What’s dead can never die right? 🏴☠️☠️
Introducing @BackBone_Labs a new Terra protocol from @Skeleton_Punks with help @PFC_Validator looking to revive DeFi on Terra!
Heres how they will do it🧵👇🏻 #Terra #Terra_Luna
Introducing @BackBone_Labs a new Terra protocol from @Skeleton_Punks with help @PFC_Validator looking to revive DeFi on Terra!
Heres how they will do it🧵👇🏻 #Terra #Terra_Luna
2.Introducing boneLUNA
•Swap LUNA for boneLUNA to:
-Autocompound staking rewards
-Use as collateral to borrow a decentralized stablecoin
•100% of Fees go back to community
-70% incentivize @astroport_fi Luna-boneLUNA
-30% to Skeleton Punks DAO (potentially to stakers)
•Swap LUNA for boneLUNA to:
-Autocompound staking rewards
-Use as collateral to borrow a decentralized stablecoin
•100% of Fees go back to community
-70% incentivize @astroport_fi Luna-boneLUNA
-30% to Skeleton Punks DAO (potentially to stakers)
3.Yes you read that right, 100% of FEES to Community
•Lets say you have 100 staked boneLUNA earning 1LUNA/day in rewards in the Autocompounder
•Bone Labs takes 0.1 LUNA as a fee.
-70% (0.07LUNA) goes to Astroport LP
-30% (0.03LUNA) to SP DAO and potentially SP NFT Stakers
•Lets say you have 100 staked boneLUNA earning 1LUNA/day in rewards in the Autocompounder
•Bone Labs takes 0.1 LUNA as a fee.
-70% (0.07LUNA) goes to Astroport LP
-30% (0.03LUNA) to SP DAO and potentially SP NFT Stakers
4. Whats the vision here??
•Create a highly incentivized protocol that gives back to the community and revives DeFi on Terra
•Bring the community together for a shared vision of decentralization
•Create a highly incentivized protocol that gives back to the community and revives DeFi on Terra
•Bring the community together for a shared vision of decentralization
5. It doesn’t stop here. @Skeleton_Punks has also numerous partnerships that they intend to leverage. Here are a few:
@HermesProtocol
@capapult
@0xgidorah
@orbital_command
@NFTswitch_xyz
@HermesProtocol
@capapult
@0xgidorah
@orbital_command
@NFTswitch_xyz
6. Make sure to check out their website backbonelabs.io
•While auto compounding is not currently live, the project is undergoing a security audit and plans to be live in the coming months
•While auto compounding is not currently live, the project is undergoing a security audit and plans to be live in the coming months
7. Big thanks to @orbital_command & @dr_doscoin for hosting.
•Here is the first space with the alpha drop before we got rugged by Twitter
•Here is the first space with the alpha drop before we got rugged by Twitter
https://twitter.com/orbital_command/status/1581389584008499200
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