This is tragic. I know UST and Bean ruined a lot of portfolios. But we can beat ETH and BTC.
Here's a mini-thread on tuition I've paid and how we can beat the markets even while taking a few on the chin.
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๐ข In ~35 minutes, the #4eur liquidity mining will be relaunched on @0xPolygon.
๐And, another liquidity mining featuring the $agEUR of @AngleProtocol will also be launched, in a brand new one #2eur pool.
I was one of the lucky ones that didn't get liquidated yesterday on my @anchor_protocol, thanks to also having some $ETH as collateral. With help of @TeamKujira I even picked up some more $LUNA. And now we build! Upwards and onwards!
#DeFiNeverDies
1/ Yesterdayโs markets were unprecedented.
The $UST peg broke down, $LUNA was off 50%+ and Terra nodes were overwhelmed by traffic.
What happened on Astroport and what comes next?
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You can get more data on Prism Protocol by going to: https://t.co/gh3MVCfkmA (shoutout @IncioMan)
Or by using to @lurkaroundfind's various dashboards here: https://t.co/opQtjhZBZQ
1/12 $UST is below $1 and lots of people are panicking, but let's relook at the fundamentals.
What is the relationship between $LUNA and $UST and three reasons why $UST will NOT depeg.
A short thread for a short crisis.๐งต๐๐ป
$LUNA $UST $ASTRO @terra_money#Terra#Lunatics
Old thread, but a very good read in light of the $UST and $LUNA volatility we just saw. Just read it and don't panic. This is not the end of the Terra ecosystem!
1/ Extreme volatility produced a series of collateral effects across the Terra ecosystem, primarily derived from the short-term peg deviation of $UST and its impact on the volatility of $LUNA and levers of the Terra protocol. Thereโs a lot to unpack, so letโs dive in ๐
We have the first victim of the #Astrowars! I think it's great that the team made that change and adapted to the situation; now full focus on the #anchorwars! Already the competition is heating up there too with @HelmProtocol.. what a time to be a Lunatic!
#luna#defi#terraluna
We are launching within 120mins! ๐
DO NOT BUY UNTIL OFFICIAL ANNOUNCEMENT!
Check Discord for rules on launch... & your chance to win $ORBIT tokens!
https://t.co/M4CmuXCfri
#Launch#Whitelist#Giveaway
I really like the simplicity of the single #astrowars token on @ApolloDAO by just having the LP $xASTRO-$zvxASTRO and no single staking. That makes things much easier for the user! And should really help the peg. Should easily compensate for the lower overall emissions.