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Do Kwon

@stablekwon

Captures the essence of the Moon’s value capture

@FloodCapital

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Flood Capital

@FloodCapital

· Apr 26, 2021

1/ Thread on the Terra $LUNA ecosystem. Imagine if every time USDT, USDC, DAI or any other ETH based stable coin was minted it required an equal amount burned in ETH? Welcome to LUNA’s tokenomics, a fascinating design that has burnt >100m (~22%) Luna over the past 3 months.

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1:20 AM · Apr 27, 2021Twitter for iPhone

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$LUNA 🚀🌕

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And it's pink moon tonight

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What will happen when there are no more moons, how would your price be maintained and the other would not be generated more!?

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Lunaaaaa

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Where does demand for UST come from?

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The problem is Tether and USDC are listed on mainline exchanges, no one is going to send their hard earned cash to the minor exchanges that UST are listed in after what happened in Turkey