DISCLAIMER: This is an opinion piece and in no way represents the opinion of the publication. Nothing in this article should be construed as financial advice. I am heavily invested in $LUNA, $UST, and the Terra ecosystem.
Source: Visual CapitalistFrom the table we can see that there is $95 trillion in broad money supply (M2). But why would people swap their fiat for $UST? They need reasons.
Let's refer to that chart above again and look at the derivatives market.
$1 quadrillion.
Imagine if we could have derivatives on Terra to supercharge terra stablecoin demand. Well you don't have to imagine anymore because there are already a number of protocols launching soon!
Perpetual Futures
Ariel Money 🌕 @ArielProtocolIntroducing @ArielProtocol !! 🚀🚀We see a future where Defi matures as a tool for everyone to use in their everyday lives. Having Perpetual instruments is critical to facilitate this kind of global adoptionDecember 24th 2021
24 Retweets96 LikesOptions Trading
Sigma Protocol @sig_finance1/n First came @mirror_protocol 🪞, a kick ass innovation that brought minting and trading of synthetics on the @terra_money blockchain 🌕. It allowed for easy access to price exposure; however, our degen hunger for advanced financial products in DeFi grew. A cute introductory 🧵September 15th 2021
131 Retweets512 Likes
$WSO_Official @WSO_OptionsThe World Series of Options p.1
link.medium.com/dxSPLlYjWlb
$WSO $LUNA $UST #options #DeFi #cryptocurrecy
#ThereWillBeOptions
The World Series of Options p.1This article is the first of many in this series to introduce an exciting new project launching on the Terra network in 2022!link.medium.comDecember 12th 2021
11 Retweets16 LikesBesides derivatives, there's also the forex market. $6.6 trillion daily turnover. Yup, it's coming to Terra too:
Vertex Protocol @vertex_protocolThe Forex markets are the largest financial market in the world, facilitating over $6 trillion in daily volume.
Despite this, there isn’t a decentralised money market to support the adoption of DeFi and currencies beyond the U.S Dollar.
Introducing @vertex_protocol
A 🧵December 22nd 2021
159 Retweets433 LikesIf derivatives and the FX market are not for you, worry not. Here’s a thread that I wrote on how you’ll be able to use $UST in the real-world.
ian 🌕 @eeyernleeWe are only at the dawn of the @terra_money ecosystem.
$UST adoption is inevitable, so here's how you can (or will be able to) utilize $UST in the real-world 🧵👇
$LUNA $USTDecember 22nd 2021
88 Retweets372 LikesThus ends my little thesis/rant on why we’re still early for $LUNA. NFA.
No better way to end this but with the words of Do:
Do Kwon 🌕 @stablekwonNext target: 100,000,000,000 $UST
The 🌕 deserves no lessDecember 22nd 2021
1,065 Retweets5,571 LikesFollow Me
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