Discover and read the best of Twitter Threads about #LUNCcommunity

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For those interested in #Ziggy whitepapers, please see the quote tweet below.

I will go down both and explain each in as much simplified detail as possible. I can produce a litepaper based on reoccurring questions.

This thread will be for 1: Market Module - Demurrage.
1: Upgrading the Market Module - Demurrage

I have been requested by the L1 team to provide a paper on the Market module. This allows for swaps between $USTC and $LUNC.

Keep in mind that these are two separate pools, and they are labeled "Terra" and "Luna" respectively. Image
There is no "lunc" (ie, "ulunc") in the documentations; "uluna" is the denom used.

"Terra" makes up all fiat currencies that are "not Luna" - such as $UST, $KRT, $JPT, $EUT, $GBT, and more.

"Luna" makes up all other commodities. In #LUNC's case, this is just $LUNC. Image
Read 20 tweets
*The secret origins of #LUNCMERGE* 🤫

1/ I was shocked to wake up on this wondrous New Year

To see a blatantly false allegation by @ZaradarBH

@LUNCDAO did not "[come up with the idea]" of merging $lunc and $luna

This determined me to reveal the true originator ...
2/ First, what is "The Merge?"

It is the idea of somehow joining both #lunc (Luna Classic) and the newer #luna together

$luna 2.0 is not a "fork" of $lunc. It was a brand new chain, with entirely separate transaction history.

Next, why merge?
3/ Why merge?

Arguably, bringing chains together would make for an immediately robust ecosystem

More users - from $lunc
More d'apps and better tech - from $luna

Interchain Alliance and Feather 🪶protocol will make $luna the center of much ...
Read 10 tweets
Guys! Don't panic because of #USTC getting minted. It's the normal market swap mechanism. It was only "disabled" for #LUNC/stablecoin and not for e. g. USTC/MYTC.
See this tx: finder.terra.money/classic/tx/FAD…

So nothing to really worry about.
#LUNCcommunity #LUNCPenguins
The only (really) bad thing about his in my opinion is that there are no burn taxes on MsgSwap transactions 😆
Here is the current list of all coins with their total supply. Every of the "XXTC" coins could be swapped to #USTC and such mint new USTC to the supply. For example there are still 1M #MYTC after the recent swaps, worth around 200k USTC. Image
Read 4 tweets

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