Do Kwon Is Backing UST With Bitcoin – And Here’s What Else He Is Building - Ep.335

Описание: Do Kwon is the CEO of Terraform Labs and a director at Luna Foundation Guard. On Unchained, he explains why LFG is spearheading a plan to partially back Terra’s $15 billion stablecoin UST with Bitcoin. He also dives into another project idea that would transform developer salaries into financial assets that, as far as I can tell, he has not yet spoken about publicly.

Part 1: Everything you need to know about Terra, UST, and BTC.
how Terra works and why Do thinks UST will soon be the third-largest stablecoin
● why Do and LFG decided to back UST with bitcoin
● why Do thinks LUNA’s price will continue to appreciate despite UST’s new dependence on bitcoin
● how UST might perform if the price of a bitcoin were to crash
● why diversifying UST with different types of collateral could help Terra politically
● how LFG plans to use bridges, smart contracts, and an AMM reserve pool to secure its bitcoin
● why Do thinks Terra is now a Layer 2 project for Bitcoin
● who is deciding to purchase bitcoin and who determines what other assets to purchase as collateral for UST
● how a bitcoin reserve pool would help UST not de-peg from the dollar
● whether Do thinks Anchor’s 19%+ yield is sustainable and why Anchor is moving to other chains

Part 2: Do, the self-described “toymaker” of DeFi.
● why Do is fascinated with creating a fungible labor market
● how developer working hours could become a token traded on an AMM and used to take out loans
● why Do thinks developer salaries in crypto should be cyclical
● how on-chain identity and history will be similar to credit scores
● why Do is a personal fan of Thorchain – but is reticent to use it as a bridge for LFG
● why Do is interested in Prism Protocol
● what Do thinks the impact of a pro-crypto president will have on South Korea

Unchained announcement
https://lawandcrime.com/uncahined-pod...

Book events
Keep up on all the latest events here!
https://www.laurashin.com/book/#tour-...

Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unconf...
Beefy Finance: https://beefy.finance
Cross River Bank: https://crossriver.com/crypto

Upcoming Book Events
Wednesday, March 30: I’ll be speaking (remotely) with Six Senses about The Cryptopians at 2 pm ET. Be sure to save your spot soon – space is limited!

Tuesday, April 5: I will be doing a reading and signing hosted by the City of Miami Beach and Future Perfect Ventures at Sky Yard from 6-8 pm. Jalak Jobanputra, CEO of Future Perfect Ventures will be interviewing me. You need to RSVP by April 1 to [email protected].

Saturday, April 9: I will be on a panel at the Annapolis Book Festival at 11 am.

Tuesday, April 12: I will be at StartupGrind’s global event in Redwood City, which is focused this year on Web3 (time → TBD).

May 4-7: I will be in conversation with author Jimmy Soni at the PBS Seattle Crosscut Festival, which takes place from May 4-7.

May 23-25: I will be at the Oslo Freedom Forum which takes place from May 23 to 25. Details on these events are TBD.

Episode Links

Do Kwon
  / stablekwon  
Previous Unchained appearance:    • Why Terraform Labs Cofounder Do Kwon Is Un...  

Terra
Twitter:   / terra_money  
Luna Foundation Guard: https://lfg.org/team/

LFG Purchases
Pomp – the $10B Bitcoin Bet on Stablecoins
https://pomp.substack.com/p/the-10-bi...
3/10 BTC purchase
  / 1503680315969060864  
$1 BTC billion purchase
  / 1496162889085902856  
TFL x LFG relationship
  / 1502225674840555523  

Terraform Labs proposal to make Terra inter-chain
https://agora.terra.money/t/ust-goes-...
Anchor Going Cross Chain to Avalanche
  / 1504309092411920387  
Jump’s BTC reserve proposal
  / 1506736478449127425  

Recent worries about Anchor APY being sustainable
Do said Anchor yield shouldn't be sustainable (marketing scheme)
  / 1503154137420079107  
Arca + Polychain proposal:   / 1502024302526304262  

South Korea’s new President
https://asia.nikkei.com/Spotlight/Cry...

SEC subpoena
https://www.coindesk.com/policy/2021/...