$UST the stablecoin Outlet will soon utilize just broke its peg.
We are still planning on introducing it to our 45,000 account holders.
Here is why we are bullish on @terra_money, despite it being such a controversial topic in DeFi & crypto today.
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We are still planning on introducing it to our 45,000 account holders.
Here is why we are bullish on @terra_money, despite it being such a controversial topic in DeFi & crypto today.
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Algorithmic stablecoins are becoming core to the new decentralized economies being built on top of Layer 1 blockchains. Each of which have their own rules to be printed.
There is around $18b of UST marketcap circulating at this moment. Meaning $18b has been minted.
There is around $18b of UST marketcap circulating at this moment. Meaning $18b has been minted.
We at Outlet want to support these new economies, and the people who believe in their missions.
Each person should have the freedom to do what they want with their money, and play a part of the community they see most fit.
Each person should have the freedom to do what they want with their money, and play a part of the community they see most fit.
@terra_money has been prepared for this moment, and is deploying the necessary capital to remedy the situation right now.
Projects like @LFG_Reserve @TeamKujira @WhiteWhaleTerra
All exist to keep this peg, and it still broke its peg.
Projects like @LFG_Reserve @TeamKujira @WhiteWhaleTerra
All exist to keep this peg, and it still broke its peg.
Why would we be bullish and introduce @terra_money and $UST at a time like this?
We remain bullish because of the resilience of #LUNAtics, the community that is built to autonomously save itself from situations where $UST depegs itself.
We remain bullish because of the resilience of #LUNAtics, the community that is built to autonomously save itself from situations where $UST depegs itself.
Do we think the peg will go back to normal?
Yes we do. @LFG_Reserve has been allocated to go towards centralized exchanges who handle your fiat to crypto exchange, and will pay you the $1 rate.
Making the end user whole. This is the most important thing.
Yes we do. @LFG_Reserve has been allocated to go towards centralized exchanges who handle your fiat to crypto exchange, and will pay you the $1 rate.
Making the end user whole. This is the most important thing.
Was this actually good for an Outlet user?
Maybe. The world is watching @terra_money grow, and fix itself.
Other communities are also launching algorithmic stablecoins in an effort for you to join their community.
Maybe. The world is watching @terra_money grow, and fix itself.
Other communities are also launching algorithmic stablecoins in an effort for you to join their community.
We see ourselves as pirates.
Not necessarily loyal to any one single ecosystem, but here for you to reward yourself as best as possible across all networks.
@CeloOrg, @NEARProtocol, and others all have their own algorithmic stablecoins and networks gaining traction.
Not necessarily loyal to any one single ecosystem, but here for you to reward yourself as best as possible across all networks.
@CeloOrg, @NEARProtocol, and others all have their own algorithmic stablecoins and networks gaining traction.
Each network and community will have their own rewards. Each of which will be fighting for your capital.
Benefiting you, the end user the most.
What we are proposing is that we get you on direct deposit with your non custodial wallet, and protocol of choice.
Benefiting you, the end user the most.
What we are proposing is that we get you on direct deposit with your non custodial wallet, and protocol of choice.
We are not fully integrated with @terra_money just yet but are launching a Native Terra wallet and bank account in app within the next few weeks for everyone.
If you want to get on beta you can join our discord.
If you want to get on beta you can join our discord.
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