Terra (UST) & Sol Invictus head to the Moon
Terra (UST) bonds are coming to Sol Invictus. The moonlight shimmers in the night sky, and fills our unconquerable soul.
(◎,◎)
Out of the night that covers me, Black as the pit from pole to pole, I thank whatever gods may be For my unconquerable soul.
In the fell clutch of circumstance I have not winced nor cried aloud. Under the bludgeonings of chance My head is bloody, but unbowed.
Beyond this place of wrath and tears Looms but the Horror of the shade, And yet the menace of the years Finds and shall find me unafraid.
It matters not how strait the gate, How charged with punishments the scroll, I am the master of my fate,
I am the captain of my SOL.
(◎,◎)
Terra and Sol Invictus join forces on a new bond offering.
Invictus is pleased to offer UST bonds, with a new partnership between Invictus DAO and Terraform Labs. Terraform Labs is the creator of Luna (LUNA) and TerraUSD (UST), described as “Programmable Money For The Internet.” With this partnership, Invictus DAO can begin to move the treasury towards high quality stable assets, and away from centralized stable coins such as USDC and USDT. Furthermore, with the addition of high quality treasury assets such as UST, Invictus DAO can take in higher risk assets in its treasury and begin accumulating key parts of the Solana’s decentralized finance infrastructure.
When will the bond offering go live?
We are targeting the bond offering to be live in the next 24 hours. Updates will be given just prior to launch in our Discord channel!
How to purchase UST
The best way to purchase UST for the bond offering is to use Jupiter Aggregator. With Jupiter Aggregator, ensure you select the correct version of the wormhole UST, shown below, or use this link:
How to move your UST to Solana
Moving your UST to Solana is relatively simple using Wormhole. With wormhole, select the chain that you hold UST on, and simply use the token bridge between that chain and Solana to bring the UST across. Please make sure you are using Wormhole V2 when doing this. For a visual guide on how to do this:
More than just a bond offering.
Terra has proposed to bond 250,000 UST to show support for Invictus DAO. From their forum post:
Sol Invictus is the decentralized reserve currency built on Solana that aims to be more than just an Olympus fork. Invictus has done a great job putting their treasury to work, they have a market cap of $120m and treasury of $70m.
To date the Invictus treasury owns nearly $50m in USDC/USDT. Invictus, with support from Terra and Frax, plans to introduce UST, UST-IN LP, and FRAX bonds to slowly replace and overtake the USDC/USDT in their treasury. This creates another black hole for UST from which it will never be sold. To show support this proposal asks the Terra community pool to bond $250k in UST, and Frax Finance will be doing the same.
Total funds: 250k UST
Transparency plan: Follow up posts in the Agora thread when bond transaction is done and bi-weekly updates on UST in the Invictus treasury for two months.
We are always watching. (◎,◎) Spread this message far and wide for all to be seen (◎,◎).
Sol Invictus is the captain of my SOL. Sol Invictus brings me IN, helps me grow, and leads me towards where I must go. You have looked into our (◎,◎) and we have looked back at yours.
Follow us on Twitter: @invictusdao
Our discord: https://discord.gg/invictusdao
Terra: https://www.terra.money/
Jupiter Aggregator: https://jup.ag/
