RE: Our Thoughts on Luna Foundation Guard (LFG) Buying BTC and AVAX to Back UST
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UST works as an algorithmic stablecoin on the Terra blockchain. LUNA is burned to mint UST and UST is burned to mint LUNA. The synergistic relationship creates arbitrage which keeps the price of UST at or wrapped around $1.
I believe this is the same strategy you intend to apply to pHBD and pHBD-USDC. Since we now have the 20% APY interest on HBD, we have a lead if we implement the Polygon HBD.
Thanks for sharing.
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Yes exactly in some ways. With pHBD, we’ll be driving massive value to the PolyCub treasury through HBD. This will be a huge source of revenue for the treasury which holds a basket of cryptos and Stablecoins. Not unlike LFG
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This is quite amazing and I want more innovations to come up because I'm a believer of the LeoFinance community. I truly love what's happening in the community. Keep the good work coming.
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We're always looking at projects like Terra (LUNA) for inspiration on how to stay on the bleeding edge of the industry! Thank you 🦁
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