pLUNA DAO Profile picture
Apr 7 11 tweets 4 min read
Have you been participating in @prism_protocol's PRISM FARM by staking your $yLUNA?

The initial vesting period of 30 days has come to an end & $PRISM is starting to unlock.

Here's a small step-by-step guide 🧵 enabling you to make the most of your rewards #alphainside 🤝
1/ A quick heads-up:

In the following we are going to assume you're long $PRISM and willing to keep your exposure to the token.

Need a $PRISM #Tokenomics refresher? We got you 👇

2/ Once you initiate the process of claiming your vested tokens, you will be greeted with the following options:

a) Claim
b) Claim & Stake
c) Claim & Pledge

Better chances than on "Who wants to be a millionaire?"😉 - but the question remains:

What should you do?🤨
3/ Basics first - let's start with "Claim"

Simply "Claiming" your $PRISM does exactly what it sounds like:

Claim and you get $PRISM in your wallet. You are now free to use these tokens as you please.

We'll get to IF and WHEN this is the best option at the end 👇👀
4/ "Claim & Stake"..

... is equally as straightforward!

Instead of receiving $PRISM and needing to stake it, the protocol does it all for you. One click of a button and you receive freshly staked $xPRISM 🥩

Sounds gud, but is this the best way?
5/ "Claim & Pledge"

If you have followed us for a while, you know about the importance of generating AMPS ⚡️ with your $xPRISM.

In short: Pledging your staked $xPRISM to the AMPS Vault gives you AMPS, which boost your $yLUNA staking rewards.
6/ Since AMPing does not come with a lock-up of your $xPRISM, there's really no reason not to pledge your tokens.

Keep in mind: Unpledging for even a second resets your AMPS 😱(still not a reason not to pledge in the first place!).

Alright alright, what's best strategy ?
7/ There's two scenarios:

a) $xPRISM is below its fair value (currently: 1.0434
$PRISM, check the "Govern" tab)

b) $xPRISM is at or higher than its fair value
8/ In scenario a) you can make an instant profit by taking the arbitrage opportunity !💸

Step 1: Choose "Claim" and get $PRISM

Step 2: Swap your $PRISM for $xPRISM on @prism_protocol's DEX

Fun fact: There's a 3,5 % arb opportunity RIGHT NOW👀

Who said arbitrage was for bots?
9/ In scenario b) there's no profits to be reaped 🥲

Save yourself the trouble (& the transaction fees) by choosing "Claim & Pledge" and receive $xPRISM that's already hard at work for you ⚡️⚡️⚡️

Note: "Claim & Stake" is (almost) NEVER the answer!
... & that's it!

Go out there, make the most of those rewards and make us #LUNAtics proud!

Thank you for letting us know if you appreciated this guide :)

Stay tuned for more on @prism_protocol & @terra_money 🤝👀

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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 🎓

All the alpha to get you started, in six short tweets ⏳
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.👀

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
Apr 1
What if you could already use all of your future yield TODAY? 👀

That's what @kinetic_money is doing, effectively allowing your yield to travel back in time and get to you early🕵️‍♀️

Their $KNTC token launch is live RIGHT NOW, but how does it work & is it worth it?🔍

A thread🧵
1/ The overview 📖

1. What is Kinetic money? 💵(tweet no. 2)
2. Token Distribution📊(tweet no. 5)
3. Launch Mechanism?🚀(tweet no. 7)
a) Nucleus (tweet no. 8)
b) Entropy (tweet no. 11)
4. @pLUNADAO view and summary 📕(tweet no. 14)

LFG! 😎
2/ What is @kinetic_money? 💵

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 🤯
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 succeed🚀

- apex protocols within the @terra_money ecosystem (like @prism_protocol) 👀and

- apex assets like $pLUNA 📈

Here's a summary! 🧵🧵🧵
Interested to know why it's still a good time to invest in $LUNA? 🌕🚀

Start here! 👀

Is @stablekwon actually Satoshi Nakamoto?

Probably not😂

$LUNA however, is coming pretty close to fulfilling his vision - intrigued?😉

Read 8 tweets
Mar 30
@prism_protocol x NFT ??? 😱

Let's take a quick look at what we know about the upcoming PRISM NFT 🎨🎉

Everything you need to know, in only five tweets. 🧵

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 🔨
- refracted your $LUNA 🌕
- participated in the PRISM Farm 🧑‍🌾

Supply estimate: 1500 👀
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?🌕

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.
Read 8 tweets
Mar 24
🚨Massive droppage of Alpha detected🚨

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

$BTC x $LUNA will kickstart the next paradigm shift in crypto🤝

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

Stablecoins make up 80% of crypto trading volume👀.

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 demand💡

- $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

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