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Astroport ✦

22 Dec, 6 tweets, 2 min read

Phase 2 is running for 34 hours. A good time to check how the pool is working and the current status.

TL;DR ASTRO-UST Pool:
11.5M $ASTRO deposited
16M $UST deposited

Rewards:
Current ASTRO/1k ASTRO deposited: 435 $ASTRO
Current ASTRO/1k UST deposited: 313 $ASTRO

🧵👇/n

1/ Let us start with the general goal of Phase 2.

During Phase 2, you can add either $ASTRO, $UST, or both to bootstrap the ASTRO-UST pool.

Phase 2 ensures deep liquidity for the crucial ASTRO-UST pool and defines a market value for $ASTRO.

2/ After Phase 2, you will own LP tokens representing your pool share. Thus, you will own ASTRO and UST upon withdrawing.

You can withdraw your LP tokens linearly over the next three months.

Note: During Phase 2, you can not withdraw $ASTRO you add. You can remove $UST added.

3/ For participating in Phase 2, all participants receive an additional reward.

10M $ASTRO are split between $ASTRO and $UST depositors. As a depositor, you will be able to claim the rewards immediately after Phase 2.

4/ Thus, currently

Current ASTRO/1k ASTRO deposited: 435 $ASTRO
Current ASTRO/1k UST deposited: 313 $ASTRO

This translates to a 43% bonus for depositors participating in Phase 2.

https://twitter.com/astroport_fi/status/1473292177895837700?s=20

5/ Wanna see a deposit in action? Or are you more of an AstroReader? Sure, here you find an alternative for both:

https://twitter.com/astroport_fi/status/1473292177895837700?s=20

Wanna talk? Let´s do so. AstroSync is scheduled for later today: 8:30 PM UTC.

twitter.com/i/spaces/1dRKZ…

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