RE: RE: Terra Is Activated on Thorchain - Why It Matters - Bullish for Rune and entire crypto
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RE: Terra Is Activated on Thorchain - Why It Matters - Bullish for Rune and entire crypto

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5y

I am a big fan of Terra chain. I only started investing in Luna about four months and I can say its be great. You have it right where Luna is burned for UST. Would like to add because of this burning Luna is a deflationary coin. Each day about 1 million Luna is removed and UST amount in Luna daily price is minted. The UST market cap continues to rise because people like its stable value and 19.5% APY when placed on Anchor protocol. This is more than HBD and the fact that UST has pegged to $1 USD pretty closely for most of its existence.

I am very excited with Terra now on Thor too. Been hunting for bigger yields for Luna while holding Luna. If 30% is in the cards that will be the biggest reward yields for native Luna to date. Sweet!

@mawit07: I am a big fan | Ecency