$LUNA burn proposal confirmed
Do Kwon confirms the community pool will be burned if on chain vote passes
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.
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.
This is why we all need an intern:
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.
Wormhole @wormholecrypto1/ 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
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?
More hopium needed?
Do Kwon 🌖 @stablekwonNext 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. https://t.co/Wahn9IWNoK
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.
In Do Kwon we trust. Should probably buy more $LUNA…
And that’s your alpha.