bLuna-Luna: 2 weeks is where the most of LP tokens are locked, however 52 weeks is in the 2nd place with 250k tokens
When looking at distinct addresses: 52 weeks is by far the preferred one. This means more users have preferred the 52 weeks, but those that chose the 2 weeks period-even if fewer-have deposited more. Makes sense, as it is less binding to lock for only 2 weeks.
bLuna-Luna is the most preferred due to not having impermanent loss associated
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I think it is time to make a retrospective analysis of how it went. Ready?
Let me show you 🧵👇
N° users: 7215
When was their first interaction?
- Almost 300 users have bid right at the start, at an average price of $0.96
- The second wave happened after 9 hours. This was triggered by the price dropping below $0.20 and the buying pressure raised the average price to $0.32
What about the n° of tx over time?
- Peak/hr: ~1100
- Compared to the chart of new users, we can see a couple of more spikes, such as around 8:00 of the 14/12. This is a spike matches with the time when the price fell below $0.14
Problem: locking $UST in Pylon pools is a big commitment given the relatively long timeframes. We are talking about - what it feels like - ages in the crypto space.
Right now users have no way to sell or trade their position in the pool, in case they need to. Once you are in, you are in. You just gotta wait until your lock up period is over.
Solution: allow these positions to be tradable. As what happens with LPs, users would obtain a token as a receipt for their deposit into the pool. This receipt can either be used to claim the pool's tokens or sold on the market. And we are free again to get our money back!
So TFL is burning 88 millions of $Luna to $UST to fund different initiatives, most notably Ozone.
Well, you think that is running smoothly?
I thought so too 🧵
And it actually did. Like a swiss clock, every 800th block the community address (terra10kjnhhsgm4jfakr85673and3aw2y4a03598e0m) has been burning 520,000 $Luna for $UST.
Until this happened:
On November 16th, the address
terra1z8wl9y9lztd047cyhwdfwgsz853ywamg34pys8 has started tipping 0.01 $UST the community address.