I've found the answer to Seigniorage!

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2021.12.07 21:55 takkoyakii I've found the answer to Seigniorage!

I've read the Terra Whitepaper three times over the past few months and I still could not understand seigniorage until today. according to the whitepaper, seigniorage is defined as value of coin minted minus cost of production. In terra, the cost of producing a token is essentially zero, so it earns 100% the value of coin minted.
So what is the seigniorage for burning $1 worth of Luna to mint 1 UST ? Is it $1 worth of LUNA?
Yes it is!
Pay attention that it is actually $1 worth of LUNA, not 1 LUNA token. $1 worth of LUNA does not equal 1 LUNA token.
But how does the Terra protocol actually earned this $1 worth of LUNA if LUNA gets burned when UST is minted? Doesn't burning mean sending the LUNA to a burner address and it is never recoverable? Apparently, that definition of burning only applies to Ethereum at least, not Terra. Terra has a different mechanism or burning and minting token. Terra has a module for the minting/burning of its native tokens, aka LUNA or UST or the other stablecoins. This is a built in feature of Terra, right at the blockchain level, not in a smart contract,
Terra doesn’t use a burner address to burn LUNA. So basically, swaps are done all day long and the LUNA is burned, Terra keeps track of the burned LUNA and remints them at the end of each epoch. The reminted LUNA becomes the seigniorage that Terra earns. Prior to col-5, a portion of LUNA is reminted and send to the community pool. Now post col-5, no LUNA is reminted as all seigniorage is burnt!
As for the minting/burning mechanism of its native tokens built in the blockchain level, I didn't find much info about it. those who know feel free to share. Otherwise, I feel so satisfied to get over this mental block of mine. Ethereum's concept of burning was preventing me from understanding Luna's unique burning and minting mechanism.
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2021.12.07 21:55 mofoshizzle1 Gay erasure (Jess is my gf)

Gay erasure (Jess is my gf) submitted by mofoshizzle1 to SapphoAndHerFriend [link] [comments]


2021.12.07 21:55 LadySpookaria Wake up | Spooky Story by Lady Spookaria

Wake up | Spooky Story by Lady Spookaria submitted by LadySpookaria to CreepyPastas [link] [comments]


2021.12.07 21:55 consciousbeast 🐶 University

🐶 University submitted by consciousbeast to hoge [link] [comments]


2021.12.07 21:55 S33ker77 It's all about purity, Joe.

It's all about purity, Joe. submitted by S33ker77 to JoeRogan [link] [comments]


2021.12.07 21:55 Nachoo1209 SF2 Files

I'm thinking of buying the Producer's Edition of FLStudio, but I've heard that the native .sf2 loader hasn't been available since a long time, and that there are some problems when trying to load third-party loaders
I downloaded the Free Trial and have tried using Sforzando, which I already had from before, but once I load it, it immediately goes back to the SamplerTrack, and won't make any sound in the project
This is a huge problem, since I either use .sf2 files for my music, or straight up do those Xsong with Ysoundfont remixes
Is there a trustful way of either loading these files? Or at least converting them into another kind of bank that FLS actually lets you use?
I'm aware of the Soundfont Loader they are about to add in the newer version, but I planned to wait until later this month to see if there are any sales to make the decision, so I can't really wait much longer
submitted by Nachoo1209 to FL_Studio [link] [comments]


2021.12.07 21:55 sp00kybabie Has anyone else had withdrawals from ashwagandha?

I stopped taking ash a few days ago and have since been very depressed anxious, tense, nervous, foggy, etc. wondering if it could be from stopping the ashwagandha
submitted by sp00kybabie to ASHWAGANDHA [link] [comments]


2021.12.07 21:55 Accomplished-Unit946 That gg meet code is crying qwp

That gg meet code is crying qwp submitted by Accomplished-Unit946 to uwu [link] [comments]


2021.12.07 21:55 TheGame81677 I’m tired of Grubhub hiding orders

This has happened to me multiple times. I will get a decent order, only to find out it’s actually 2 orders. I got one tonight for 8 miles for $18.50. Look at it and see oh it’s actually two orders from the same place. They were pay orders too. Why the hell is GH hiding orders? It doesn’t show 2 orders on the offer, it’s basically a crapshoot at this point. This is just shady af!
submitted by TheGame81677 to grubhubdrivers [link] [comments]


2021.12.07 21:55 ItzGBby Hey I’m just getting started and I was going to take the exams for core 1/2 but I just saw that they may be discontinued in January should I wait till then and take the new ones or just take the current ones?

submitted by ItzGBby to CompTIA [link] [comments]


2021.12.07 21:55 gertinct 🐶 FlokiVengers 🐶| New Heroes NFT Token 💥 Marketplace & NFT Launch Incoming ✅ Doxxed Dev | BUSD Rewards | Join the Resistance! 🔥

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submitted by gertinct to AltcoinMooningStreet [link] [comments]


2021.12.07 21:55 justinonemillion I think I saw this on Cable in 1983.....

Hello,
I remember watching Night Flight around 1983 and there are two things I remember watching that I am pretty sure I did not imagine. One is a music video or a parody of a music video and the other is a cartoon. Can someone ID either of them?
Thanks in advance,
1) The image of the music video I remember the most is the ending. It ends with a guy-who happens to be in Hell-being put on a tree stump and being smashed by a wooden mallet by a guy I believe is Satan. He keeps getting shorter with each blow of the mallet. And the guy keeps singing while he's being squashed. I think it was a Rock song but I don't remember the title.
The rest of the video is kind of vague in my memory. I believe the guy goes to Hell directly from Heaven and that he walks up to Satan, is placed on the tree stump and doesn't seem at all surprised at what's going on around him. And I remember the guy being a clean cut looking blonde man. It's very possible I am mistaking a parody of a music video for a real video.
2) This was a cartoon that was only a couple minutes long. I think it only shows each person from the neck down and that the background is solid white.
A woman and her female friend go to a restaurant and order something not fattening. And during the conversation, she talks about how important it is to watch her figure. And then the cartoon switches perspectives to an outline of a woman in a bikini. ( Maybe she's talking about going to beach tomorrow. ) And the cartoon goes back and forth between the women at the restaurant and the outline of the bikini woman.
But a minute later in the cartoon, the woman who was lecturing everyone gets tempted by dessert orders some fattening food and the bikini outline bulges out complete with sound effects.
If you're thinking 'This guy doesn't remember these things very well." You're right. I saw them when I was about 4 years old. And that would have been 1983. It's possible it would have been 1987 but I don't think I first them later than that.
Does anyone else remember watching these? Can I find Night Flight episodes from 83 or 84 someplace on the internet?
Thank you,
justin
submitted by justinonemillion to CableTV_Memories [link] [comments]


2021.12.07 21:55 Socialtrainwreck2000 Inviting self over.

There’s this girl at school and I do like her but she keeps asking me “can I come to your house? It would be so fun!” And I don’t know how to say no. She asks me repeatedly and we aren’t great friends. We’re friends, but not best friends and I only really have my close friends over. I just feel like we will sit around the whole time and it will be super awkward. How can I politely say no?
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2021.12.07 21:55 whitron2016 The downfall of the fulfillment centers?

People aren't going to leave their phones in car, people will get fired increasing the already high turnover rate.
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2021.12.07 21:55 MrColeslaww Am I the only one?

Am I the only one? submitted by MrColeslaww to backpacks [link] [comments]


2021.12.07 21:55 Miserable-Stretch187 Is there any tennis game available in Oculus ?

I recently bought Oculus, I had reaserched a lot but couldn’t find any tennis game. Anyone playing tennis in oculus ?
submitted by Miserable-Stretch187 to oculus [link] [comments]


2021.12.07 21:55 Jacier_ Why does my cursor keep spazzing out when my tablet is connected?

For the life of me, I can’t figure out this issue. I’ve got an old 2013 Intuos Wacom tablet and every time I go to draw, after a few seconds, the cursor will spaz out and so I’ve got to constantly redo what would’ve been a fine line or such. It’s really annoying. I’ve updated my driver and restarted my PC. Not sure if it’s got to do with having a dual monitor setup as I never used to have these issues on my laptop
submitted by Jacier_ to wacom [link] [comments]


2021.12.07 21:55 The1NonlyTruth This is in response to a recent post claiming Brokers(in this case Fidelity) can liquidate stocks without your permission.

This is in response to a recent post claiming Brokers(in this case Fidelity) can liquidate stocks without your permission. submitted by The1NonlyTruth to amcstock [link] [comments]


2021.12.07 21:55 One-Zebra5656 No you can not use your 15% off online… listed right in the rules and stipulations…

Thanks
submitted by One-Zebra5656 to walmart [link] [comments]


2021.12.07 21:55 No-Guarantee-1483 Help simplifying 2 separate variables to make 1 combined one

def read_player1_choice(): choice_str = input("Enter choice for player 1: ") return choice_strdef read_player2_choice(): choice_str = input("Enter choice for player 2: ") return choice_strdef main(): p1_str = read_player1_choice() p2_str = read_player2_choice()# Call/invoke mainmain()




How can i change from read player1/2 choice to become read_player_choice(player_num_int)?
Ive been stuck on this.
submitted by No-Guarantee-1483 to learnpython [link] [comments]


2021.12.07 21:55 salorenz6 Magnesium citrate is the devil

Any helpful tips and tricks for nausea and dealing with this literal crap?
submitted by salorenz6 to hysterectomy [link] [comments]


2021.12.07 21:55 rustybathtub Direct Crypto Transfer

Is there a way to pay for a subscription through direct crypto transfer (Wallet to Wallet) without going through Coinbase?
Would love to have that option
submitted by rustybathtub to SynclerApp [link] [comments]


2021.12.07 21:55 Funcharacteristicaly For the first time after the accident took away his speech, my husband has been able to communicate again.

His first words were, “K-I-L-L M-E”
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2021.12.07 21:55 phai6688 Sweet duet in front of the rest of the cast! (12 Days of WoH Concert)

submitted by phai6688 to wordofhonor [link] [comments]


2021.12.07 21:55 DeliciousCabbage22 Lithuanians of this sub, to which of the following countries do you feel the closest culturally?

View Poll
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