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We should consider looking back at the #UST collapse. I watched it go down first hand and have a list of 3 wallets that were buying and immediately selling at a loss perpetually to intentionally run charts down. Would love to have proof of what I witnessed.
A thread ๐งต...
A thread ๐งต...
The primary contributors came from just 3 wallets:
Wallet 1: terra1yl8l5dzz4jhnzzh6jxq6pdezd2z4qgmgrdt82k (0x8d47f08ebc5554504742f547eb721a43d4947d0a)
Wallet 1: terra1yl8l5dzz4jhnzzh6jxq6pdezd2z4qgmgrdt82k (0x8d47f08ebc5554504742f547eb721a43d4947d0a)
Wallet 2:
terra195wtjmpjxhp336mclqfsyk2plvs8mw3lhsc5nc (0x4b5e60cb1cd6c5e67af5e6cf63229d1614bb781c)
terra195wtjmpjxhp336mclqfsyk2plvs8mw3lhsc5nc (0x4b5e60cb1cd6c5e67af5e6cf63229d1614bb781c)
1/
Many of you are aware of the current problems with #LUNC out of gas failing transactions. Good news first: A solution is in the works! But I want to explain to those who are interested what I researched and what @edk208 was so kind to confirm to me that they suspect similar โฆ
Many of you are aware of the current problems with #LUNC out of gas failing transactions. Good news first: A solution is in the works! But I want to explain to those who are interested what I researched and what @edk208 was so kind to confirm to me that they suspect similar โฆ
2/
When you make transactions of #LUNC or #USTC to the chain via #TerraStation (and by other means), first there is a simulated transaction done to get the estimated "Gas" that will be consumed by the transaction. The Station then takes this estimation, adds a bit of safety โฆ
When you make transactions of #LUNC or #USTC to the chain via #TerraStation (and by other means), first there is a simulated transaction done to get the estimated "Gas" that will be consumed by the transaction. The Station then takes this estimation, adds a bit of safety โฆ
3/
โฆ amount to it and then sends the actual transaction.
What now happened is, that the code that calculates the actual tax on-chain, writes the tax spent to a storage for statistics. This can be queried per block, so it is a permanent and increasing storage. Putting anything โฆ
โฆ amount to it and then sends the actual transaction.
What now happened is, that the code that calculates the actual tax on-chain, writes the tax spent to a storage for statistics. This can be queried per block, so it is a permanent and increasing storage. Putting anything โฆ
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/FADโฆ
So nothing to really worry about.
#LUNCcommunity #LUNCPenguins
See this tx: finder.terra.money/classic/tx/FADโฆ
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 ๐
ืคืขื, ืืคื ื ืฉืฉืืง ืืงืจืืคืื ืืชืจืกืง ืืืคืจ, ืืืืชื ืืื ืืืคื ื ืืืชืื ืขื Stablecoins.
ืืืื ืื ื ืืชืืืื ืืืืืืจ ืืืชื ืืชืืื ื, ืืืคืขื:
ืฆื ืืืจื - ืืื ืืืืื ื ืืื ืืืืช ืฉืืืื ืขื (ืืืง) ืืืืืืงืฆ'ืืื ืื?
ืืืื ื ืฆื ืืื ืืขืื #ืงืจืืคืื_ืืืืื
ืืืื ืื ื ืืชืืืื ืืืืืืจ ืืืชื ืืชืืื ื, ืืืคืขื:
ืฆื ืืืจื - ืืื ืืืืื ื ืืื ืืืืช ืฉืืืื ืขื (ืืืง) ืืืืืืงืฆ'ืืื ืื?
ืืืื ื ืฆื ืืื ืืขืื #ืงืจืืคืื_ืืืืื
ืืชืืื, ืงืืื ืฉืืง ืืงืจืืคืื ืืฉืืจื ืืขื ืืื ืช: OFAC - Office of Foreign Assets Control, ืืจืฉืืช ืฉืืืจืืืช ืืื ืืฉืืจ ืขื ื ืืืื ืืกื ืงืฆืืืช ืืืจื"ื, ืืืืืขื ืขื ืฉืืจื ืืจืืื ืฉื ืืชืืืืช ืืช'ืจืืื ืฉื ืืืืื ืืขืชื ืืจืฉืืืช ืืกื ืงืฆืืืช ืฉื ืืจื"ื. 
ืื ืื ืขื ืืื ืฉื ืื ืืื: OFAC ืื ืืืจ'ื ืจืฆืื ืืื ืืืื. OFAC ืืื ืืืืฃ ืฉืืืจืื ืืืขื ืืจื"ื ืื ืื ืืืืืฆืื ืืคืืขื ืกื ืงืฆืืืช ื ืื ืืืฉืื ืืขืื ืกืืืื ืืืื, ืืืืืืื ืืื ืืฉืืจ: ืืจืืจืืกืืื ืืื ืืืืืืื, ืกืืืจื ืกืืื ืืจืืืืื ืืืืืืื ืืคืื ื ืกืืช/ืืคืืืืืืช ืฉื ืืืื ืืช ืืขืืื ืืช ืืืจื"ื.
