What is your HOP‼️
Hop protocol Already snapshot
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https://app.hop.exchange/#/airdrop/preview
*min volume bridge is $1000.
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Hop protocol Already snapshot
Check your adress here🎊
https://app.hop.exchange/#/airdrop/preview
*min volume bridge is $1000.
For more information here https://hop.mirror.xyz/AI5fOUR0X_l0mktShDOx3mwr-hsB24gp8GvTWtS-MBc
#OpenSea Discord Hacked: Users Warned NOT to Click on Any Links After YouTube Scam | CoinMarketCap
OpenSea's Discord channel has been hacked - with the NFT marketplace warning users to avoid clicking on any links.
"You are able to get this mint pass below for 100% free. There will only be 100 of these however, once they are gone they won't be coming back and you will have to purchase off the OpenSea marketplace. Congratulations to those who get one."A suspicious link was then included that directed unsuspecting Discord users to a website for the "YouTube Genesis Mint Pass.".
"A webhook in our Discord was briefly compromised. We caught it immediately but please know: we are not doing any April Fools stealth mints / airdrops etc. Other Discords are also being attacked right now."
OpenSea's Discord channel has been hacked - with the NFT marketplace warning users to avoid clicking on any links.
"You are able to get this mint pass below for 100% free. There will only be 100 of these however, once they are gone they won't be coming back and you will have to purchase off the OpenSea marketplace. Congratulations to those who get one."A suspicious link was then included that directed unsuspecting Discord users to a website for the "YouTube Genesis Mint Pass.".
"A webhook in our Discord was briefly compromised. We caught it immediately but please know: we are not doing any April Fools stealth mints / airdrops etc. Other Discords are also being attacked right now."
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LUNA supply increased hard during last days: https://terra.smartstake.io/UST
Terra has announced plans to burn $1.4 billion $UST and stake 240 million $LUNA.
LUNA and UST explained
Terra is the layer 1 blockchain like Ethereum or Bitcoin blockchain.
Terra blockchain has two token:
1. LUNA (the native token of Terra blockchain)
2. UST (the stable coin on Terra blockchain)
UST is a stable coin and the price is pegged to $1.
To mint $1 UST the algorithm will burn $1 Worth equivalent LUNA. This means that if UST demand increases the supply of LUNA keeps reducing. There is 20% APY for UST (which is very good for a stable coin) and this keeps pushing the demand for UST.
There is one problem with this algorithm that you can redeem UST for LUNA that means you can burn $1 UST to mint $1 worth LUNA.
When UST start losing its value from $1, users panicking and redeemed it for LUNA and this create huge supply in LUNA coins and more coins are sold on market. This is domino effect and create more panic with price dump.
The team is also minting to support the UST price but unable to make it stable and dumping LUNA on market.
The team is trying to stable the price of UST. Stay away from LUNA and UST for the moment until the pegging is done.
Also we may see delisting of LUNA from major exchanges because of the price drop.
We may see this thing happen again for other stable coin.
Terra is the layer 1 blockchain like Ethereum or Bitcoin blockchain.
Terra blockchain has two token:
1. LUNA (the native token of Terra blockchain)
2. UST (the stable coin on Terra blockchain)
UST is a stable coin and the price is pegged to $1.
To mint $1 UST the algorithm will burn $1 Worth equivalent LUNA. This means that if UST demand increases the supply of LUNA keeps reducing. There is 20% APY for UST (which is very good for a stable coin) and this keeps pushing the demand for UST.
There is one problem with this algorithm that you can redeem UST for LUNA that means you can burn $1 UST to mint $1 worth LUNA.
When UST start losing its value from $1, users panicking and redeemed it for LUNA and this create huge supply in LUNA coins and more coins are sold on market. This is domino effect and create more panic with price dump.
The team is also minting to support the UST price but unable to make it stable and dumping LUNA on market.
The team is trying to stable the price of UST. Stay away from LUNA and UST for the moment until the pegging is done.
Also we may see delisting of LUNA from major exchanges because of the price drop.
We may see this thing happen again for other stable coin.