Posts

avatar of @anarchistpreneur
25
@anarchistpreneur
·
·
0 views
·
1 min read

LUNA is a good one, as the Mint & Burn method has clearly gained widespread acceptance as a stablecoin backing method. Even just 1 year ago, people thought that only fiat-backed stablecoins had a future. But we see now with all these frozen accounts etc, that fiat backed stablecoins are in fact a HUGE risk...I mean what do we do if the money backing the stablecoins suddenly gets seized one day by the thieves running the government? One call to the bank can cause billions of dollars in losses...but not to mint & burn stablecoins like LUNA's UST or Haven's xUSD!

But yes, the LUNA ecosystem I think will keep growing. Osmosis is also part of the Cosmos family just like LUNA, so their awesome yields are also a possibility, that is what i have been eyeing myself, we will see , ha ha. OSMO does have a kinda cool promo at the moment though where the fees are literally free right now as long as you dont choose the high priority fee option, so thats pretty sweet, and basically equates to a slightly higher APY%, since you can now afford to compound eevry single day with the free transactions, whereas I usually wait and only claim rewards+compound like once every week or two depending on the investment amount elsewhere due to fees.

Posted Using LeoFinance Beta