Fil21

@LeonardoLUNC Thank you Leonardo ! Answer very clear as usually 👍.

Liquidity does not come from “artificially minting USTR.” USTR is minted through defined USTC conversion mechanics, not printed out of thin air to seed markets. USTR is created to process USTC debt. Once in circulation, USTR trades like any other token. Your main point: “If CMM burns USTR, it must first buy it. Where does that USTR come from?” From the market. Buybacks don’t require everyone to sell at $1+. Markets always have sellers: • Early converters taking profit • Arbitrage traders • Liquidity providers • Speculators rotating capital • Traders managing risk Price discovery happens because not everyone waits for the same number. If nobody sells, the price rises until someone does. Also important: Buybacks don’t require buying the entire supply at once. They are typically: • Gradual • Yield-funded • Programmatic • Dependent on available revenue The goal isn’t “burn everything instantly.” It’s a steady structural buy pressure over time. When the CR ratio is above 190%, and UST1 is minted, part of that 190% is used to buy and burn USTR from the market. Regarding DEX/CEX liquidity: Liquidity is provided by: • Market makers • LPs incentivised by yield/spreads • Traders seeking arbitrage opportunities No protocol survives by “minting fake liquidity.” Real liquidity forms when there’s volume, incentives, and spreads to capture. 😃

With my investor head on 😎 $USTC vs #USTR, which is best? Answer: USTR. USTC processes debt by BURNING USTC USTR processes debt by LOCKING USTC Two different mechanisms. Same objective: debt reduction + supply control. One reduces the circulating supply permanently One removes it from the market and redirects value. I’m all in on USTR. But I care deeply about USTC because it's locked in the CMM Once the 100-day window closes: • No more USTR minting • True price discovery begins • Supply is fixed • Buyback and Burns start 🔥 What “Buyback & Burn” actually means: 1. CMM earns yield 2. The yield market buys USTR 3. USTR is permanently destroyed 4. Supply decreases 5. Remaining holders own a larger % of the supply Over time: • USTR supply ↓ • Scarcity ↑ • Structural price pressure ↑ In parallel: - #UST1 is created and #UST1 auctions start - Yield-bearing assets are acquired - Those assets are bridged to LUNC from BSC via #CL8Y Bridge - CMM engine starts This isn’t theory, it’s mechanics, it's mathematics Funded by CL8Y holders and Ceramic working without a salary. That alone should tell you a few things 😀 ust1cmm.com github.com/PlasticDigits/… x.com/LeonardoLUNC/s…

@LeonardoLUNC Message 1/2 Hello Leonardo, I have a question regarding the USTR liquidity 🙂. The logic is to burn USTR to push up the price. But to burn USTR, CMM needs to buy USTR. Where will you find these USTR, I assume that most of the persons will wait the 1$+ before to sell.

@LeonardoLUNC @nuenghandsome @Lunc_DnC @PinkUnicorn80_ @ClassicNodes Is the Ceramic success for USTR/UST1 only based on 1 Key people (Plastic Digits) ? What will happen if this person leaves for other challenge or personal choice ?

Some context 😀 The USTC Vampire Repeg of Value isn’t a ChatGPT word salad designed to say nice things, coupled with a Dapp and zero transparency, all designed to take your money and vanish. Ceramic is a long-time open-source blockchain developer. github.com/PlasticDigits?… ~ 2.5 years ago, Ceramic started exploring a USTC repeg between freelance jobs ~ 1.5 years ago, plan shared publicly → rejected ~ 1 year ago, Fully redesigned as 100% L2 ~ 6 months ago, Portal/Wormhole exited LUNC. → Instead of quitting, Ceramic builds a bridge Today, the USTC Vampire Repeg of Value is underway with the second phase, 'registration', now begun. ust1cmm.com Same story with CL8Y: called a Ponzi at launch, March 1 2025, at $0.001 with. No presales. No insider allocations. No gatekeeping, it just launched. Today, ~$3.3M MCAP means that if you bought $1 of CL8Y at launch, it's now worth $1,171. Scams don’t take years to build or ship infrastructure, and are definitely not fully open-source/transparent. Thanks, @nuenghandsome, for pulling all the information together 😎

🧱🔥 Explainer Mega Thread for $USTR and #UST1 from Ceramic Fingers Today Terra Classic has a huge historical problem called $USTC debt. There are 6 billions of USTC in the market, and everyone knows it cannot go back to 1 dollar by magic, by small burning, or by waiting. There is simply not enough money to collaterize it. Most “repeg” ideas in the past failed because: ❌ They tried to fix the old system directly ❌ They had no real collateral ❌ They relied on printing or hope Ceramic chooses a different path. Instead of trying to “repair” the broken system, they build a new financial system and use $USTC as raw material to move value into that new system on the same #TerraClassic blockchain! This is not a price trick. This is a monetary reconstruction project that will revive Terra Classic! 🔥🚀 #LUNC #USTC #USTR #UST1 #Ceramic #LuncCommunity #LunaClassic

@LeonardoLUNC @cryyptikALPHA @nuenghandsome @Lunc_DnC @PinkUnicorn80_ @ClassicNodes I still have this question in my mind : When the USTR price cotation will start ? Indeed it will finally reveal the moment where we can judge the real USTR force and price evolution (grow up, I hope 😅) to convince new investors.

@cryyptikALPHA @nuenghandsome @Lunc_DnC @PinkUnicorn80_ @ClassicNodes No, that's the CMM start. DEXs and CEXs will follow; nothing has been locked down. 😀

@LeonardoLUNC @Knowhow222How @nuenghandsome @Thot_legacy @hexxagon_io I wanted to create my referral code (and pay the 10 USTR). But in the confirmation popup for contract that I must approve, I see this line : "amount": "10000000000000000000", Why the amount is not equal to 10 ? Here I have the feeling to agreed for several billion of USTR 😅

No, that's a personal choice. I would rather be a whale lost in an ocean than a big fish in a small pond. If I think with my wallet first and the ecosystem second, we wouldn't be having this conversation. 😃 I'm an investor just like you, knowing that if I can help Ceramic build this, there is a chance I could become a whale living in a big ocean. No right or wrong way, just do what's best for you 😎

Quick #TerraClassic update 👀🧱 @hexxagon_io just merged the PR from Ceramic’s team. Result 👇 🛰️ Galaxy Station now shows $USTR naturally 🔍 Finder also recognizes $USTR out of the box Big thanks to Echelon and everyone involved for the smooth merge 🤝 #USTC #USTR #LUNC #Ceramic #LunaClassic #Builders

@LeonardoLUNC @Knowhow222How @nuenghandsome @Thot_legacy @hexxagon_io Ok good to know. In really, it is better for all investors to create its own referral code to get 20% discount (10 + 10) and not use an existing one from somebody else (except to give a tips 😉).

@Dave21Fil @Knowhow222How @nuenghandsome @Thot_legacy @hexxagon_io Yes

@LeonardoLUNC @Knowhow222How @nuenghandsome @Thot_legacy @hexxagon_io One question about the referral code. If I create my own code, and use it to for me do a swap, will I get 10% as "The referrer" + again 10% as "The new user" (so here myself) ? So in total 20% discount 🤔 ?

Losing a couple of $k? Hmmm ask yourself.... Is this a rug? Ceramic isn’t an anonymous dev hiding in a basement with a Lambo dream. He’s a professional open-source blockchain developer, and his GitHub publicly confirms that's been his job now for several years. Are the economics solid? Yes. They’ve been published for ~1.5 years, reviewed by thousands, and no one has shown they’re unworkable. Can he build it? Ceramics' Github confirms he can Can the CMM securely hand millions? Ceramics' security first mentality confirms he can A question you may not have thought about is. Can you handle an asset like #USTR,? this is what I mean x.com/i/status/19361… Your money. Your choice. Just know that we arent going anywhere and if you decide to invest be sure to use a referral code. Oh and make sure you do not to over stretch yourself Bouna fortuna on your Crypto journey 😀

@0xVladymyr Personally my target will depend how USTR price is moving : - If price is growing step by step ==> I wait the USTR 1$, and sell. - If price has too high volatility ==> I will sell by step before 1$. - If staking earns is good and UST1 adoption increases ==> I will partially hold

#USTR is popping up again in conversations and for good reason. Now it's not just a ticker from the past, but a point where expectations, unresolved issues, and a rare chance to rethink the entire Terra story converge. Free exchange, the transition to new stablecoins, the logic of the 100-day countdown it all sounds like the beginning of a new chapter, but the market is still silent… too calm. And here's the key point. #USTR isn't just a bet on price, but on trust and patience. Some are waiting for a quick $1 and then the exit. Others see it as a tool for the long game-staking, cash flow, the gradual restoration of the ecosystem. Two approaches. One asset. What's interesting is something else: how do you feel about this? Is $USTR a short-term trade for you or a rare opportunity to enter before the market "gets it all figured out" again? Let's be honest. I want to hear different perspectives it's from discussions like these that true confidence is born. #USTR #Terra #CryptoDiscussion

@LeonardoLUNC Ok clear. Use your referral code will be a way for me to give you a tips for all the efforts that you did (and team) 👍 Question : is the owner of the referral code can see the public wallet address of users ? Or is it well anonymous ?

@Dave21Fil Someone has created a referral code called 'discount' you can check. I just did, someone has registered that word. My code is 'leonardolunc' If you want to create a code you can. The golden rule is if you swap be sure to use a referral code 😀

@LeonardoLUNC @Ahmed39562863 @QasimSaleemQur1 Still in my logic to increase my LUNC's understanding 🙂, is it possible to have team’s organizational chart ? (who is the decider, how many developers, are there any third-party development assistants...). And addionnally how retribution/salary is working to paid developers ? 😀

@Dave21Fil @Ahmed39562863 @QasimSaleemQur1 No, Ceramic is building a $multi million ecosystem, and that takes time. CMM first, then DEXs, then CEXs. This isn't your normal token listings launch..... the pump and dump treadmill. The CMM starts shortly after the 100-day window finishes 😃

@LeonardoLUNC @Ahmed39562863 @QasimSaleemQur1 Hello, Could you refresh mind if the USTR's price cotation (via CEX/DEX ?) will be available in same time than the 100 days windows ? Indeed, I would imagine/hope/see, the price grow up daily which will attract new investors.

@Ahmed39562863 @QasimSaleemQur1 You could have missed lots depends on how long you were gone for 😀 Cermics' USTC Vampire Repeg of Value Summary of the plan x.com/LeonardoLUNC/s… Countdown ust1cmm.com The path to a repeg starts in just under 5 days 😎

@LeonardoLUNC @0xVladymyr @CeramicToken The pleasure is shared to exchange with you and the developers 😃. Thank you for your relationship !! I am positioned on USTC/USTR by “good feeling”, but for the 100 days window I want to accumulate by “strong conviction” that ceramic is the best solution and relevant technology.

You ask good questions, it’s genuinely a pleasure to engage 🙂 As I said, CZUSD (and now UST1) is a stablecoin designed to do a specific job. Survivability is the key metric. Yes, the CZUSD volume is small when viewed through a TradFi lens, but it’s not insignificant. A couple of years ago, when I first asked Ceramic to look at repegging USTC, it was because I believed there was a real opportunity for a symbiotic relationship between him and the LUNC community. Ceramic brings the tech and his expertise. LUNC community brings the home: a committed decentralised ecosystem where his skills can thrive. Fast forward to today, and the pieces are finally coming together: - A credible path to restoring USTC value via the USTC vampire repeg - CL8Y Bridge, enabling LUNC assets to bridge to other blockchains, a unique proposition for any sub-$10M project irrelevant of the blockchain they live on, appearing first on LUNC - LUNC’s own native stablecoin: UST1 This potentially just the start Exciting times ahead. 😀

@0xVladymyr @LeonardoLUNC @CeramicToken Yes, thank you for all the sharing 😀. "for showing the process before the crowd gets in" ==> this is my attention point, the daily exchange volume on CZUSD is only several hundreds dollars, so almost nothing, no adoption (yet ?). Hope UST1 will get a better adoption 😅.

That's why I appreciate threads like these. It's not hype, but an analysis of why the stablecoin works. $CZUSD here doesn't look like an experiment, but rather like a well-thought-out piece of infrastructure with a rationale for reserves and a clear role in the @CeramicToken ecosystem. It's funny how the market usually starts paying attention after these things are already implemented. Thanks for showing the process before the crowd gets in. #LUNC #USTR #UST1 #CL8Y

@LeonardoLUNC Thank you very much for the detailed explanation 👍. Do you know other Unstablecoin (so on other blockchains) currently deployed that I can refer to observe the price fluctuation, adoption and marketcap ?

Again, another fair comment, I can understand your perspective. For pure payments, accounting, or short-term conversions, a hard $1 peg feels more comfortable and is familiar. UST1 is designed so that: - $0.98 or $1.02 is not an emergency. This means small price moves are treated as normal market noise rather than a crisis. There’s no automatic reaction that forces the CMM to “fix” the price immediately. - No forced redemptions. Users are not guaranteed a $1 redemption on demand. So if price drifts slightly, there’s no rush to redeem before others do, which removes bank-run dynamics. - No death spiral. Because nothing is being force-minted or burned to defend $1, a small dip doesn’t trigger mechanics that make a dip worse. - No ‘defend the peg at all costs’ logic. There’s no rule saying “price must be $1 right now or else”. Instead, incentives (yield, demand, utility) gently pull price back toward $1 over time. UST failed because the system panicked when the price moved. UST1 is designed so the CMM keeps working even when the price isn’t perfect. Hope this answers your question 😃

@LeonardoLUNC Really clear 🙂. However personally as user of stablecoin, I am not sure that a floating 1$ is what I would choose. Is unstablecoin really a solution expected by future users ? When i convert on stablecoin, I like the 1$ peg, and not something flutuating. No 🤔 ?

Great question 👍 We use the term “unstablecoin” intentionally because UST1 does not promise a hard $1 peg like traditional stablecoins do. Forcing a $1 peg is what caused past failures. Instead, UST1 is designed to function economically, floating around $1 using incentives and yield via the CMM, rather than defending a peg at all costs. In short: 👉 Stablecoin = promises $1 👉 UST1 (unstablecoin) = promises to work UST1 is based on Ceramic, managing a stablecoin CZUSD for several years now and lessons from the past that saw the attack and collapse of UST 😀

@LVSNode @LeonardoLUNC @DanSD27 @Sibusisomabukh1 Ok, my understanding of mint/burn of LUNC was for giving an existence of USTC. Have USTC with a quotation price of 1$ (before crash), it was expected to have somewhere collateral (here done by LUNC by algorithm). Can I summarize that LUNC was a collateral of USTC in the past 🤔?

@Dave21Fil @LeonardoLUNC @DanSD27 @Sibusisomabukh1 Your concept in the first message was flawed, so this statement is incorrect. USTC had no backing as an algorithmic stablecoin, it worked off of mint and burn principles. From the outset UST1 will have collateral…USTC, UST1 will be used to purchase yield bearing tokens

@LeonardoLUNC @DanSD27 @Sibusisomabukh1 Message part 2/2 : Today, UST1, the homemade stablecoin, will be (for the beginning), backed only with USTC homemade token. Are we not reproducing the same bad story?

@DanSD27 @Sibusisomabukh1 If USTC is burnt because the TFL case wraps up that would be excellent. UST1 availability starts when the UST1 auctions begin so after the 100 day window finishes Yes 😁 staking is the option I would recommend