Conversation

Do Kwon 🌕
@stablekwon
$UST with $10B+ in $BTC reserves will open a new monetary era of the Bitcoin standard. P2P electronic cash that is easier to spend and more attractive to hold #btc
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Do Kwon 🌕
@stablekwon
It's not 10B today - as UST money supply grows a portion of the seigniorage will go to build BTC reserves bridged to the Terra chain We have 3B funds ready to seed this reserve, but technical infrastructure (bridges etc) is still not ready yet.
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Adam Back
@adam3us
Where did the $3bil come from. Is that real or thin liquidity premined / ICO tokens, that can flash crash to zero on am automated market maker if collateral gets stressed.
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Do Kwon 🌕
@stablekwon
it’s btc or tether - 1B was raised recently (should be articles around) and 1.2B LFG raised by selling UST against tether, 0.8B or so left to go
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The One
@TheOne19125869
so out of the proposed 10b of which you're doing 3b now only 400mil was raised through selling ust against another stable? the whole value of your token is to do things like that, and when you're supposed to eat your own dogfood, you do... only 4% through that? lol
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