will be increasingly regulated and restricted.
Decentralised stables are the endgame and will grow to become one of the largest verticals in DeFi
$UST is the only truly decentralised stablecoin
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Terra is using crypto to build practical products. Unlike some other projects, Terra is grounded in the real world. It is used by millions of people to pay for everyday items, without the need for those users to interact with the blockchain! $LUNA
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Terra is building better money. Not only that, it is infrastructure for others to ceaselessly improve and remix it, giving it new abilities and uses.
It is a blockchain and a bank and a payment processor, and a sort of technological nation-state. $LUNA
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Terra $UST it’s a more useful dollar!
Unlike Tether, $USDC, or $Dai, $UST is not collateralized by fiat or on-chain assets. Instead, its peg is maintained by Terra's other currency, $Luna.
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The first way to understand Terra is as a purveyor of "Money Legos."
$UST is the "medium of exchange" block, Anchor is the "savings" block, Mirror is the "synthetic investing" block, Prism is the "interest rate derivatives" block, and Ozone is the "insurance" block.
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Terra is positioned to take crypto mainstream.
Terra $UST it’s a more useful dollar!
Some people think that $ETH it’s money!
$ETH may be money for crypto-native users. But I believe $UST/stablecoins will be money for everyone. Terra is not an $Eth killer. It is different.
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No one talks about inflation rates in a bull market. Everyone just happy. But consider these yearly inflation rates:
$AVAX: 39%
$DOT: 10%
$EGLD:19%
$SOL:10%
$MATIC:13%
$CELO:43%
$UNI:47%
🌖 $LUNA:🥇deflationary since 2019🥇
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What makes $LUNA valuable?
1. You are helping secure the network when you stake it & you get 10.8% annual return;
2. LUNA is deflationary, which means that decrease in supply could drive prices up;
3. The more $UST is in demand, the more valuable LUNA becomes.
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~70% of $LUNA's circulating supply is staked and that's without inflationary tokenomics.
All yield paid out to $LUNA stakers is paid out from network transaction fees, *no new $LUNA issuance*. This is a huge differentiator from nearly all other chains.
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In the last *4 months*, ~1M $ETH has been burned (~0.83% of circulating supply).
In the last * 2 week*, 15M $LUNA has been burned (4% of circulating supply)
Scarcity drives prices up!
$LUNA has the best tokenomics design in all of Crypto and no one can argue without that
$LUNA is the perfect digital asset. There is no better value accrual, tokenomics, or utility
How much better has $LUNA been vs $BTC this past year? Just +7,200% better. #72x
🏅Congrats to the Queen👑for setting new ATH vs the king today
In the past month, ~108m $LUNA has been burned from the total supply.
~24m of that being from $LUNA's circulating supply.
$LUNA has the best tokenomic design of all Layer 1's.
Hey dude.. nice narrative. I have a question if anyone can answer this I'd appreciate. Can I withdraw my bLUNA from anchor protocol and swap it to LUNA in terraswap without waiting 21 days to unbond?
Yes, you can.
Thanks.. good to know..
good explanation
👍
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