1/10 Lots of chaos at the moment. Hard to comprehend what's going on.
Here's how to make sense of the current @Terra_Money situation:
- $UST peg will be restored
- @LFG_org has saved Terra
- Terra has a bright future
A ๐งต to unpack the present and future of Terra. Read on...
Here's how to make sense of the current @Terra_Money situation:
- $UST peg will be restored
- @LFG_org has saved Terra
- Terra has a bright future
A ๐งต to unpack the present and future of Terra. Read on...
2/10 Terra has sustained some kind of economic attack.
Details aren't available yet, but it's clear that powerful forces are attempting to make a profit by destabilizing $UST.
Details aren't available yet, but it's clear that powerful forces are attempting to make a profit by destabilizing $UST.
3/10 Make no mistake, $UST peg will absolutely recover.
@LFG_org, @Stablekwon, and team will do whatever it takes.
These are incredibly rich and high IQ people. They are working to restore the UST peg in the most strategic way possible.
@LFG_org, @Stablekwon, and team will do whatever it takes.
These are incredibly rich and high IQ people. They are working to restore the UST peg in the most strategic way possible.
4/10 The story of these events is not a story of defeat, but rather of victory.
@LFG_org had the foresight to accumulate a Forex reserve, which was partially deployed yesterday.
LFG is valiantly defending the peg and safeguarding Terra.
They are heroes!
@LFG_org had the foresight to accumulate a Forex reserve, which was partially deployed yesterday.
LFG is valiantly defending the peg and safeguarding Terra.
They are heroes!
5/10 Fortunately, this attack happened when Terra was in a strong position.
Looks like conditions in TradFi and crypto may be getting worse this year.
Good that this Terra capitulation is happening now, not at the end of a year-long bear market.
Looks like conditions in TradFi and crypto may be getting worse this year.
Good that this Terra capitulation is happening now, not at the end of a year-long bear market.
6/10 Right now, the wheat is being separated from the chaff.
Weak hands are folding, which makes Terra stronger. True #LUNAtics will make up a higher proportion of users once this is all over.
The UST peg will be stronger than ever.
Weak hands are folding, which makes Terra stronger. True #LUNAtics will make up a higher proportion of users once this is all over.
The UST peg will be stronger than ever.
7/10 And the Terra ecosystem will continue to flourish!
There's a plethora of new, amazing protocols ready to launch over the next few months.
@Nebula_Protocol, @Sig_Finance, @Levana_Protocol, @Vertex_Protocol, and @ProtocolVoid, to name a few.
There's a plethora of new, amazing protocols ready to launch over the next few months.
@Nebula_Protocol, @Sig_Finance, @Levana_Protocol, @Vertex_Protocol, and @ProtocolVoid, to name a few.
8/10 Each of these protocols is exciting, and each adds something unique to the ecosystem.
As an ecosystem, Terra is full of life and growth.
The decentralized economy on the Terra blockchain is more robust, diverse, and interesting than ever before!
As an ecosystem, Terra is full of life and growth.
The decentralized economy on the Terra blockchain is more robust, diverse, and interesting than ever before!
9/10 Admittedly, the price of LUNA won't be as buoyant as it used to, and the total supply of UST will contract.
But look at the history of BTC and ETH. Both had extremely painful contractions, but they always came back stronger.
In the long run, Terra will be bigger than ever.
But look at the history of BTC and ETH. Both had extremely painful contractions, but they always came back stronger.
In the long run, Terra will be bigger than ever.
10/10 In the meantime, we should all continue to enjoy this ecosystem and the unique protocols it offers.
And we should be thankful to @LFG_org for defending the peg.
Stay true to the vision of Terra.
Decentralized finance needs decentralized money.
And we should be thankful to @LFG_org for defending the peg.
Stay true to the vision of Terra.
Decentralized finance needs decentralized money.
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