Sail Protocol 🏛️♻️
@sail_protocol
Say hello to Sail Protocol, better savings built better. 🏛️♻️ Anchor yield is now part of @wemintcash — powering monetary stability.
The future of money is ████████████████
Since yall were asking for more information from us, we will routinely post some of our monetary policy research on our Mint Agora Forum: agora.mintca.sh Join to receive project development updates! (Not accepting third party posts yet)
T H E B U R N D R O P [ ▓▓▓▓▓▓▓▓▓▓▓▓▓░░░░░░░ ] [*] Initializing... [!] During the burndrop period, Terra Classic users will be able to burn $USTC and redeem $oppaMINT — $MINT call option tokens — and $ANCs (governance token for @SailOnAnchor)
![wemintcash's tweet image. T H E B U R N D R O P
[ ▓▓▓▓▓▓▓▓▓▓▓▓▓░░░░░░░ ]
[*] Initializing...
[!] During the burndrop period, Terra Classic users will be able to burn $USTC and redeem $oppaMINT — $MINT call option tokens — and $ANCs (governance token for @SailOnAnchor)](https://pbs.twimg.com/media/GAzSY1gawAAMJo-.jpg)
Missed us?
Anchor could have done a 20% APY for a crypto native stablecoin quite sustainably just by running cash and carry on $stETH + short $ETH But instead they chose to do it the dumb way and nuked a hole in the industry
WTF is Mint Cash?: A sufficiently simplified read on the Mint Cash stability mechanism, by @shinhyojin1031 medium.com/mintcash/wtf-i…
(1/n) 🏛️♻️ All things to read about Mint Cash (Updated) ✅ @wemintcash is a permissionless and price-stable payments and savings currency system, denominated in 15+ countries & backed by Bitcoin. ✅ Also sovereign blockchain with @CosmosSDK. ⚛️
lol ok, so to respond to some critics' claims on how @wemintcash is merely "using" the @terra_money $LUNC community to bootstrap our own project: we are probably offering the best deal for $USTC holders so far, EVEN IF you don't believe in us!
昨天截的这张图，今天Daniel的Twitter不知道为啥被ban了，然后 $ANC @anchor_protocol 被爆拉了87% 😂 难不成，Stablecoin Season要卷土重来？
On the original IR deck, when @terra_money introduced Anchor @anchor_protocol in 2020: "Anchor is able to yield 7~10% APR" on "the Dollar stablecoin", or $UST Those who ignored this warning met only ashes Time to set things right once more Stand with @wemintcash
"but ser, that's not how the DSR works" yeah, there were oversimplifications. the DSR is _opt-in_, i.e. only people that stake their DAI with the DSR module and receive sDAI can receive yields. @MakerDAO claims this is how they implement contraction. We say, not so much.
10/ for example, if 1 $DAI > $1, you need people to _borrow_ more from @MakerDAO, and then sell resulting $DAI to return to its $1 peg but increasing loans would require lowering the Dai Savings Rate (DSR), i.e. the interest rate at which the Maker protocol enforces on all loans
0/ A tl;dr on what @wemintcash is If you have found the full Mint Cash whitepaper (mintca.sh/docs/Mint%20Ca…) a bit too long to read, you will find this thread useful
🌎 The Vision and Path Forward for UST 2.0 🌕 Two days ago, we announced the launch of Mint Cash: a spiritual successor to TerraUSD (UST), a failed stablecoin that tried to become the largest decentralized currency for the masses. The Mint Cash team would like to talk about why…
Yo degens, anyone remember what Terra @terra_money was? It was one of the early “DeFi” algorithmic stablecoins with high ambitions, but lost its $1 peg from its peak at near $20B TVL. Today we're bringing Terra back from the grave. Why now? Read on ...👇 1/
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