I’ve always tried phrasing my threads as educational know hows, this one is going to have a lot of opinions.

1. Update on Luna/UST coins.
2. Update on Terra Chain
3. “Wasn’t this obvious all along?”
4. It is not all about the Tokenomics™

So much to say, such little sleep.

1) Luna/UST supply changes.

In terms of tokenomics, the game theory incentive came out. So much sell pressure and speed of contraction made Luna “a valuable asset” (as I erroneously called this scenario before).

Owning Luna now yields +999.99% APR (I think the dashboard maxed)

We will table (1 for now). 2) The Terra Blockchain.

A backstop to UST contraction giving Luna sell pressure, is Luna inherent value, as any blockchain token, for the demand of its blockspace.

As long as Validators continue validating, Luna would not go to zero.

I can tell you there is resolute conviction of all nodes and validators to support Terra in the foreseeable future.

Dapps:

Having coded smart contracts in Solidity (for Eth) and Rust (for CosmWasm like Terra), CosmWasm is simply so much more powerful it what it can do.

A lot of man hours has gone into building dApps on Terra. While most Alt L1s I see have merely copy pastes of Uni/Curve/Aave, Terra has some unique apps seen nowhere else. Top of my head, no preference: @angelprotocol let’s you donate money in perpetuity and get tax credit,