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2/ Today, none can deny that is one of the most exciting ecosystems in web3.
It is currently one of the most heavily trafficked L1s with hundreds of apps spanning DeFi and gaming.
The numbers are great:
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3/ But the future is even brighter for avalanche.
Every bull market we are reminded of a need for a horizontally scaled future, as blockspace gets clogged and monolithic chains struggle.
Web3 will run on multiple chains, and many of those chains will be Avalanche subnets.
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4/ The alliance between and is the biggest ever formed in web3.
Details?
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7/ will also start to cover initial bootstrapping costs for select projects that use $UST in the Avax ecosystem.
Costs of audit in consortium with our various security partners will be covered.
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8/ TFL will also put boots on the ground to grow Avalanche - has touched ground recently, and will create a cluster of top assets in the Avalanhce eco etc.
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9/ We call on every project to engage with the Terra community to grow together.
Decentralized economies need decentralized money, and happy to work on blitzscaling Avalanche's for the years to come.
🤝
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Yeah, thought it added to resrves to defend peg... Avax burned any time? May not be bad, seems like is a terra gov vote thoug....
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Wait, how does it make AVAX more scarce aside from off market in reserve? If done by the same method as the BTC reserve is that not LUNA mint/burn first and BTC,.AVAX, any ither asset after and only if UST peg goes out of whack? Meaning, 99% it's LUNA burn not reserves?
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All I own is Luna,avax and Solana and they're all dying a slow death. SMH
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It's easy:
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Crypto is capitalism and the crypto networks are secured by stakers who rely on collected gas fees.
2) in capitalism economic entities with high revenue are more valuable than entities with low revenues.
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