Mr Refractor | Pryzm
@MrRefractor
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Building things with @Refracted_Labs ➡ @Pryzm_Zone & @Forwards_Zone | TradFi ➡ DeFi | prev. Goldman Sachs & JPMorgan
The Cosmos
Joined July 2009
I had the chance to discuss @Pryzm_Zone with @ReveloIntel. We dive into why we built it and the opportunities it unlocks. Hope you find it helpful!.
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Hands up🙋if you've never sold a single $LUNA . (apart from accidentally using it to pay for a transaction on terra station🙊).
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If you can send $aUST to @ethereum why isn't it in liquidity pools on @CurveFinance @SushiSwap @Uniswap ?. $aUST is a compounding coin like $xSUSHI. You don't need to be on @terra_money to collect yield. Users just swap erc20 stables for $aUST and compound at ~20%. $LUNA $UST
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❗️ $LUNA Yield Update ❗️. TLDR = Staking yield about to 5x for 3 years = $LUNA price 🚀 . The "swap fees" part of this announcement is huge for $LUNA and protocols like @anchor_protocol and @prism_protocol. 🧵👇.
Next 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.
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When #LUNAtics are looking at new protocols on @terra_money what are the fundamental drivers of value to the ecosystem?. Will these protocols:.1⃣ Increase $LUNA utility?.2⃣ Increase $UST utility?.3⃣ Increase $LUNA's yield?.4⃣ Increase $UST yield?. 🧵below.
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What if the GalacticDAO became part of the $150mm @terra_money Ecosystem Fund and could invest in seed rounds of exciting Terra projects? 🤔. Holding @galactic_punks ➡️ seed investor. $LUNA $UST $PRISM
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Decentralized $LUNA / $UST perp trading on @InjectiveLabs with up to 10x leverage and you can easily bridge over your $UST or $LUNA over via IBC. Which @terra_money assets shall they add next?
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A thread 🧵 on some things we're working on at @prism_protocol . ⬜️ Shipping "My Page".⬜️ Limit Orders should go live early next week - we are working with @TeamKujira and @coinhall_org to make it as beneficial as possible for everyone. ⬇️.
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It’s a shame seeing this from influencers and other validators. We expected it, but we also hope people don’t blindly follow lazy tweets that are devoid of basic math. We encourage naysayers to first seek to understand before spreading FUD. @Pryzm_Zone has a very basic and clear.
This is what you get for Stakedrops, if you're thinking about doing a stakedrop for your community, be ready to take a lot of flack for it. Unless you're somehow actually rewarding people with something meaningful for the months that they stake their capital with you, you'll end.
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For everyone that thinks $LUNA could go to $10. Just a friendly reminder staking yield would be ~27.5% and most of that would be getting paid by the $1.44bn UST already waiting in the oracle rewards contract. 🤔.
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@vertex_protocol will unleash the full multi-currency power of @terra_money stablecoins, making inefficient TradFi institutions, with their antiquated rules and bloated fees, obsolete. ✅Leveraged FX trading on-chain.✅Anchor-style yields on any currency (EUR, GBP, JPY, CHF. )
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Our injective validator regrettably had a 0.1% slashing event because of downtime due to delays in Peggo bridging transactions. Our delegators are the reason Pryzm is possible, and we have taken a snapshot of those impacted and will make sure to more than compensate delegators.
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Excited we get to take everything we learned from building @prism_protocol & iterate. It's a blessing in disguise & we get to rebuild better. We are going to be more interoperable, vertically-integrated, have fewer dependencies & maturities will be the priority.
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Project Update: @Pryzm_Zone . 🔹 Genesis Block Production:.The team is diligently working to produce the first block of the Pryzm blockchain, marking a significant step forward in our journey. 🔹 GTM Strategy:.We’re investing substantial time in our go-to-market strategy. It’s.
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Devastated but today is a new day and dwelling on that isn't productive. I'm realising the real value is what we all built and learned. That can never be taken away from us. Today we put one foot in front of the other and start moving forwards. $PRISM.
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An update on @Pryzm_Zone, @Forwards_Zone from @Refracted_Labs team. Current work. ▫️ Testnet improvements - thanks for the feedback.▫️ Airdrop Registration: UX and back-end.▫️ Improved code to incorporate Cosmos LSM (Liquid Staking Module) enabled - good news for $ATOM holders!.
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An army of #LUNAtics are ready to use @InjectiveLabs if they can trade $UST and $LUNA there. $19bn $LUNA and $7.5bn $UST are ready to be traded on the first on-chain orderbook on @cosmos . Make dreams come true @ericinjective 😉. $UST is the stablecoin of @cosmos.
IBC is a strong low-cost alternative for depositing on @InjectiveLabs. Which one do you guys prefer? @cosmos ATOM -> USDT or @terra_money UST -> USDT.
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The dip in $BTC price since mid Nov literally could not have come at a better time for $LUNA. Burning all that $LUNA at lower prices than we would have had if BTC was still at 65k, will be something #LUNAtics celebrate for years to come🤑. Nov➡️Dec is #burneyseason
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Learned some new stuff today - even more pumped for @prism_protocol v2 now. We can create something completely unique. Building time! 🔨.
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For the new chain to be successful we need to focus on. 1. Enfranchising the #Lunatics .2. Porting as many of the existing @terra_money dAPP builders. Any new token allocation should serve these two goals as that gives the new chain the highest chance of success.
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Having had to stare at a Bloomberg terminal for the better part of my life its humbling to see @prism_protocol featured thanks to Do's kind words. It's very early days but we got a tonne of exciting stuff to come. $LUNA $UST $PRISM
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Friendly reminder that as $LUNA's price decreases its yield goes up given the $1.4bn $UST in oracle rewards getting paid out to stakers over 2 years. At a price of 50 with 312mm $LUNA staked the minimum yield is 10%. Oracle rewards contract = $3.25bn.
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REMEMBER. when $LUNA price goes down⬇️ the yield goes up ⬆️. A minimum of $1.45bn $UST and 37mm (currently $1.46bn) $LUNA being paid out to $LUNA stakers over the next two years.
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Update from the @Pryzm_Zone team. The team is working around the clock to successfully launch mainnet within Q2. With that in mind, I'd like to take some time to update you firsthand on our progress and some of the things we are excited about. We understand that many of you are.
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Very excited to share this with #LUNAtics and hopefully it helps explain the benefits of @prism_protocol . Launch sequence has been initiated. $LUNA 🤝 $PRISM 🤝 $UST.
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This is how #LUNAtics know we are really early. Only 177 holders of wrapped $aUST on @ethereum. $aUST auto-compounds at 20% which is an even simpler selling point than the benefits of $UST. Awareness and liquidity is all we need!.
If you can send $aUST to @ethereum why isn't it in liquidity pools on @CurveFinance @SushiSwap @Uniswap ?. $aUST is a compounding coin like $xSUSHI. You don't need to be on @terra_money to collect yield. Users just swap erc20 stables for $aUST and compound at ~20%. $LUNA $UST
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It's been a long time coming but. aaaaaaahhhhhh we're refraaaaaaaaaaaaaaaaaaacting 🌈. Early buyers of $pLuna out the gates!. 622,000 $LUNA already refracted and counting!
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Want to know how @prism_protocol can own its own liquidity? Just a few simple steps:. Step 1 = Activate alliance module on Prism.Step 2 = Make LP tokens alliance assets.Step 3 = Set [Take Rate] > 0.Step 4 = Enjoy "Protocol Owned Liquidity"
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@lunatic317 1. we launched $cLUNA .2. we are launching with the @terra_money alliance module and $LUNA will be securing our chain.3. we are about to give $LUNA utility that it has never had before when people can start trading yield.
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"Liquid Restaking" is a popular narrative but most people don't realise its already here on IBC connected chains via the open-source Alliance Module built by TFL. Stake your LSDs or LP tokens into other PoS chains to earn even more yield.🌾.
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After so many years it feels surreal to see Pryzm Mainnet producing blocks! Onwards!
🚨 BREAKING 🚨. The Genesis Block, the first heartbeat of our appchain, is here!. This moment marks a significant leap forward, laying the foundations for vital next steps & exciting opportunities for you to connect & create with Pryzm. Get ready to unlock the future of yield!
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Super stoked we launched #StakeDrop! Getting 450,000 folks on board before we even launch beats handing over 20-30% of our tokens to a bunch of VCs who just dump staking rewards & unlocks on the community. StakeDrop might not be for everyone, and that’s cool, but we’re pumped to.
More than 450,000 users are earning extra yield with Pryzm's StakeDrop!. Earn extra $PRYZM by delegating:. 🚀 $ATOM.🚀 $INJ.🚀 $OSMO.🚀 $TIA.🚀 $DYM.🚀 $LUNA. and more!. Learn more about Pryzm's StakeDrop here:
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@stablekwon @ethereum @CurveFinance @SushiSwap @Uniswap @terra_money aUST : DAI.aUST : USDC.aUST : UST. And then these so people can swap their $8bn of rubbish yielding compound tokens directly for $aUST.aUST ; cUSDC.aUST : cDAI. 😆
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You really feel like you've earned the gainzzz when you hit a new $LUNA ATH after holding when it was down ~80% from the previous highs. #LUNAtics = 💎🙌.
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Is @prism_protocol going to be the first liquid staking option for $LUNA that allows you to participate in @terra_money governance proposals?. Yield + Governance + Liquid Tokens.
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⭐️REMAIN CALM ⭐️. ~$1.5bn $UST and ~37mm $LUNA ($1.8bn) is going to be paid out to $LUNA stakers over the next two years. This doesn't factor in all the tx fees, airdrops, LUNA, future swap fees, $LUNA supply crunch etc. (divide numba by 1mm).
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I'm on the hunt for the best interchain #DeFi dashboard! . Who's got insights with a list of the busiest Interchain wallets: tradooors, liquidity providooors, lendoooors, borrowoooooors, and more? . Recommendations appreciated! . Asking for a friend😉.
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Annnnnnnnnnnnnnnd $PRISM and $xPRISM are live . redeem your PRISM Forge tokens from
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Witnessing the surge of $KUJI is a beautiful thing. It’s a testament to the power of creating products that cater to user needs, rather than hype and so-called “partnerships”.
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It's so sad when you speak to investors, market makers, researchers etc. and they basically just say, "Good luck with @cosmos." In their minds, the fact that Cosmos has the best tech is overshadowed by its toxic community that doesn’t support each other, along with a cartel.
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My thoughts on the debate going on in the @pylon_protocol TG. Looking forward to hearing constructive thoughts.
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USDT will not survive a regulatory crackdown.USDC will not survive a regulatory crackdown.DAI will not survive a regulatory crackdown.
MIM will not survive the bear market.UST will not survive the bear market.ALUSD will not survive the bear market.FRAX will not survive the bear market.DOLA will not survive the bear market. Not without organic demand. Nothing has come close to Dai/USDC/USDT network effects yet.
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Tradingview charts coming soon so you can track the $pLUNA / $UST breakout😉. $PRISM $UST $LUNA
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I think I'm pilled on inscriptions and Any ideas for a fun and innovative way to use inscriptions to airdrop or reward $ATOM holders who are supporting @Pryzm_Zone?. Has to be something that isn't possible without inscriptions.
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Liquid Governance will revolutionize the Interchain by enabling people to monetize their votes and prevent the formation of cartels or monopolies by validators with conflicting interests. Users can remain liquid while keeping and monetizing their votes. Validators can.
Governance is broken: Liquid Governance by Pryzm is here to fix it & give you boosted voting power. A liquid marketplace is coming for voting on your favorite interchain L1s. Imagine having 2x, 5x, or 10x voting power with pATOM and cATOM compared to your ATOM holdings!. What.
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Is there a better stablecoin than $aUST? 🤔 . Look at that graph!. Current price is 1.129 $UST. $LUNA
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Things making me bullish before the imminent @Pryzm_Zone launch. 1️⃣ Alliance Module Impact: Capital efficiency soars with the Alliance Module, allowing liquidity providers to earn staking yield, swap fees, chain revenue, and block rewards on 100% of their notional.
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This was fun to participate in! Give @ReveloIntel a follow if you want access to free research. Their record speaks for itself. Thanks @ReveloIntel for hosting.
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And. Decentralized $LUNA / $UST spot trading on a limit order book. never using a CEX again.
Decentralized $LUNA / $UST perp trading on @InjectiveLabs with up to 10x leverage and you can easily bridge over your $UST or $LUNA over via IBC. Which @terra_money assets shall they add next?
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Brutal markets. In @prism_protocol we have seen:. ⭐️ $PRISM outperforming .⭐️ Significant volumes through on the DEX due to the arbing of the $LUNA derivatives .⭐️ $xPRISM APR up to 185%.⭐️ Some people destroy their AMPS, increasing yields for everyone else. Stay safe out there
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The @Neutron_org launch reveals an intriguing trend: a higher usage of $ATOM for purchasing $NTRN compared to bridged $USDC. Does this indicate a prevailing preference within the Cosmos community to use $ATOM as the preferred currency for purchases over bridged $USDC?
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$UST holding its peg better than any other stablecoin in this volatility has been fun to watch. I think #LUNAtics owe @jumptrading a big high five✋ for their proposal after the May crash. $LUNA
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There is only one other #appchain besides @HyperliquidX that I know of that has no VCs, no KOLs, no Private Sales, and no fluffing of the Angel Cartel. It's not the easy path, but I strongly believe it's the right one. If you don't see @Pryzm_Zone in the timeline of your.
✔️ Zero VCs .✔️ Zero Paid KOLs .✔️ Zero Private Sales .✔️ Zero Angels. 100% Community Token Distribution - congratulations to everyone participating! 47 days left. #PryzmStakeDrop #PryzmPhotons.
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Optimistic Execution allows for lightning-fast block times for Cosmos SDK based chains. In internal testing for @Pryzm_Zone and [redacted], we achieved an average of ~0.4s block times. Few people realize the power of the Cosmos stack and what will happen as more chains upgrade.
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The lower $PRISM price goes the more $PRISM gets bought back for $xPRISM stakers!. More $LUNA in the PRISM Vault and higher $LUNA price means more yield for $xPRISM holders. Achieving 5mm $LUNA in the vault is just the first stepping stone!.
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I think @mirror_protocol should be its own uncensorable appchain. The opportunity to take exposure to real-world assets on-chain is too big to let die in the ashes of Terra. Liquidity should be orderbook based.
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Yield tokenization on @Pryzm_Zone unleashes opportunities! DM If you'd like to build a protocol, and airdrop to $PRYZM holders😉 . Explore possibilities like: .▪️ Implementing a fixed-to-floating vault strategy. ▪️ Utilizing future yield as a payment method for one-offs and.
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The transformative power of blockchain lies in its ability to tokenize assets. In hindsight, the ability to tokenize yield will be seen as an obvious and essential feature. Tokenize everything. Power to the people.
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⬜️ Testing of @astroport_fi LP token refracting.⬜️ Testing of $pLUNA proxy-governance powers over all the $LUNA in the vault. Get ready for pAMPS! .⬜️ Designing an optimised AMM capable of facilitating trading of assets with maturities .⬜️ Refracting of gov tokens. ⬇️.
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Alfaaaaaa.
@abzybrah @stablekwon @terra_money ok fine. @prism_protocol next month 🗓️.@MrRefractor is a refracting shipoooooor.
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Using $aUST as collateral on eth protocols could be huge for visibility of a 20% compounding stablecoin and for $LUNA 🔥 . Liquidity could be provided natively on eth so users can just buy $aUST on Curve or Uniswap and deposit to @MakerDAO, @MIM_Spell or @AlchemixFi etc. .
Hey guys, I recently published a proposal on MakerDao to allow aUST as collateral. Ultimately, this will allow users to leverage their aUST position, effectively leveraging their 20% APY yield on UST. Would appreciate some discussion:.$UST $aUST $LUNA $MKR.
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@AgilePatryk @L1ghtningCrypto @dopeboyshanee @staderlabs @terra_money @prism_protocol @Levana_protocol @astroport_fi Exactly. yLUNA + pLUNA = cLUNA. cLUNA can be thought about like bLUNA. if yLUNA + pLUNA > LUNA then user can take $100, buy LUNA, mint yLUNA + pLUNA and sell them both for >$100. This arb is great for $LUNA as it takes it out of circulating supply and it is staked by PRISM.
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The variety of exciting and unique things that can be created with @Pryzm_Zone is going to surprise people.
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The fun thing about the @Pryzm_Zone #StakeDrop lies in its ability to filter users who are prepared to do basic yield calculations and who are paying attention. Why would you earn a 10% staking yield when you can earn 12%, 15%, 20%, etc.?. These individuals are the Interchain’s.
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easy to answer. Best use case for $USDC is swapping it to $UST. centralised stablecoin -> decentralised stablecoin ✅. We don't need to educate policy makers on decentralised stablecoins. $LUNA.
Crypto Twitter, I need your help. We need to educate policy makers on how broadly stablecoins are growing. We are seeing so much interesting activity. But you are the users, share below the non-trading use-cases you have seen for USDC. Thanks!
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Why don't they do wrapped $aUST. Would be the perfect asset as a 20% compounding erc20 token and mean there is a finally a liquidity pool for $aUST which is a the best stablecoin!.
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It blows my mind, that there are this many people who actively choose to delegate to the Pryzm and set up wallets on the Pryzm’s blockchain. We want to be one of, if not the first, Cosmos Blockchain to launch with no private investors and just a dedicated community and team.
StakeDrop Update 🥩🪂. We are thrilled by the incredible support of ~81,000 delegators to the @Pryzm_Zone validators for $OSMO, $ATOM, $LUNA. Every week, airdrops are earned by Delegators in proportion to their delegated amount. You can join the journey as well. We think the.
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When you develop an appchain with the Cosmos SDK, you quickly recognize @osmosiszone is the true Hub of The Interchain. @sunnya97 and the Osmosis team have been incredibly helpful over the past few years, and we received support from the Osmosis Grants Programme. A big shoutout.
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@phtevenstrong @Pryzm_Zone - L1 appchain dedicated to yield with Yield AMM, DCA, Yield Tokenisation, Gradual Auctions, Liquid Staking, and more. Pre-launch phase currently running an early user campaign. Token launch in January.
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Partnerships:. ⬜️ Fields of Mars strategies with @mars_protocol .⬜️ Clusters of $PRISM assets with @nebula_protocol .⬜️ POMM with @EdgeProtocol, allowing more $PRISM assets into the genesis pool and requesting $pLUNA gets a collateral factor 😉.⬜️ Opportunities on EVM chains 👀.
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$aUST is $LUNA's superpower!. #LUNAtics have the opportunity to take control, provide liquidity on other chains and drive awareness. Why would you ever hold any stablecoin that doesn't auto-compound at 20%? . There is nothing close to $aUST.
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When @Prism_Protocol launches the interchain will have:. 1. Best-in-class LSDs.2. Yield Tokenisation.3. LSD indexes - LSD yield + swap fees + block rewards + incentives.4. First-of-a-kind trading tools for @cosmos, such as PulseTrade (TWAP/DCA) and FlowTrade (flow streaming).
A few LSDFi Subcategories:. 1. Lending markets (Silo, Aave) .2. Stablecoins (Lybra & Raft).3. LSDs indexes (index coop).4. Yield tokenization (Pendle).5. Infrastructure (Eigenlayer)
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Crowd Funding > Private Funding. We're immensely thankful for our #StakeDrop members. StakeDrop is a bold experiment, aimed at truly democratizing network ownership. After all, what's the point of DeFi if a sizeable portion, say 20-40% of token supply, ends up solely in the hands.
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great thread by @TheMoonMidas. if you're interested in doing any of these suggestions for @prism_protocol then happy to collaborate.
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What happens to the price of a stock when the earnings 5x and its on on Price/Earnings ratio of ~20. ?. ⬆️🚀.
A byproduct of this operation is that a lot of swap fees will accrue, which we expect will result in $LUNA staking returns (minus airdrops) to 5 x.
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Cosmos zones need native stablecoins. IBC could explode once we get unbridged USDC on @cosmos . Any other collateral backed stablecoins that will give USDC competition?.
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Does anyone know of a @telegram or @discord bot that gives you price alerts on @terra_money assets?. e.g. $bLUNA below 97% of $LUNA price?.or.$ANC over $3.5. Anyone who could help build?. @prism_protocol @coinhall_org.
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Should #LUNAtics seed some liquidity pools? 🤔. Should it get bridged to $SOL?. @wormholecrypto.
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There is no free lunch and “Investing risk cannot be created or destroyed. It can only be transformed from one form of risk to another.”. Changing AMM curves transfers risk from traders to liquidity providers and vice versa.
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Wouldn't a much simpler version of this be if users could just buy wrapped $aUST in liquidity pools on @ethereum and deposit that into @MIM_Spell ? . You could do 100% rather than the 85%:15% ratio!. $LUNA $UST $SPELL $MIM. @danielesesta .
🧙🏼♂️!. The Degenbox $UST strategy is nearly here!🔮. Have a read on how it will work in our latest medium article 👇🏻. Turn on Twitter Notifications because it is coming SOON™️!👀🔥.
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$xPRISM is earning ~43%. This is 100% from protocol revenue. 43% yield off $xPRISM mkt cap of $26.4mm gives annualized protocol revenue of $11.35mm. See @tokenterminal image of comparable revs. This is before.1⃣PRISM Farm.2⃣Limit orders.3⃣More assets.4⃣[REFRACTED]. $LUNA $PRISM
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Or the final option is that $LUNA moves significantly higher. If we assume the market is happy with the current yield of 3.3% then $LUNA price would need to move substantially higher to revert back to this yield with the increased staking rewards. Yield ⬇️ = Price ⬆️. 🚀🚀🚀.
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Funding building by running a validator & earning commissions in exchange for an #airdrop means anyone can participate in private funding rounds previously only accessible to elite VCs. It's the ultimate decentralised free market.
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Thank you @LunaBulls for this amazing $PRISM bull. 🙏. I love it and we can't wait to share @prism_protocol with everyone. $LUNA $UST $PRISM
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The DeFi hub the interchain needs is coming:. 🔓 Unlock your future yield.🌐 LSDs with governance powers.💹 Fixed or variable yields.🔄 Slippage-free auctions.⏳ Time-weighted trades & DCA.🔒 Secure the chain with LP tokens for high LSD yield, swap fees, & PoS rewards.
🌟 Exciting News! 🌟. 🚀 The PRYZM chain public testnet is launching on December 5th, 2023! 🚀. Get ready to unlock your future yield with PRYZM! 🔓🌾. Keep an eye out for important upcoming transmissions!
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Atomic settlement reduces failure risk, but also creates liquidity and complexity issues. Asynchronous trade and settlement could be a better solution, as it could unlock capital efficiency and flexibility. We'll be sharing something exciting on this soon.
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Imagine when users on @AlchemixFi realise that by swapping from $yDAI to wrapped $aUST their loans get paid back 3x faster!. Could $aUST be the base asset in liquidity pools, for example @mirror_protocol?. What else. ?.
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What does this mean for other protocols:. @anchor_protocol .Reserves could increase as $bLUNA yield should be much higher. @prism_protocol .$yLUNA will have more value and $pLUNA will have higher liquidation-free leverage. $xPRISM will generate more fees!.
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