7/ What about the apps?
Before, I’ve claimed that demand for and could be (and is indeed designed to be) countercyclical to overall crypto macro demand
2
10
178
Conversation
8/ On , the number of users buying and LPing mAssets has indeed increased, as users take flight from crypto to more stable equity like instruments like mAppl.
Result: TVL relatively unharmed despite declining yields due to price fall of $MIR
3
10
194
9/ On , similar safe haven characteristics have been exhibited with new users coming in.
Unfortunately, on the borrowing side, a lot of users have gotten liquidated due to cascading liquidations.
4
7
193
10/ Now, to the cockroaches:
4
5
165
11/ It’s always been interesting how the cockroaches come out of the woodwork to spread FUD and misinformation almost exclusively during the busiest and toughest of times.
Where were these sage advisors during the good times? Lol
6
23
322
12/ In my experience, if advice is offered only during certain market conditions, it’s almost always bullshit.
1
18
279
13/ To address some of this bullshit anyway - has the team been dumping Luna?
I hold the majority of the team’s Luna holdings, and I’ve bought 50M Luna in 2020 and also bought more Luna in 2021.
2
9
261
14/ I don’t keep track of how much other employees buy and sell - this would be a very toxic workplace indeed.
I hope they sell, and put food on their families’ plates.
That’s why I pay them. That’s kind of how employment works.
2
4
333
15/ Did early investors “dump”? I don’t track this either.
Keep in mind all investors in Terra bought Luna at fair prices then.
All of you had opportunities to buy at the same or lower prices with much less risk in 2019.
Who cares who sells when. They all deserve it.
2
4
288
17/ In my view, none of the fundamentals in this ecosystem have changed:
1) the same apps are being developed
2) the same robust community exists
3) the ecosystem is significantly de-risked for having survived one of the worst market crashes in crypto
Replying to
18/ For those of you missing the ATH, all I can say is we didn’t come this far to get to anywhere but the top.
Building pure, unbiased and decentralized money is the long game - and now I know which diamond hands will build it with me.
;)
108
144
1,295
Exactly
Hyper inflation is around the corner and the ultra wealthy are desperate to protect and hedge their assets.
Right across the board we are seeing manipulation and FUD by those I mentioned with the help of some high ups. I'm glad this debate is out in the open to learn from.
I would like to know when wormhole is finished, we'll likely see a lot of ETH going the way of anchor.I would like to see it happen soon .
Thank you for your hard work
1
2
In your view and as a matter of fact also Sir Do 👍🙏👌👏
Super Well said as usual 👏
Masterpiece at work ladies and gentlemen witnessing before our eyes (enter the Terra Money Ecosystem). Thanks.