Wednesday, April 19, 2023

Kujira: what's missing?

Okay, we talked about Terra and the 4 pillars.

Let's talk about @TeamKujira and the 4 pillars.

And the same @mirror_protocol-problem, but different.

This is going to be a very much shorter thread because @TeamKujira is 🔥: @TeamKujira doesn't need my help.

Nor does Terra 2.0, for that matter. 

Last I checked, I'm a minnow, swimming in their oceans.

But here it is, my free, unsolicited, help.

Or, actually: pensées.

Now, @TeamKujira is missing a @mirror_protocol-pillar, but in a different way.

Why? They're launching Ghost soon, 



...but does that solve 'The Problem'?

No.

But first, we have to define what 'The Problem' is.

The Problem

So, what's the problem? Because Ghost solves the money market problem, ... kinda, and gives us x-assets on assets we already have, great!

The problem is this:

Whither $BTC and $ETH?



Other blockchains with WAY higher volume-rankings have $BTC and $ETH

@Avax @FantomFDN @arbitrum @optimismFND @Cardano 

Other protocols have synthetic MINTS of $BTC and $ETH



@lyrafinance @Indigo_protocol 

@TeamKujira has neither $BTC nor $ETH NOR their synths, volume-wise.

Ghost is handling the minting assets.

Ghost is not handling $BTC, and, let's be honest, Ghost is NOT handling $ETH, because NOBODY mints $USK with $ETH. Who wants to lose $ETH on a price-swing or on a depeg? 

Be honest.

Opportunity

So, problem? ... or opportunity?

This is a simple fix:

Dear @Indigo_protocol,

Please launch on @TeamKujira blockchain. They have a desperate need for $BTC and $ETH synths. You have $BTC and $ETH synths.

They have a decentralized stable coin, $USK, and a protocol token, $KUJI.

Does @TeamKujira need anything, ANYTHING AT ALL, to rocket to success?

No. The rocket has already launched, frenz: enjoy the ride.

Does @TeamKujira have a big ol' gaping $BTC and $ETH hole?

Yes.

@Indigo_protocol: please consider launching on @TeamKujira; it's win-win.


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