ULTRA - backed by *

@Composite_Money the stables that meme together dream together ❤️

@ultrastablejuno stablecoin fam 🫂

ultrastablecoin

@papa4enko MakerDAO relies on USDC exposure because the preexisting stability mechanisms are not efficient enough to maintain a peg by themselves. This is why they would have to move to a floating peg in order to decrease USDC exposure.

@ultrastablejuno centralised is one thing, but peanuts with low IQ know the mechanism is not broken, it has never broken. Again, centralised part due to USDC exposure is another thing.

$ULTRA is the only Cosmøs stablecoin not based on the broken and centralized mechanisms of MakerDAO.

@A_liang88 👆Foreshadowing for when Cosmos finds out about Ultra’s collateral ratios

@ultrastablejuno i read a sea of semen haha

in a drought of distinction must a legend not rise from an unfathomable depth to glean the grandeur of an extraordinary height / ? /

.- -. / .- .-.. - . .-. -. .- - .. ...- . / -- . ... ... .- --. . / .- .-- .- .. - ... / .-.. .. -.- . / .- / -.-. --- -- .--. .- ... ... / - --- / - .... . / .- -. ... .-- . .-. ... / - .... .- - / -.-- --- ..- / ... . . -.- /

ZERO. PERCENT. INTEREST. #NotYourGrandmasStablecoin

Ultra is a @CosmWasm stablecoin protocol developed on @JunoNetwork by an independent collective of Cosmos contributors

Algorithmic deathspirals. Bureaucratic handholding. Centralized insolvency. That. Ends. Now. $ULTRA