Conversation

1/ All your $AVAX are ours. a 🌕🔺 #TERRAVAX thesis 🧵 :

Luna Foundation Guard buys $100 million in AVAX for UST’s reserve

LFG bought $231 million in bitcoin the day prior, but this appears to be the first time LFG is buying into another cryptocurrency.

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Do Kwon

@stablekwon

Apr 8

Cant partner with yourself bruv

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The3rd

@KSBISTSR

Apr 8

$AVAX use $UST in their ecosystem thus many many $LUNA get burned 👍...you know what this does to price

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Replying to

and

It burns Luna - the minting mechanism is the same - you create $UST by swapping $1 worth of Luna $UST will also be available for purchase on AVAX, which will *lockup* avalanche as more UST gets used

5:59 AM · Apr 8, 2022Twitter Web App

Replying to

and

Are you suggesting that you are increasing the circulation of $UST in other L1s thus burning more $Luna?

Replying to

and

Not sure to understand, what about the Avax inflation and if it's interested bearing, does it become securities ?