Making defi notes public. From one mouthbreather to another.
Mar 23, 2022 • 18 tweets • 5 min read
$BTC holders seeing the benefits of the decentralized stable coin $UST
But what about the potential for BTC on Terra's ecosystem? Could it gain value, like $LUNA?
A 🧵on
- an opportunity met by a problem
- how it gets solved to unlock value
- how this can happen for BTC too
1. As a place to start, when $UST is created, an equal value of $LUNA is burned. So when LUNA was $1, it was a 1:1 burn.
But the # of LUNA is capped, so if UST demand picks up, LUNA's value goes up as it gets more scarce.
It just passed 25% of the total supply burned. Not bad.
Jan 5, 2022 • 17 tweets • 9 min read
What if @stablekwon was an oracle and $UST got to $100B?
Those listening to the @Shigeo808, @Cephii1, and others would be set after stacking $LUNA.
At that point, maybe, having a 40% LTV makes less sense?
I'd love to hear some risk-off or income-producing ideas.
