Great article. Yes, the beauty of the Terra ecosystem is that the increased use of the UST stablecoin actually directly helps the price of LUNA, by making LUNA drastically more scarce, LUNA has had a deflationary trend for a while now, I mean look at that incredible reduction in the LUNA supply chart!
The nocoiners who want nothing to do with speculating can use the Terra side and use any number of the ecosystem's stablecoins, and the more they use their stablecoins, the more LUNA gets two benefits: reduced supply + greater staking rewards!
Everybody wins. LUNA and Haven Protocol (they use the same mint & burn system with a few small changes + with the added benefit of Monero privacy tech) are the FUTURE!
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Don't forget the Cosmos IBC linking with Terra makes it truly solid. I only found out about Cosmos a little over a couple months ago. Talk about me being slow !LOL !PIZZA !LUV
@mawit07(4/10) gave you LUV.
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@anarchistpreneur, I sent you an $LOLZ on behalf of @mawit07
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (2/10)
I am still learning about the specifics of the IBC, but essentially it allows you to interact with other Cosmos SDK-based blockchains NATIVELY, right? Like On OSMO chain for example, from what I can tell, it seems like you can actually send REAL coins from LUNA that are not wrapped, is that right? Or is it just a lower risk form of wrapping? As it stands right now, bridges for other chains are basically 2 chains that are not designed to work with each other just kinda communicating via a rough tool that is practically held together by tape, I hear that bridges often have a lot of risk. So I am assuming the advantage of Cosmos' ecosystem of chains has the advantage of being much safer.
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Thank you for the tips btw!
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