After posting the thread below I received some feedback.

I am open to all of it - be it positive or negative.

Below is my attempt to correct a few mistakes I have made.

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https://twitter.com/AgilePatryk/status/1515020271928942595

I the original version of the calculator, I used the term "break-even".

The usual way to use it would be "a point at which we get full return of our investment".
investopedia.com/terms/b/breake…

In terms of my calculator/previous thread, that would be the day when ROI=100%.

But...

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Auto-compounding on #Terra.

What are the benefits?
When does it make sense?
Can we calculate the return?

This and perhaps a bit more - below.

/1 First and foremost - many thanks to @GalacticGoat24 and the poke I got to create a proper auto-compounding calculator.

I have created many throw-away calculators (with crappy formatting and very messy).

This time it's different... but I am getting ahead of myself.

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Gov poll #15 on @anchor_protocol increased max LTV on bLUNA from 60% to 80%.

Now we can borrow more.

There is an (unintended?) consequence of that though.

/1 Without beating around the bush:

In case of liquidation, the following fraction of collateral is liquidated

MaxLTV 60% -> 26.53%

MaxLTV 80% -> 54.73%

BTW these numbers assume the liquidation premium of 4.54% (weighted historical average).

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@danku_r and @phtevenstrong have bigger fishes to fry.

I can whip up that calc in a blink of an eye.

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https://twitter.com/cryptrus/status/1510241155409186816

You might be curious how Anchor liquidations work - I happen to have a thread on that right here:

https://twitter.com/AgilePatryk/status/1506440557299523585

Once you are done, READ THE ERRATA in the next tweet.

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@ProtocolVoid is coming to town and bringing privacy along.

Is it a big deal?
Why should I care?
What does it have to do with @galactic_punks?

🧵👇
/1 Privacy is a pretty important topic. On a general-usage blockchain (such as Terra, Avalanche, Harmony One or Ethereum) all the transactions are visible to everyone.

This means: if you know a person's wallet address, you know their financial standing and all transactions.

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How @anchor_protocol liquidations work.

Simple explanation with math formulas.

I know - that last part sounds like it contradicts itself. I won't... hopefully.

/1 When you borrow $UST on @anchor_protocol, you gain a liability. I.e. you now have a loan you have to pay down.

L - liability = how much $UST was borrowed

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A practical example of how I used the below guide from @ErnestasCrypto to claim my $KUJI rewards.

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https://twitter.com/ErnestasCrypto/status/1501030997374410757

I used to provide liquidity for the $KUJI - $UST pair back in the days when it was incentivized with extra $KUJI.

Since then, not only incentives were discontinued, but the option to claim it as well.

I still had ~110 $KUJI ready to be claimed and... no way to do it.

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A list of (possibly) all non-NFT project on #Terra.

Live 😎, upcoming 🏗 and dead 💀.

Mega 🧵

/1 To put credit where it's due...

I stand on the shoulders of giants and assembled the list using:

@SmartStake's list of projects
terra.smartstake.io/projects

@terra_money's ecosystem list
terra.money/ecosystem

@FynnToTheMoon's list of projects
twitter.com/FynnToTheMoon

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@prism_protocol - strategies 101
S02E11 - New arbing opportunities

You think "arbing" days are gone with bLUNA-LUNA LP becoming a stableswap pool on @astroport_fi?

I beg to differ...

/1 A little disclaimer - this is not financial advice nor encouragement to follow this particular strategy.

I make all calculations myself - there might be an error here or there even though I make effort to avoid any of them, so... stay vigilant and double-check my math.

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If you asked me 2 weeks ago, if I had any hopes for @nebula_protocol, I would stare are you with a frown.

My hopes for the protocol were non-existent, as was the project's communication since Cluster #6 was announced in Jul 2021...

Turns out, I was quite wrong.

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https://twitter.com/nebula_protocol/status/1497164498406305794

@nebula_protocol has recently released (part) of their docs that cover the mechanics of "clusters" - the foundation of what the protocol will offer.

In this thread, I will summarize what I have learned after reading the docs and interacting with the Nebula team.

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@prism_protocol - strategies 101
S02E10 - Lossless donations with @angelprotocol

/1 Quick disclaimer:

By "lossless" I means "without putting the capital at risk". I.e. after certain period of time, the capital comes back to original amount.

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@prism_protocol - strategies 101
S02E09 - Instant self-paying loans for normies and #LUNAtics

In 2022 #Terra will get a number of apps focused on regular bread-eaters, with decent fiat on-ramp and ability to spend $UST directly.

Could they offer self-paying loans?

/1 🔜 (hopefully) @prism_protocol will allow for fixed-term refraction.

This means tokens such as $pLUNA-12m or $yLUNA-6m will become available.

(Naming is my own invention - will likely be different in the future).

Let's take a closer look at $pLUNA-3m and $yLUNA-3m.

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@prism_protocol
- strategies 101
S02E08 - Leverage on a leverage with @Levana_protocol

You've heard Levana will give us $Luna2x? And that $pLUNA is supposed to be liquidation-free leverage on $LUNA?

What if we combined both?

/1 **DISCLAIMER**

Most of the below is based on pricing $yLUNA using Discounted Cashflow (DCF) method and assuming $yLUNA + $pLUNA = $LUNA.

You might not agree with these assumptions, but... at least now you know them. 🙂

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@carlicahn73 @Cephii1 @danku_r @Shigeo808 @lejimmy @hutchonthego Blockchain is a list of transactions:
Adam sent X amount to Betty
Betty sent Y amount to Charles
etc.

These transactions in TradFi are maintained in the banking system, closed group of companies that (generally) trust one another to avoid e.g. Adam sending money he doesn't have. @carlicahn73 @Cephii1 @danku_r @Shigeo808 @lejimmy @hutchonthego Blockchain is a piece of software. All computers running that software create a network that jointly maintain the list of transactions - without anyone having to trust the others.

There can be many blockchains - similarly as each country may have a separate banking system.

@EdgeProtocol will be a money-market protocol on #Terra - allowing users to lend and borrow various #Terra-native tokens.

Let's take a closer look at it.

(Long thread)

/1 @EdgeProtocol will provide:

1️⃣ Customized pool creation
2️⃣ Money-market marketplace
3️⃣ Liquidation/stability reserve

All of that while enabling Protocol-Owned Money-Markets (POMM).

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@prism_protocol - strategies 101
S02E07 - Keep collateral airdrops on @anchor_protocol

Right now $bLUNA gives us no claim rights on the airdrops - neither genesis airdrops nor regular ones.

What if we could change that?

/1 DISCLAIMER: This thread might not age well.

Anchor will likely have a new borrow model (v2) implemented soon enough that will change the game entirely.

As well, airdrops are kinda losing popularity recently as they create extra selling pressure.

Having said that...

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1️⃣ Loan safeguard mechanisms
2️⃣ More dApps building on Borrow
3️⃣ Popular (and automated?) strategies that build on Borrow
4⃣ Higher LTV limit

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https://twitter.com/stablekwon/status/1485874118029635589

1️⃣ Loan safeguard mechanisms

Not my idea (original tweet from @doktor_make linked), but something @anchor_protocol team could implement on their own:

Users deposit UST / LPs / etc. to be treated as emergency reserve when LTV exceeds a given limit.

https://twitter.com/doktor_make/status/1485355646228836353?s=20

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Earlier today I have launched v1.2 of my Google Sheet _Terra Tools and Resources_.

Most of the changes are related to analysing your LP position.

Here are a few observations (charts and data for current $LUNA - $UST LP).

🧵👇

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https://twitter.com/AgilePatryk/status/1484464860331229184

First, here is a look at the data I used (see picture).

All of that comes from 2 sources:

coinhall.org/charts/terra/t…

station.terra.money

Position value is arbitrarily chosen as $1000, but does not affect overall observations.

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Someone has asked me today:

<brief overview of $LUNA 'covered call' from @friktion_labs follows>

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https://twitter.com/dopeboyshanee/status/1483031408541159424

Before we jump into head first into anything, I think some of you might be wondering:

What the heck is a 'covered call'?

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How to earn extra ~22% APY on your $stONE (liquid-staked $ONE) - a simple guide.

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https://twitter.com/Krypto_Kakashi1/status/1481302790886461445

(I assume you already have some $ONE. If you don't - get it now from your favorite DEX / CEX.)

First, we need some $stONE - liquid token representing staked $ONE. For that, navigate to @tranquil_fi, to their page for converting $ONE => $stONE.

app.tranquil.finance/stone

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@prism_protocol - strategies 101
S02E06 - Auto-compounding with @ApolloDAO and @SpecProtocol

🧵👇

/1 Auto-compounding at @ApolloDAO and @SpecProtocol is simple:
➡ You deposit a yield-bearing token (e.g. LP)
➡ Yield is collected and protocol fee deducted
➡ With remaining yield more tokens are bought, paired and staked back into LP

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