I know some of you have been waiting a long time for this but we are finally able to release information about the stablecoin product we have been working on.

Ustprotocol.com

common.xyz/terra-luna-cla…

This gives Terra Classic the stablecoin product it always should have had.

- Fully backed initially, rapidly moving to overcollateralised.

- The ponzinomics of Anchor have been replaced with real yield derived from extremely safe stablecoin LP strategies and cross chain arbitrage.

- No Lockup Yield - This is probably the biggest USP of this product. Yield is paid autonomously while in your wallet, on an orderbook, in LP strategies and even while using L2 protocols. There's not a single other token let alone a stablecoin offers this, giving us a competitive edge over all other stables and making us an attractive product for both retail and institutions/market makers.

- #LUNC/USTC Supply/debt - The legacy debt and supply issues are dealt with through the purchase and burning of LUNC/USTC a share of the yield generated on LP strategies on other chains. With low to moderate adoption we are talking about generating enough profits to actually deal with the debt ourselves.

I think we can all agree #USTC was an ingenious product, but it was inherently flawed, and it wasnt until it was too late that these flaws were realised.

By creating USTD we gain all all the benefits USTC had that drove its success, (plus more with the additional yield distribution USP), but with none of the flaws/risks/ponzinomics attached. Fundamentally this has the ability to generate the profits we need to deal with the legacy debt that cripples our chain while giving us a usable and competitive stablecoin thats used across DEFI.