Conversation

3/ The staking rewards are paid out in UST, which makes Luna pretty unique among PoS assets in paying out double digit (13% pa so far) in non-recursive assets This makes Luna *countercyclical* to market downturns - when Luna price goes down, staking returns go up linearly

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4/ Other staking assets don't have this property - in literally any other PoS system, price falls of the native staking asset also decreases the staking reward, as the basis is the same The community burn makes Luna a significantly more resilient asset to downturns

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5/ Second, it's important to observe what the community does with the new 4-5B in UST to be minted - obviously creating 5B UST in a vacuum doesn't really do anything I've hinted that: 1. The CP will protect against depeg risk of UST 2. Insurance 3. Aid multichain expansion

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6/ On depeg risk - I've grown quite tired of arguing with idiots on Twitter on whether UST can remain stable in bear. So soon I will propose creating multi billion dollar reserves in decentralized assets (BTC and others) in an attempt to save myself time. More to follow.

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7/ Insurance - Ozone x

@riskharbor

- Terra will be the most secure chain to deploy apps and $UST the safest asset once this goes live (wen? wait till burn finishes)

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8/ Aid multichain expansion - if the last 12 months of Terra was focused on cultivating the economy domestic of the Terra chain, we will soon have the right infrastructure to support massive expansion of UST on other major chains - the goal is to have $UST everywhere

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9/ Some community pool $UST will be used to create deep liquidity for pools in multiple smart contract ecosystems, such that builders can access the leader in decentralized money on any chain

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10/ A couple weeks ago i said we are in the middle of a show - wait till the end before commenting

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