Thread by @Ithiel

To all the #LUNAtics and 🌕 maxi, to every $LUNA fan and $UST supporter... now is your chance to shine.

@terra_money made you rich.
It's your turn to make it strong.

Do you part to keep the peg and #HoldTheLine

Quick 🧵 on #KeepingThePeg
(Warning: Will make you free money🤷)

STEP 1: Off-Chain $UST Peg

Go to the exchange of your choice, and start swapping your other stables for $UST. This helps increase demand for $UST and helps it recover it's price.

Got dirty fiat? Load it up onto an exchange and buy $UST.

Then, send your $UST to Terra Station.

STEP TWO: On-Chain $UST Peg

Go here: station.terra.money/swap
Select "From" $UST "To" $LUNA
Set the method as "Market" (MUST be Market)

Hit "Submit". This burns your $UST (decrease supply) and mints $LUNA and helps bring $UST back to peg.

STEP THREE: On-Chain $LUNA Peg

Message @ArbieApp in Telegram (TG: "ArbieTheBot") and type /arbs

You will see the current rate of Luna -> bLuna, Luna -> LunaX, and Luna -> cLuna arb oppirtunities.

bLuna is the most important, but they're all still important, so spread the love.

STEP FOUR: $LUNA Arbitrage

We'll use $LUNA -> $bLUNA for our example.

Go to @coinhall_org and find the Luna/bLuna pair and swap your Luna for bLuna (should give you more bLuna than you had Luna). Hallswap will give the best rate.

STEP FIVE: Slow Burn

Next, take your $bLuna over to @anchor_protocol, go to bAssets, Luna/bLuna, Burn, and enter your bLuna amount. Select "Burn" (not instant burn), then click "Burn" at the bottom.

Grats! You helped the $UST peg twice and the Luna/bLuna peg! Lets keep going..

ALT ARBS: $LUNA -> $LUNAX

This one is pretty much the same. If @ArbieApp tells you it's the go-to winner, swap Luna for LunaX on @coinhall_org just like I mentioned with $Luna -> $bLuna

Next, go to @staderlabs, Liquid Staking Pools, Unstake, and enter the $LunaX amount, unstake

ALT ARBS: $LUNA -> $cLUNA

If @ArbieApp tells you it's golden, head over to @prism_protocol, then swap page. Select Token Prices in $Luna, then select $cLuna. Swap your Luna for cLuna at a premium.

Next, go to Refract, Redeem, select "Slow Burn". Enter cLuna amount, hit accept

LIQUIDATIONS:

Another option you can take with that $UST is to put it on @TeamKujira by placing your bid for discounted $bLuna. This can then be slow burnt back to $LUNA per 'step five'.

This helps by ensuring a soft landing for liquidations, reducing/minimising cascades. 👍

In ~21 days, you will have made free $LUNA on top of your cheap $LUNA bought from your discounted $UST.

... and you help keep the peg.

You helped make @terra_money stronger and you made bank in the process.

What are you waiting for? Go #KeepThePeg

/end 🧵

@danku_r @TerraBitesPod @TheRyanLion @stablekwon @stablechen @Speicherx @Cephii1 @TheMoonMidas @SamIAm_Lunatic @col5_lunatic @terra_money @mindalunatic @Shigeo808 @LFG_org @HooliganTwts @lunatichisoka @mightywhalepod @Remi_Tetot @qubitn8 @wolf_of_defi @coinbureau @larry0x