Conversation

$LUNA stepping into the giants' toes. Although it's still very small compared to $ETH and $BTC and it doesn't have Binance's marketing team,

@terra_money

is there, paying it's users for staking. This is just starting.

170

Do Kwon

@stablekwon

Apr 3, 2021

Isnt this a long time ago?

Midas (The Cult Buidler)

@TheMoonMidas

Apr 3, 2021

I believe

@OtherMike2

got it from today. But I'll double check.

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Do Kwon

@stablekwon

Apr 3, 2021

Cc @3william5chen does this look right to you? What revs are staking rewards and airdrops per year are we generating on runrate? Should be ~700M or so at todays values

will chen

@stablechen

Apr 3, 2021

Doesn't seem right -- while I don't think they should be counting airdrops, they definitely missed factoring in the LUNA seigniorage rewards!

@bullish_guy

Apr 3, 2021

William, consider the role of "fees" in the network. They are distributed to stakers to maintain the network. Now, airdrops are also "fees" that are distributed to stakers to maintain the network. Therefore, the chart above is delusional, misleading, and shit.