The lockdrop for @astroport_fi is close. On December 6, phase 1 will start 🔒💧
I will cover strategies on my channel on Sunday. Until then, let´s check the basis on how to get $ASTRO and what to do 🧑🚀
Ultimate $ASTRO 🔒💧 summary incoming.
🧵👇 /n
1/ Let´s start with the dates and phases. The lockdrop will have two steps.
Phase 1 starts on Dec 6. You will be able to deposit TerraSwap LPs to gain $ASTRO.
Phase 2 starts on Dec 13. It will define the price of $ASTRO filling the ASTRO-UST pool.
After that, take off 🚀
2/ Phase 1: The Great Liquidity Movement 💧
The goal of phase one is to fill the pools of @astroport_fi during the 7 days.
To do that, you are invited to deposit your TerraSwap LPs. As a thank you, you will get $ASTRO immediately after the phase is closed 🧑🚀
2/ You can deposit different LPs (see below).
Different pools receive different $ASTRO allocations.
No panic if you are not decided yet. You can choose to LP in Terraswap after lockdrop starts (and before it ends) and then lock your Terraswap LP tokens 🔒
3/ The interface will support you with the transition of your LPs. Ultimately, there is no task for your right now if you are already LPing
Below, you find a leak of the Phase 1 interface to make yourself familiar with the page 👀👇
4/ Be aware! You need to decide how long your want to lock your LPs. The countdown starts at the end of phase 1 🗓️
There is of course an upside: Locking LP tokens for 52 weeks will give a 4x ASTRO reward boost compared to locking for only 2 weeks.
5/ You can add already now LP tokens in TerraStation using the "Add Token" button to see how many you have. Let me share with you some examples 👇
bLUNA/LUNA: terra1nuy34nwnsh53ygpc4xprlj263cztw7vc99leh2
LUNA/UST: terra17dkr9rnmtmu7x4azrpupukvur2crnptyfvsrvr
6/ Phase 2: The Great Price Discovery 🌌
After 7 days, phase 2 starts. Essentially, people are asked to fill the ASTRO-UST pool with one or both assets.
Based on the amount of both at the end, a price for $ASTRO is set.
7/ You can participate if you want. There is no need to add $ASTRO or $UST. Of course, there are incentives to do so. 10M $ASTRO will be distributed as an incentive to lock your LP for 3 months.
Of course, I have some Alpha for you: A leaked screenshot of the phase 2 interface👇
8/ During phase two you will see how the price of $ASTRO will move based on the amount of tokens deposited.
Let´s call it the "Great $ASTRO Games". Anybody wants to give already now a guess? If somebody hits it, I will give-away a @Levana_protocol 🥚
9/ So, time to use your $ASTRO. You should have it in Phase 2 either from Phase 1 or Phase 0.
Wait, Phase 0? Yes, there will be an airdrop to LUNA stakers and TerraSwap LP user on September 9 (Block #4451515) 🪂
25M $ASTRO will be distributed next to the 75M from Phase 1.
10/ "Ok, I am in. You said something about a lockup period for providing UST in Phase 2?"
Yes, it is three months after phase 2 finishes. Your $UST and $ASTRO deposits will unlock linearly over that time period.
11/ And that´s it Astronaut I have also a video ready if you would like to have it in a more spoken form.
On Sunday, I will cover all FAQs and will discuss potential risks and rewards for your LP tokens on
@YouTube
. Stay tuned :)
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