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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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5/ First, the $AVAX acquired by will be used to provision a large reserve against $UST using the automated mint mechanism identical to one designed for $BTC. = $UST will be able to be minted and redeemed against $AVAX, on Avalanche. $UST becomes Avax native
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6/ This means that as $UST adoption grows on Avalanche, $AVAX becomes more scarce - aligning the growth of the stablecoin with the L1's developers and users.
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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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