Discover and read the best of Twitter Threads about #lunatics

Most recents (24)

1/ The Alliance Docs just got an upgrade! 🀝

New Additions:

βœ”οΈ Revamped overview w/ Alliance use cases
βœ”οΈ Improved docs layout
βœ”οΈ Infographics
βœ”οΈ Detailed "How it Works" section

Details in 🧡
2/ Alliance is an open-source Cosmos SDK module that leverages interchain staking to form economic alliances among blockchains.

If we think of blockchains as digital nation-states, Alliance enables the implementation of more sophisticated and promising monetary policy.
3/ Here's how it works:

1️⃣ Two chains integrate the Alliance module and decide through governance which assets can be staked on their chain. These are known as Alliance assets.
Read 12 tweets
2022 was the victim of many major #crypto crashes, but three of them stood out the most.

#LUNA\#LUNC | #FTX | #CelticFC

Here's a thread! πŸ§΅πŸ‘‡
2- Let's start off with the infamous #TerraClassic, which saw its token at the time, $LUNA (now known as $LUNC) crash from $86 to under $0.01 in just 48 hours which caused $LUNA holders to lose a total of $60 Billion.
3- What happened? Well, over $2 Billion #TerraUSD $UST was unstaked from #AnchorProtocol and many millions of dollars swiftly became liquidated.

#TerraClassic still exists to this day and their community of #LUNAtics still believe in its future, but do you?
Read 7 tweets
Terra Weekly #24 ❄️

β€’ A holiday mint, token gating, automated jobs & much more in the πŸ§΅πŸ‘‡πŸ»

β€’ Join the discord to discuss

#Terra #Cosmos
2. @warp_protocol held a space with @Panterra0x & @vladjdk

β€’ Warp is built not only for protocol devs to automate job execution but for everyday users

β€’ Users (no coding experience) will be able to use templates to create on-chain jobs (DCA, limit orders, Arbitrage)
3. TFL updates Station’s staking page

β€’ Shows a clearer display of validator information

β€’ Randomized the order in which validators are listed
Read 17 tweets
1/ On November 24th, 2022, based on the Genesis $LUNA airdrop schedules the community voted on in May, vesting $LUNA will begin to vest at 6am UTC βŒ›

A quick πŸ§΅πŸ‘‡
2/ Due to the fact that all airdropped $LUNA on a vesting schedule was staked at Terra’s Genesis, it must be undelegated for 21 days to become liquid πŸ—“οΈ
3/ For a step-by-step guide on how to undelegate $LUNA, visit the Terra Docs πŸ‘‡…
Read 11 tweets
1/ This last week, @stablekwon presented an alternative to the The Terra Expedition Program, outlining a proposal that aims to position Terra at the center of the interchain.

A summary 🧡 of his thoughts πŸ‘‡
2/ The Terra Expedition Program has 4 issues:

1️⃣ Inorganic developer incentives are short-lived
2️⃣ Nothing-at-stake committees are poor capital allocators
3️⃣ The proposed spending efficiency is too low
4️⃣ Devs need a compelling reason to build on Terra
3/ 1️⃣ Inorganic developer incentives are short-lived

Historically, liquidity incentives across chains have led to non-sticky usership and liquidity. When the incentives dry up, so do the users and liquidity. Therefore, these type of incentives provide only a temporary boost.
Read 19 tweets
1/ Happy airdrop day, #LUNAtics! πŸͺ‚

The $LUNA airdrop claim interface is now live for all eligible users ⚑
2/ Eligibility is covered in the corresponding Agora post. Take a look and see if this applies to you πŸ‘‡…
3/ For eligible users, the most up-to-date information on the claim process can be found on Medium πŸ‘‡…

If you know the deal, go straight to the claim interface πŸ‘‰
Read 3 tweets
Terra Weekly #8 πŸ›°

πŸ”ΉNew Luna Airdrop, Splitting LP tokens

And much more in πŸ§΅πŸ‘‡
#Luna #TerraLuna #Cosmos @stablekwon Image
2. Many #Lunatics will now receive correct $LUNA airdrop πŸ™πŸ»

πŸ”ΉProp 986 just passed overwhelmingly in favor

πŸ”ΉKey Issues resolved: Spectrum, Stader and Pylon & inclusion of Orion's on Ethereum & Polygon

πŸ”ΉFollow the steps πŸ‘‡πŸ» and claim airdrop
3. Deconstruct LP tokens with @ZodiacProtocol

πŸ”ΉSplit LP tokens into Yield Only & Principal Only tokens

πŸ‘‰πŸ»Principal Tokens: let investors acquire LP tokens at discount &hold until maturity

πŸ‘‰πŸ»Yield Tokens let investors get a return from trading fees with no Impermanent Loss Image
Read 18 tweets
1/ #LUNAtics, your votes are in and the Terra Phoenix Airdrop proposal has passed βœ…

With the passing, 19,504,909 $LUNA will be requested from the Community Pool to execute an airdrop to wallets that did not receive the correct amount at Genesis.

2/ In short, that means the $LUNA airdrop πŸͺ‚ is on, and your team at TFL will work to launch the claim interface by September 4th.
3/ Now that the proposal has passed, you can find everything you need to know about claiming, including screenshots, in this Medium article πŸ‘‡…
Read 4 tweets
Even in a bear market, there's many ways to research and trade on Terra πŸ“Š

@astroport_fi DEX
@terraswap_io DEX
@PhoenixFinan DEX

@tfm_com DEX Aggregator + Pro-trading Dashboard
@coinhall_org Analytics + (unreleased DEX Aggregator)

Brief 🧡 about these projects πŸ‘‡
The largest Decentralised Exchange is @astroport_fi with currently $15.7M TVL πŸŒ–

The native token is $ASTRO which some believe is currently undervalued πŸš€

Read @lurkaroundfind's Astroport article for more πŸ§‘β€πŸ’»…
The second DEX by TVL is @terraswap_io with currently $397K locked in LP pools πŸŒ–

As a decentralised exchange, there are a number of unverified tokens 🚫

TerraSwap are the OG DEX of Terra and for a long time were the only DEX on the previous chain 🀯
Read 6 tweets
To all the crypto family out there, prepare for total chaos. Sudden death will be new talk of the town this fall, early 2023. Energy prices will reach unimaginable levels in coming months as inflation heats up and central banks throw all their cards just to realize they can’t…
control it. Food will get scarce, biblical famines will hit 3rd world countries, spilling over to western world. EU energy rationing policies will cause wave of deaths this winter. CBDCs will roll out globally following China example. Universal basic income ( UBI ) …
Social credit score, food rationing with monthly allowance to buy essentials will be new norm and marketed as only fitted solution to global chaos. Every industry will experience bankruptcies shocks globally. Travel will become unaffordable to average middle class family…
Read 11 tweets
1/ Eli5DeFi is a collaborative effort to educate people about #DeFi, #Cryptocurrency and #Blockchain with infographics and visual guides.

Our #Notion page is a one-stop place for curated DeFi information and resources
2/ To find our unrolled #infographics🧡, you can check our @typefully page below:
3/ Our first #visualguide is about @CurveFinance Primer, including @ConvexFinance and #CurveWars narration. Check the🧡for more details!

$CRV $veCRV $CVX $crvCVX
#Curve #Convex #DeFi #YieldFarming

Read 16 tweets
We noticed something shady going on and once again we are going to call it out.

Based on our analysis, we have reasons to believe @staderlabs is not acting in good faith again. They were previously called out for showing "fake"/higher returns back in Terra Classic.

@staderlabs 2/15
This morning we got kicked out of the active set by a new validator (North Star) and we tweet about it here -

Long story short, @staderlabs redelegated 121k $LUNA to North Star pushing them into the active set.
@staderlabs 3/15
It sounds perfectly fine until you look closer at the details. The delegation to North Star is way oversized and not balanced/spread out evenly with the other validators that has an average of 33k. This screenshot was taken in the morning, it looks even more ridiculous now.
Read 16 tweets
Publishing screenshots of chat with Antithesis, @FatManTerra UST group admin. They lure people in a 10year lawsuit to milk them, will rug pull at some point. Kicked me out over disagreement with that. Antithes lost 300k, needs to recoup losses. Be careful #LUNA #LUNAtics #fatman ImageImage

1/ @FatManTerra lured desperate UST smallholders from Agora forum into his UST restitution group. There was a lot of debate over the course of action, yet FatMan does not listen to any reason. He began with a dirty PR campaign against Do Kwon and TLF, threatening …
2/ … with legal action, which even they admit will take up to 10 years and has only 20-25% chance of success. Now, as the perspectives of the legal action became much less attractive, he’s has set up a Terra 2.0 validator (see screenshot) to attract Luna delegators from his …
Read 12 tweets
Holy! I just discovered another crazy thing happening with the some of the active validators.

I started by looking at the validators charging 20% commission which is pretty high considering that most charges 5-10%.

Something then caught my attention...

Thread 🧡 Image
Both Flipside and Angel Protocol have legitimate reasons to charge higher commissions (bounties and charities).

I have written about KingSuper and Autism Staking -

Now let's focus on Luna Whale, Lunatic Validator and Long Live Luna.
All 3 validators have almost identical setup/configurations:
- No logo
- Generic Luna related names
- 20% commission
- Max commission change rate of 20%
- No website/social media presence/email contact

I started to suspect that someone might be exploiting the system... ImageImageImage
Read 13 tweets
The $LUNA crash was particularly hard on #LUNAtics because many had most of their net worth on #Terra

It was also felt across the #Cosmos because $UST was a base pair on Osmosis, Sifchain & Crescent pools

A quick primer on Modern Portfolio Theory in that context 🧡
That thread was actually inspired by that honest & candid post by @larry0x, which I then saw echoed by many other smart people in the Terra community
@larry0x Modern portfolio theory (MPT) is a theory on how investors can construct portfolios to maximise expected return based on a given level of market risk

It involves several useful concepts which I'll do my best to explain here without using the underlying mathematical model
Read 13 tweets
1/10 #LUNAtics, I would like to bring these 2 validators (KingSuper and Autism Staking) to your attention as they have increased their commission significantly.

Thread 🧡
2/10 KingSuper had 0% commission and attracted lots of people to redelegate to them. A few days ago, they decided to increase their commission from 0% to 10% without informing the community/their delegators.
3/10 I made this conclusion because I could not find any chat/social media platform on their website. Happy to correct if proven wrong.

Using larry's computation/assumption:
9,850,000 * $6.44 * 0.12 * 0.1 / 12 = $63,434 a month

Read 10 tweets
1) Let me explain what @FatManTerra is really doing. When there is a former top 10 project with a lot of influence and following that irritates other top projects in the space and seems miles ahead in terms of attracting developers and talent.
2) When it seems to suddenly all collapse in on itself and bring the rest of the space down in a big tumble, what do you want to do? Do you want to support its developers and try to help it recover? Or do you want to kill it for good so it's out of the picture?
3) Right now Terra users lost a lot of money. A boatload even. Many people are blaming @stablekwon singlehandedly for their losses when he is just one person in a large community of builders. These same people also worshipped him pre-depeg in an almost cult-like fashion.
Read 28 tweets
Bang or Bust? πŸ€”

A short thread (5 tweets) of the surprising #LUNA performance since listing πŸ‘‡πŸ‘‡πŸ‘‡
1/ The much anticipated #LUNA 2.0 airdrop took place this weekend & damn was it interesting 🀯🀯 #LUNC remains the the old version of LUNA and performed well over the weekend pumping more than 50% Image
2/ #LUNAtics in the community have been somewhat negative & unsupportive of LUNA and the fork. Some have remained faithful and believed that the fork and airdrop would hopefully make them whole again after the bloody crash... Image
Read 7 tweets
1/ Block 1 of the brand new Terra blockchain (with a chain_id of β€œPhoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022!

Congratulations to the #LUNAtic community on this expeditious feat of collaboration πŸŽ‰
2/ Those who were eligible for the $LUNA airdrop can view their wallet balances on the new chain by selecting the β€œPhoenix-1” network in their Terra Station browser extension.
3/ Users can do multiple things with their liquid $LUNA, including staking it on Terra Station to their preferred validator(s) to earn rewards & participate in governance decisions, using it on dApps upon launch, or trading it on an exchange.
Read 10 tweets
1/ Yesterday, we said Terra 2.0 is coming. Tomorrow, it arrives.

The community has been working around the clock to coordinate the new chain’s launch. Subject to potential change, we expect Terra to go live on May 28th, 2022 at around 06:00 AM UTC.
2/ To reach this point so quickly speaks volumes about our incredible community of users, validators, developers, and exchange partners 🌎

We’d like to thank each and every one of you for making this possible 🀝
3/ Ahead of Genesis, here are the most important things to know πŸ‘‡
Read 18 tweets
It started with Terra $LUNA πŸ”₯

But instead of πŸš€πŸŒ–, I flew too close to the sun and came crashing back down to 🌍

At the end of 2021 with my portfolio the highest it had ever been, I got cocky, I showed my mum my number and she urged me to "take some out"...
But why would I do that? $LUNA to 1000 was not a meme. We were just getting started...

This episode has been a valuable learning experience πŸ€”

Obviously I have regrets. But without going through this death spiral, I wouldn't have fully appreciated...
1. The necessity of sensible risk management: don't put all my eggs in one basket.

2. Taking profits into cash money in a traditional bank account.

Even if I sold at the 2021 ATH, even if I had withdrawn to my bank, I know I would have gone back into $LUNA when it dipped 50%
Read 6 tweets
1/ Recently, bad actors have been capitalizing on Terra-related events by purchasing $LUNA & posting fake proposals on Station with phishing sites quoted in the link. These proposals claim to lead users to a preview of Terra 2.0 & dApps launched by us - which is not the case.
2/ In addition, we have also seen a rapid increase in spam proposals as the discount on $LUNA made it economically cheap to post anything one desired.
3/ To prevent scams/spam & protect users, props will be added to an allowlist (visible after clicking on β€œGovernance” on Station) at this point while we try to find a more sustainable solution in preventing these types of props from being posted on Terra’s Governance platform.
Read 9 tweets
Hi #Lunatics I've had a chance to digest the @TerraBuildersU proposal and OG Holders/users aren't getting a fair shake. Somewhat of an olive branch that whale Anchor wallets aren't being included, but not including $UST in LP positions is pretty terrible.
Also no transparency from any of the Builders on how they plan to airdrop/snapshot holders of Terra Alt tokens. @Cephii1 proposal to capture overall TVL would be much more accurate way to judge users actual economic share of network pre-attack.
At this point I'm really looking at the current proposal as more of an ICO. If you still have any UST or Luna on chain you will get some V2 that will be liquid, but to capture anywhere close to your prior share you will need to put in new funds.
Read 5 tweets
Last week, $60 billion dollars of marketcap was wiped out in crypto.

This is the story of one man's stablecoin, that mutated into a monstrosity that collapsed the entire ecosystem and caused a massive downturn in crypto with it.

This is the story of @stablekwon and the Terra
@stablekwon 1/ So what really happened?

I'm guessing most of you still don't really know.

Yeah, you got a soundbite you repeat so you don't sound dumb, but cmon.
@stablekwon 2/ While the collapse blindsided most people, some did see it coming

While the #LUNAtics were having a big old party, some saw the giant lie at the heart of the Terra

a few weirdos and outsiders saw it early on and tried to warn everyone

We'll meet them later @freddieraynolds
Read 47 tweets

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