$LUNA burn proposal confirmed

Do Kwon confirms the community pool will be burned if on chain vote passes

Oct 22, 2021

Welcome to the second Alpha newsletter. We curate alpha for you. That’s it; that’s the newsletter.

Read on to avoid the below scenario:

This news was formally decided via governance a few months ago, but $LUNA’s illustrious leader fired up Twitter with confirmation that the community pool burn would happen pending an on chain vote next week.

Do Kwon 🌖@stablekwon

Next week, we will uphold @terra_money signal prop 44 and initiate a proposal to burn 90M Luna in the community pool to mint $UST for Ozone. This will reduce Luna total supply by 90M, and increase $UST supply by roughly 3-4 billion.

6:45 AM · Oct 22, 2021

688 Reposts · 2.19K Likes

Do Kwon 🌖@stablekwon

A byproduct of this operation is that a lot of swap fees will accrue, which we expect will result in $LUNA staking returns (minus airdrops) to 5 x.

6:51 AM · Oct 22, 2021

133 Reposts · 796 Likes

5x the staking returns, plus a significant amount of the total supply burned. Pretty cool. Ok, so significant fundamental event, but how’s the TA looking? Kaleo has been bullish on $LUNA since the market correction in May. He’s still bullish.

K A L E O@CryptoKaleo

$LUNA Massive supply burn around the corner. Finally looks ready to send to $50+ 🤝

8:41 AM · Oct 22, 2021

99 Reposts · 638 Likes

This is why we all need an intern:

Hsaka@HsakaTrades

Intern just submitted their $LUNA report. Was pretty extensive, will try to distill it as well as I can. 🧵👇 1/n ~10% supply burn (~$4b) IBC multichain UST spell integration cambrian explosion flywheel effect $100 do kwon staking yield 5x airdrop wormhole gm wagmi

6:08 PM · Oct 22, 2021

21 Reposts · 183 Likes

In case you missed this. UST being available to be used across Solana dapps is a big deal. More demand for $UST = more $LUNA burned.

Solana@solana

UST coming to Solana DeFi via @wormholecrypto

Wormhole @wormholecrypto

1/ We're ecstatic to announce the long-anticipated support of @terra_money to the Wormhole token bridge! 🚀 Terra is known for its vibrant ecosystem, #LUNAtic community, and its decentralized stablecoin, $UST. https://t.co/T5eAVkY0As

12:37 PM · Oct 20, 2021

451 Reposts · 1.92K Likes

So you get the picture. Bullish FA and bullish TA and another catalyst for UST demand to increase. So the big question you might be asking yourself: how much $LUNA is enough $LUNA?

🌖 𝐂𝐑𝐘𝐏𝐓𝐎 𝐒𝐔𝐒𝐀𝐍𝐍𝐀 🌖@soilbrah

Remember: 1000 $LUNA is the make it stack

5:23 PM · Oct 18, 2021

8 Reposts · 44 Likes

More hopium needed?

T O - T H E - M O O N - S I R ? $UST 🌖👻@tothemoonsir

This is a screenshot of @Sheldon_Sniper and @cryptomanran discussing $luna "likely to go to $500 - $700 this bull market". I think they are right. $psi $anc $mir $orion

4:37 PM · Oct 21, 2021

29 Reposts · 117 Likes

Nicolas Flamel 🌖⛓🕸@NicolasFlamelX

You paying attention? Terra TVL about to 🚀 Already that $LUNA was crazy undervalued compared to $SOL The gap is about to get even more crazier Market are inefficient until they aren’t $LUNA is a top 3 coins and it’s just a matter of time before valuation reflect that

Do Kwon 🌖 @stablekwon

1:12 PM · Oct 22, 2021

29 Reposts · 156 Likes

Remi Tetot 🌖🔴@Remi_Tetot

Based on Network effect comparison with Eth 2017 run, $LUNA could easily reach $400 in this run. IBC Whormhole @danielesesta MIM integration etc... Could mean it actually takes us to uncharted territory. $LUNA $UST #LUNATICS

6:00 AM · Oct 22, 2021

58 Reposts · 346 Likes

The yield on $UST is about to go up dramatically. Anchor already provides an incredible yield opportunity on your $UST with 20% APY, but it’s about to get better. Route2FI outlines how you can generate a massive 160% APY.

*Disclaimer* this isn’t without risk, obviously.

Route 2 FI 📈🌖@Route2FI

Important update!! 🚨 Tomorrow you'll be able to aUST --> $MIM --> buy $UST --> deposit to Anchor. 160% APY here we come!