins are however either centralized or based on leverage and thus not scaleable.

@terra_money is a new way to scale stablecoins, using an algorithm.
2/ How does this algorithm secure the peg?

The $LUNA token absorbs volatility in price demand๐Ÿ’ก

- $UST above peg = $1 of $LUNA can be burned to mint UST, increasing $UST supply .

- $UST below peg = $UST can be burned to receive $ 1 of $LUNA , decreasing $UST supply.
Read 14 tweets
Mar 24
"WHAT THE F*CK IS $yLUNA?" Say no more!

We've covered $pLUNA, now it's time for the COMPREHENSIVE GUIDE to $yLUNA ๐Ÿ“š๐Ÿ“š๐Ÿ“š

A thread๐Ÿงตshowcasing how you can get the highest APR staking rewards on $LUNA ๐Ÿš€
1/ The overview ๐Ÿ“–

1. Why are we covering $yLUNA? ๐Ÿคจ(tweet no. 2)
2. What is $yLUNA? ๐ŸŒ›(tweet no. 4)
3. What can you currently do with $yLUNA?๐Ÿ›ฐ (tweet no. 7)
4. What are upcoming use cases? ๐Ÿ› ๏ธ(tweet no. 14)
5. Summary ๐Ÿ“•(tweet no. 16)

Let's dive in!๐ŸŒ™
2/ Why are we covering $yLUNA?๐Ÿคจ

First of all, let's clarify a common misconception:

At @pLUNADAO, we are not short $yLUNA.

In fact - we are long $LUNA, long $pLUNA (ofc) and long $yLUNA as well! ๐Ÿš€

(More on this at the end)
Read 21 tweets

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