The lockdrop for @astroport_fi enters Phase 2 soon at 7AM UTC, DEC 21 ποΈ
LetΒ΄s check what you can or might wanna do with your $ASTRO from Phase 1 & the Airdrop πͺ
Ultimate $ASTRO Phase 2 Overview is incoming.
π𧡠/n
LetΒ΄s check what you can or might wanna do with your $ASTRO from Phase 1 & the Airdrop πͺ
Ultimate $ASTRO Phase 2 Overview is incoming.
π𧡠/n
1/ If you like to listen to the topics below, @lejimmy and I recorded a video on this topic today.
You can find the video with the $LUNA mastermind @lejimmy on @YouTube :)
You can find the video with the $LUNA mastermind @lejimmy on @YouTube :)
2/Let's start with the status of the lockdrop ππ§
Phase 1 is almost finished. You have been able to deposit TerraSwap LPs to gain $ASTRO.
Now, Phase 2 will define the price of $ASTRO filling the ASTRO-UST pool: The Great Price Discovery π
Phase 1 is almost finished. You have been able to deposit TerraSwap LPs to gain $ASTRO.
Now, Phase 2 will define the price of $ASTRO filling the ASTRO-UST pool: The Great Price Discovery π
3/ You can add to the pool with either $ASTRO and/or $UST in Phase 2. Based on the amount of both, a price for $ASTRO is set π²
However, there is no need to participate in Phase 2 $ASTRO or $UST.
You can hold your $ASTRO that you got from Phase 1 and the Airdrop πͺ
However, there is no need to participate in Phase 2 $ASTRO or $UST.
You can hold your $ASTRO that you got from Phase 1 and the Airdrop πͺ
4/ Wait, Airdrop? πͺ
Yes, there will be an airdrop to LUNA stakers, bLUNA depositors, and TerraSwap LP users if active on September 9 (Block #4451515).
25M $ASTRO will be distributed with a max cap next to the 75M from Phase 1. Find more details below ππ
Yes, there will be an airdrop to LUNA stakers, bLUNA depositors, and TerraSwap LP users if active on September 9 (Block #4451515).
25M $ASTRO will be distributed with a max cap next to the 75M from Phase 1. Find more details below ππ
5/ Why would somebody deposit his precious $ASTRO? π€
Depositing each side of the pool is rewarded with 5M $ASTRO token each.
Thus, if just one person would deposit 1 $ASTRO, he would get 5M $ASTRO as a reward. This mechanism will support a fair price discovery.
Depositing each side of the pool is rewarded with 5M $ASTRO token each.
Thus, if just one person would deposit 1 $ASTRO, he would get 5M $ASTRO as a reward. This mechanism will support a fair price discovery.
6/ If you deposit $ASTRO or $UST into the pool, you will become an LP after Phase 2 ends.
So, in case you provided only one side of the pool, you would now get both tokens based on your LP position.
So, in case you provided only one side of the pool, you would now get both tokens based on your LP position.
7/"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 LP deposits will unlock linearly over that period.
Yes, it is three months after phase 2 finishes. Your $UST and $ASTRO LP deposits will unlock linearly over that period.
8/ And what do you think is a reasonable price, Mr. danku? Well, here my NFA kicks in.
But some methods might support you to find a reasonable price. @lejimmy talks about them in the video.
Feel free to get your Alpha there, fren :)
But some methods might support you to find a reasonable price. @lejimmy talks about them in the video.
Feel free to get your Alpha there, fren :)
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