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 ๐
All the alpha to get you started, in six short tweets โณ
We got you covered ๐
All the alpha to get you started, in six short tweets โณ
https://twitter.com/stablekwon/status/1510021707377287170
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.
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!
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!
3/ The currently biggest pool on Curve is the "3pool" consisting of $DAI, $USDT and $USDC.
The new 4pool will consist of $UST, $FRAX, $USDT & $USDC and is meant to represent a paradigm shift from the existing 3pool.
Effectively, $UST and $FRAX are teaming up to dethrone $DAI.๐ก๏ธ
The new 4pool will consist of $UST, $FRAX, $USDT & $USDC and is meant to represent a paradigm shift from the existing 3pool.
Effectively, $UST and $FRAX are teaming up to dethrone $DAI.๐ก๏ธ
4/ As you can imagine, the success of the 4pool is not guaranteed - it is instead largely contingent on liquidity incentives in the form of $CRV emissions.
The higher the emissions are, the more liquidity will be provided to the pool.
Got a plan for that @stablekwon?
The higher the emissions are, the more liquidity will be provided to the pool.
Got a plan for that @stablekwon?
5/ Yes, he does ๐งโโ๏ธ
By teaming up @terra_money, @fraxfinance & @redactedcartel now hold the majority of governance tokens to redirect liquidity incentives to their 4pool, effectively guaranteeing it the prime spot on @CurveFinance.
By teaming up @terra_money, @fraxfinance & @redactedcartel now hold the majority of governance tokens to redirect liquidity incentives to their 4pool, effectively guaranteeing it the prime spot on @CurveFinance.
6/ The result? $UST is now another step closer to becoming the de-facto standard for decentralized stablecoins on $ETH and in the broader crypto space.
By extension $LUNA holders are one step closer to making the $1000 LUNA dream a reality much sooner than expected.๐
By extension $LUNA holders are one step closer to making the $1000 LUNA dream a reality much sooner than expected.๐
Enjoyed this short summary?๐ค
Follow us at @pLUNADAO to stay in the loop on all upcoming 4D chess moves from @stablekwon and @terra_moneyโ๏ธ
Let's find out together, if this is checkmate for $DAI #soon ๐
Follow us at @pLUNADAO to stay in the loop on all upcoming 4D chess moves from @stablekwon and @terra_moneyโ๏ธ
Let's find out together, if this is checkmate for $DAI #soon ๐
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