📢 It’s going to get incredibly easy for dApps to start launching their chains with the rollout of @cosmos ’ ICS & @terra_money ’s Interchain Alliance.

But will #LUNA surpass #ATOM as the main hub, with feather and alliance?

Let’s find out! ⬇️ @cosmos @terra_money 1/ Alliance

🤝 It is an open-source @cosmos SDK module, that aims to boost economic activity across #Cosmos chains by leveraging interchain staking to form economic alliances and foster innovation, user adoption, and cross-chain collaboration.

1/ $UST Depeg Report 📢
📈 Its time to get to the bottom of the $UST crash!🔎
We've simulated Terra's Market Module during the May 22 crash in both SDR and USD denominations to understand the design faults.
Let's dive in! ⬇️ 2/ Simulated Market Module (SDR)
📊 Check out this graphic to see how the $UST <> $Luna virtual pool - which facilitated burn/mint swaps - performed during the crash, with pool balances and expected profit % per trade denominated in SDR

1/ One topic that hasn't received enough attention during the $UST crash: Terra's Market Module Mechanism and its implementation of $UST <> $LUNA burn and mint functionality. 🤔

https://twitter.com/Chris_CDC/status/1619976284532264963

2/ A few months ago, we shed light on the market module mechanism and its performance during the crash in the following thread, 🔍⬇️

https://twitter.com/AstroTechLabs/status/1570774947030597636?s=20&t=jZ8qnCQyMjkK_KkllwQYYQ

1/ #Terra Classic : A ponzi or a mechanism design failure?
Terra Classic was a use-case-specific Cosmos blockchain designed to create a market between #LUNA and #Terra stables, each coin assumed to be at price pegged to the denominated currency, eq, US dollars in case of #UST 2/ #Terra's market module was designed to do this via a constant product market-making algorithm, where,

base pool = pool_size * 2
terra pool = base_pool + terra_delta

where terra delta tracked the total net #terra coins (denominated in SDR) swapped for #Luna