Kash (by Intellabridge) will combine Terra's UST, Anchor and $MIR (Mirror) to launch an easy to use application for payments, investments, savings and remittance. Raising demand for UST and reducing $LUNA supply. They just released a sneak peak of their (pre-paid) credit card design today.
That's instant remittance without fees or foreign currency exchange, 10-18% APY on your balance, multiple payment options and acces to the stock market in 1 user-friendly (normie-friendly) app.
Projects like these will cause ripples in the world of finance and current services can't compete. Adaptation to DeFi is going to be inevitable.
We are still super bullish on $ATOM in short to mid term. The rollercoaster ride might be intensive but fundamentals of the project can not be ignored anymore. Gravity bridge is around the corner.
I have also decided to slowly keep increasing black swan event hedgin position --> $PAXG, which is Gold asset backed token, always represents same value as Gold
Thanks for anyone who is following us in this journey
I have decided to add $MIR , i truly like what they are trying to achieve and that's to allow anyone in the world to trade stocks, financial instruments without any limits, without KYC.
Tokenised real world assets on blockchain are future and i think $MIR is in good position to acrue value from this movement.
I see it as one of true $DeFi gems.
Concentration builds wealth, diversification preserves wealth. If you diversify with no money, you are simply preserving nothing.
Although we fully stick to this methodology and fully believe into our investment thesis into $$ATOM, we have decided to do some micro diversification into few quality projects and potencial high risk/ high return bets. These include: $MIR $REN $INJ $TVK $BLZ