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Wall Street ChadsWall Street Chadsby0x051e6559b9bC9Df0a46C09cE1b738186C52e3E7Famitpandey.eth

Buy Luna, best opportunity ever

Voting ended almost 4 years agoSucceeded

What is the proposal - I am proposing to buy LUNA for 0.1 ETH worth and hold it till the dollar peg is stabilized and it makes 5 - 10x.

Background - LUNA was a top 5 L1 protocol and its stable coin got attacked by exploiting the gap they had in their algorithmic stable coin. This got drop in the price of LUNA as well as algorithm tried to balance the peg and the panic sell followed. But LUNA is a good project, just that it was exploited.

Next Steps - Buy LUNA for 0.1 ETH and hold it till we 5 - 10x or if LUNA stabilizes then sky is the limit.

Downside - there is always a risk that 0.1 ETH can go to 0 and we loose all. But i think its a risk worth taking if UST peg is stabilized then with time this 0.1 ETH can easily do multifold return

Off-Chain Vote

For
19 WSC6.6%
Against
268 WSC92.7%
Abstain
2 WSC0.7%
Download mobile app to vote

Timeline

May 12, 2022Proposal created
May 12, 2022Proposal vote started
May 26, 2022Proposal vote ended
May 21, 2025Proposal updated