
Cesar Devia
58 posts


@LeonardoLUNC To build, you have to do it in the chain. I don't like how you specifically talk about the dead chain. I already removed my USTCs from your shitty dex!
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@TheMoonHailey terra1akaz5s2ctjk3u679rc07qr89k0g5pmxxwjjjqe
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#LUNC POST MORTEM v3.6.1
For this upgrade I decided to publish a "post mortem" document to explain the critical issues that were fixed with this update.
As you are well aware we cannot publish these beforehand to not invide attackers to exploit the issues that could lead to a chain halt or other problems.
github.com/classic-terra/…
Cheers.
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#USTC Preregister numbers
Note that Ceramics' Vampire Repeg is already positively impacting USTC: All swaps incur chain tax, which contributes to burns and funds the Community Pool (CP) and Oracle Pool (OP).
Before the pump, well, actually not even a blip...
... around 30 million USTC was committed, of which 15 million was then withdrawn; all transactions are subject to on-chain fees.
Those who made a profit then ate crumbs off a table.
The only plan for USTC is Ceramics' Vampire Repeg of VALUE, your chance to participate at ground zero and have an opportunity to feast, not eat a crumb.
We're not building for fun, or as someone said, building for clicks🤡, we're building because we can make USTR $1+ a reality 😎
Finally, @CesarDevia33782, as you respond to all my posts with the same thing, I'll save you some time. 😀



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@RobertAvdic @pabloabritos @Dave21Fil The ONLY way to convert is through the dapp
x.com/i/status/19860…
If you can connect your wallet then great, if not ceramic is working on a couple of alternatives, hoping to confirm in the next couple of days 🤞 a cex only option 🙂
Leonardo@LeonardoLUNC
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A question I answered that was worth sharing with everybody. I will only post the answer as it's a long question 😀
You’re absolutely right that a token created “from nothing” has typically zero value. The key point with #USTR is that its value does not come from the token itself, but from what is locked behind it and what rights it represents.
USTR is only minted when #USTC is voluntarily locked. That locked USTC cannot be sold, traded, or reused. In other words, USTR is not a free-floating supply; it is a receipt token representing a claim on locked assets and future mechanisms. This is fundamentally different from just creating a random token.
USTR’s minimum value floor comes from:
- Locked USTC backing
- The conversion logic (USTC → USTR → UST1)
- The controlled supply and restricted minting
- The fact that USTR is required to access the repeg pathway
So while USTR itself is minted, nothing is created for free; value is transferred from liquid USTC into a locked, structured system with defined rules, the CMM.
On supply:
Yes, USTR is only minted in proportion to the USTC that is locked. No lock, no mint. There is no unlimited or discretionary minting. Think of it less like a “new token” and more like a bond or receipt that represents participation in the repeg system. Its value exists because the system enforces scarcity, backing, and utility, not because we say it does.
It’s completely fine to take your time and only invest what you’re comfortable with. Understanding the mechanics first is the right approach 😎
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@matzu0310 Ahh, if you were able to convert and you can no longer see the conversion, give me the Tx hash, and I'll review with Ceramic, it could be a visual bug 😀
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@Dave21Fil @RobertAvdic @pabloabritos Ceramic decides to start. Then, CMM participants, through governance, will determine the split.😀
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Everything is relative; there's no need to overstretch. Contribute what you can with the peace of mind knowing that we will not let you down. Nothing is going to stop us 😃
Not enough support to implement Ceramics' plan at an L1, we switched to L2 and carried on.
Portal/WormHole dumping LUNC, Ceramic creates a bridge we carry on.
This is Ceramic's github page, better than a CV. You can't bullshit this body of work github.com/PlasticDigits
He's a professional, literally a professional, who has been a freelance open source developer now for several years. Your investment is in safe hands 😎
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Cesar Devia retweetet

How do you repeg 1 percent? When it crashes how many billions of dollars do you have to stop it? DK has $60m and it wasn't nearly enough....how much do you have to stop an attack and depeg? And when it crashes and we know it well.... Will you assume legal responsibility for destroying the value of lunc and causing a second devastating crash?
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People slept on #CL8Y at $0.001.
Now it’s up 113,470% and it’s still early.
$100 at launch = $113,000+ today 💰
You don’t see this kind of move often, not even in bull markets.
Don’t be the one who finds out after $10+. 🚀
#CL8Y #CryptoTrends #AltcoinGems
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The details are in the whitepapers, but here’s the short answer to your questions:
Q. How do you repeg 1%?
1% of #USTC converts to #USTR, which can be staked or swapped for #UST1, a collateral-backed stablecoin when the CR (Collateral Ratio) allows.
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Q. When it crashes, how many billions do you have to stop it?
You don’t need billions.
The UST/LUNA collapse was a reflexive death spiral; it had no real backing.
A collateralised stablecoin is backed by real assets, so there’s no spiral, just standard collateral/liquidity risk.
(Think DAI in March 2020, ETH dropped 50%, peg held, system recovered.)
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Q. DK had $60M and it wasn’t enough?
Exactly. He used it mid-freefall instead of after a floor was found.
A reflexive system can’t be “defended” by capital once confidence breaks.
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Q. How much do you need to stop a depeg? And who’s legally responsible if it crashes?
There’s no single fund or person. Protection comes from structure, not reaction:
- Over-collateralisation zones
- Automated rebalancing
- Haircuts on volatile assets
- Circuit breakers + governance controls
The system will be fully decentralised, fully collateralised, and governance-controlled, designed to prevent a UST-style collapse altogether.
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Cesar Devia retweetet

New proposal is open to 🗳 validator.info/terra-classic/… important one guys.
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Cesar Devia retweetet
Cesar Devia retweetet

New listing alert! 🚨
You can now trade $1000LUNC on Aster Perpetual with up to 5x leverage.
Trade to earn 1.2x trading points from now until Dec 14, 23:59 UTC.
🔗 asterdex.com/en/futures/v1/…

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Cesar Devia retweetet

At #BinanceBlockchainWeek 2025 in Dubai, something subtle, but symbolic, caught my eyes. 👀🔥
On stage, CoinDesk reporter @IanAllison123 was moderating the stablecoin payment panel.
While wearing a Luna Classic shirt. 🔥
Small moment, big message. Supporters around the world are still here.
The Terra Classic community remains top-notch. 💛🌕
Sometimes the quiet signals say everything. 🚀
#LUNC #TerraClassic #BBW2025 #LuncCommunity

Binance@binance
Reece Merrick from @Ripple joins Christian Rau of @Mastercard and Nikola Plecas from @ton_blockchain for a thoughtful discussion on financial payment rails. The session is moderated by Ian Allison from @CoinDesk .
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Cesar Devia retweetet
Cesar Devia retweetet

Reece Merrick from @Ripple joins Christian Rau of @Mastercard and Nikola Plecas from @ton_blockchain for a thoughtful discussion on financial payment rails.
The session is moderated by Ian Allison from @CoinDesk .



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Cesar Devia retweetet

Classic Style! 😎
@IanAllison123 👀 is looking good wearing the #TerraLunaClassic #LUNC T-Shirt!
🔥🔥🔥
#Binance #CoinDesk #Crypto
(Not AI) see Binance post below 👀👇

Binance@binance
Reece Merrick from @Ripple joins Christian Rau of @Mastercard and Nikola Plecas from @ton_blockchain for a thoughtful discussion on financial payment rails. The session is moderated by Ian Allison from @CoinDesk .
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Cesar Devia retweetet

👀 ZOOM IN! ⚡️
Exciting times ahead! 🔥
#TerraClassic #LUNC #Binance #CoinDesk $LUNC #Crypto #Mastercard
💥

Binance@binance
Reece Merrick from @Ripple joins Christian Rau of @Mastercard and Nikola Plecas from @ton_blockchain for a thoughtful discussion on financial payment rails. The session is moderated by Ian Allison from @CoinDesk .
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Cesar Devia retweetet

@binance @Ripple @Mastercard @ton_blockchain @CoinDesk OG Luna shirt... What's the message here? Surely not the mythical Binance plan? @IanAllison123, care to enlighten us?

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