Terra UST is dead.
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Loop recently introduced aUST pools in their Dex, the first in the Terra community. Let's look at why aUST pools are essential and their potential.
- What is aUST?
- What are the use cases?
- Why aUST pools are essential?
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What the hell is aUST?
Have you seen the recent CPI inflation data? As no surprise, it is 30 years high due to papa Powells excessive money printing. A $100 bill from 1913 is worth around $5 right now. Yay! That's how severe inflation is.
UST is pegged to US dollars. That means UST have this same "inflationary property" of US dollars. Not only UST, all US dollar-pegged stable coins in "inflationary".Hold plain UST in your Terra wallet is eating away your purchasing power.