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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

Nobody in particular

@icanhasgains

Apr 8

But he literally just said that this move will mean UST gets minted by burning AVAX, not LUNA:

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Do Kwon

@stablekwon

· Apr 8

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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Do Kwon

@stablekwon

Apr 8

Didn't say burn, said it gets more scarce AVAX gets locked up to unlock $UST Its the same as this, except replace $BTC with $AVAX

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Discuss, organize, and grow decentralized communities

6:01 AM · Apr 8, 2022Twitter Web App

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Wen $RUNE reserve pool?

Yes, Sir. When $RUNE reserve pool :>