pLUNA DAO Profile picture
Apr 2 โ€ข 8 tweets โ€ข 6 min read
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!
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.๐Ÿ—ก๏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?
5/ Yes, he does ๐Ÿง™โ€โ™‚๏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.
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.๐Ÿš€
Enjoyed this short summary?๐Ÿค

Follow us at @pLUNADAO to stay in the loop on all upcoming 4D chess moves from @stablekwon and @terra_moneyโ™Ÿ๏ธ

Let's find out together, if this is checkmate for $DAI #soon ๐Ÿ‘€

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More from @pLUNADAO

Apr 1
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
Read 17 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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