#Community service recognitions
1 - Terra Engineer
2 - Stake.tax
3 - Start Terra
Changes in categories in eco map & terra.smartstake.io/projects:
- more NFT marketplaces get their own tags
- Spar gets its own tags for fund managers so you can see all Spar Fund managers
if any project is missing, please send a message here or DM on twitter or reach out to Smart Stake support @ t.me/SmartStake
#Lunatics - Given that Terra will have so many projects launching, this would be good time to note down few things on how you assess projects n not blindly fomo into every project
Tl;dr
- read intro articles/ama/watch podcast to understand what the project is about
🧵
2) - see if the project is solving a unique problem or doing something that you like
- asses the stage of the project. Is it just starting /has mvp/ when will it have MVP / is MVP a meaningful product
3- assess the tokenomics to ubderstand FDV, initial mcap, supply distribution, supply curve. Dont look at individual token price
- Don't fall for pylon pool Apr's in the initial few mins unless it's a fixed cap pool. Pylon pools r long term investments n you don't need blind fomo
1/8 - $UST & it's peg stability:
- Watch this intro video to understand how Terra stables work:
- Last 6 months have seen an explosive growth in Terra network, its product & stable coin adoption
2/8 - At the same time, the community has grown many folds & some may not fully understand how stables work
- The events of last few days in crypto have been another humbling experience about how crypto works. X times price growth & huge corrections r part of how all chains work
3/8 - Many of you have noticed how the UST peg is off by 1-2% for the last few days
- If you have been around since $MIR launch, you would have noticed how $UST has been selling at a premium whenever there was increased demand on $UST.
2/15 - Back in Oct 2020, I joined the Terra community when it was fairly small in comparison to where it is today
- At that time, the community was focusing on 2 things, adoption of Terra Network and there was a growing interest in Luna's deflationary nature
3/15 - At the same time, people were really curious about how supply of $Luna & other stablecoins is changing on a daily basis
- terra.smartstake.io/history supply change tracker was built to help answer those questions & to provide visibility/transparency .....
- in Oct 2020, was looking for a fundamentally strong project to validate in. based on a discussion with a crypto buddy that uses @SmartStake in multiple chains, started looking into Terra
- It was live for 16 months & starting as a validator is a no-no
2/10 - Seeing the fundamentals, the outward looking focus, decided to jump in & setup my validator
- Was a tiny community full of passionate folks Seb @NicholasFlamelX@kundunsan@Lu_It_Haeng Nacho, Aayush with firm belief that #Terra belongs @ #3 (after BTC & ETH)
- $Luna @ 0.30
3/10 - after remaining on the fringes for a bit, saw that community had questions about Luna supply changes ... more specifically, the reducing Luna supply and where it is going. Terra.smartstake.io was born to answer some of the questions
2/5) - Future genesis airdrops - $ANC airdrop gave 7% in one day by $ value - future launches may not match in airdrop value
- Risk - risk free staking
2 - Luna liquid staking - provide $luna as collateral (locked for 21 days like Luna staking). borrow $UST against collateral
3/5) - net borrow apy ($ANC farming) - 330%+
- net APR far outweighs standard rewards
- no staking rewards & no weekly or genesis airdrops
- Risk - liquidation risk of bLuna if Luna price drops
- you wont be staking with smart stake anymore 🤣