VEGAS
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$LUNC $USTC The work on Terra continues, the validator #VEGAS brings us the information so stay tuned lunatics SPARTANS š¦āš„ July comes with surprises
This gives Terra Classic the stablecoin product it should have always had. - Initially fully backed, quickly moving to over-collateralized. - The ponzinomics of Anchor has been replaced with real yield derived from extremely secure stablecoin LP strategies and cross-chain arbitrage. - No locking yield: this is probably the biggest USP of this product. The yield is paid autonomously while in your wallet, in an order book, in LP strategies, and even while using L2 protocols. No other token, let alone a stablecoin, offers this, giving us a competitive edge over other stablecoins and making us an attractive product for both retail and institutional/market maker investors. - LUNC/USTC supply/debt: The inherited debt and supply issues are solved through the buying and burning of LUNC/USTC, a portion of the yield generated by LP strategies on other chains. With low to moderate adoption, we're talking about generating enough profits to handle the debt ourselves. I think we all agree that USTC was a clever product, but it had inherent flaws, and it wasn't until too late that these were detected. By creating USTD, we gain all the benefits that USTC drove its success (even more so with the additional yield distribution USP), but without any of the flaws, risks, or the restrictive fiscal policy it entails. Fundamentally, this has the capacity to generate the profits we need to address the inherited debt that paralyzes our chain, while providing us with a usable and competitive stablecoin that is utilized in DEFI. We appreciate your continued support and look forward to your feedback. RedlineDrifter and REDniks
$USTC
This gives Terra Classic the stablecoin product it should have always had. - Initially fully backed, quickly moving to over-collateralized. - The ponzinomics of Anchor has been replaced with real yield derived from extremely secure stablecoin LP strategies and cross-chain arbitrage. - No locking yield: this is probably the biggest USP of this product. The yield is paid autonomously while in your wallet, in an order book, in LP strategies, and even while using L2 protocols. No other token, let alone a stablecoin, offers this, giving us a competitive edge over other stablecoins and making us an attractive product for both retail and institutional/market maker investors. - LUNC/USTC supply/debt: The inherited debt and supply issues are solved through the buying and burning of LUNC/USTC, a portion of the yield generated by LP strategies on other chains. With low to moderate adoption, we're talking about generating enough profits to handle the debt ourselves. I think we all agree that USTC was a clever product, but it had inherent flaws, and it wasn't until too late that these were detected. By creating USTD, we gain all the benefits that USTC drove its success (even more so with the additional yield distribution USP), but without any of the flaws, risks, or the restrictive fiscal policy it entails. Fundamentally, this has the capacity to generate the profits we need to address the inherited debt that paralyzes our chain, while providing us with a usable and competitive stablecoin that is utilized in DEFI. We appreciate your continued support and look forward to your feedback. RedlineDrifter and REDniks
$USTC
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