🔥$USTC to a New Stablecoin: A Path Toward to 1$ Recovery
💱 USTC → USTR → UST1 (Stablecoin)
Convert USTC to USTR then once USTR trades above $1, users can:
Swap USTR → UST1 inside the CMM
UST1 is fully collateralized and designed for a tight peg around:
$0.95 – $1.05
Early UST1 is not sold publicly. It is minted and used by the CMM to buy yield-bearing assets.
🧱 Why This System Is Different
• Entire mechanism runs on Layer 2
• Conversion is partial only participants convert
• USTR value grows as the CMM buys and burns supply
• When USTR rises above $1, a permanent $1 price floor is created
• UST1 is minted only when collateral is strong
This creates a slow, safe, collateral-based recovery model.
🧠 Who Built the Model?
The system is designed by Ceramic, creator of CZUSD, a stablecoin that:
• Has operated for 4+ years
• Survived attacks
This experience forms the backbone of UST1’s stability design.
🔄 Conversion Phase
• Before launch on December 29
1 USTC = 1 USTR
• On launch day December 29
1.5 USTC = 1 USTR
• After 100 days
2.5 USTC = 1 USTR
Participation remains optional
⚖️ Risk & Opportunity
This is experimental nothing guaranteed.
But potential benefits include:
• Best rates for early converters
• USTR appreciation as demand grows
• Gradual UST1 distribution based on collateral strength
High potential reward, but requires patience.
🌍 The Bigger Picture
If successful, Terra Classic gains:
• A fully collateralized stablecoin
• A stable economic engine
• Long-term USTC value recovery
• Renewed ecosystem utility
All built without relying on L1 validators and without repeating the algorithmic design failure.
🔗 Useful Links
Preregistration:
https://ustr.preregister.ust1cmm.com/
Leonardo (official updates):
https://x.com/LeonardoLUNC
Ceramic Telegram:
https://t.me/plasticann
