Thread by @MeetWawa

1/14 #ASTROWARS EXPLAINED WITH COMICS! 🚀⚔️

This is a complex topic that will shape Terra's future, and I've simplified it with comics to help everyone understand the basics of it!

Let's explore the astrowars! 🧵👇🏻

$LUNA $UST $ASTRO @terra_money #Terra #Lunatics @astroport_fi

P.S. For manga-readers, this comic is to be read from left to right.

2/14 So what is the #astrowars about? Should you be scared? You should be excited!

It's not a real war, it's just a war for your liquidity, i.e. your assets such as $UST, $LUNA, etc.

3/14 In every war, there are parties involved, let's talk about who're the key categories of parties involved.

They are:
1. Protocols who want liquidity
2. Accumulators gathering $ASTRO tokens
3. Yield farmers who provide liquidity for rewards

Let's start with yield farmers!

4/14 As a yield farmer, aka liquidity provider, you earn trading and incentive rewards for providing liquidity in certain pools.

But, you will notice that different pools give you different rewards!

We've explained this in our previous comic too.

https://twitter.com/MeetWawa/status/1517008599704227841

5/14 So how are the incentive rewards of each pool decided?

Right now it's decided by @astroport_fi, but in the future, it will be decided by Astroport governance holders via a vote!

And what are Astroport governance holders?

6/14 Anyone that holds $ASTRO!

Holding $ASTRO is not enough, you need to stake it and turn it into $xASTRO.

This not only gives you dividends from Astroport revenue in the form of more $ASTRO tokens, but it also gives you governance voting power!

7/14 But with great power comes great responsibility!

Holding $xASTRO's governance voting power allows you to vote for more incentives to be given to a particular liquidity pool!

If you're a yield farmer, you would want to vote for your own pool so that you earn more!

8/14 Additionally, you can lock up your $xASTRO turning it into $vxASTRO for even more rewards and voting power!

This is similar to a US Treasury Bond where a 30 years bond usually gives you a higher yield than a 5 years bond!

But what if you don't want to lock up your $ASTRO?

9/14 This is where accumulators come in.

They sell their gov tokens to raise money to buy $ASTRO and then max lock the $ASTRO tokens, giving their pool more $ASTRO rewards, on top of their own token reward!

This attracts farmers and liquidity over, due to the boosted rewards!

By the way, if you would like to find out more about $ASTRO accumulators, @danku_r has done a great thread on it!

https://twitter.com/danku_r/status/1520077263370342400

10/14 Every two weeks, the distribution of $ASTRO emissions to the various liquidity pools on astroport will be voted on by $xASTRO holders.

Accumulator tokens hold $vxASTRO in their treasury and can vote too, but these voting rights are passed to the accumulator token holders.

11/14 Now for the third party, the protocols.

In the future, protocols can bribe $vxASTRO or accumulator tokens holders to vote for their pool, by giving them their token in exchange for their vote.

This boosts the $ASTRO emissions for their pool, attracting liquidity to it.

12/14 Why would protocols do this?

Typically, protocols attract liquidity by giving a lot of their tokens as farming rewards.

However, farmers would sell these rewards, causing prices to drop. making investors leave, and farmers would leave with their liquidity as well.

13/14 By bribing accumulators token holders to vote for $ASTRO emissions to their pool in exchange for their token, protocols attract liquidity to their pool for a smaller portion of their token supply.

This causes their prices to be more resilient, and investors happier.

14/14 That's it for this comic! We hope you better understand the various parties involved and why the #astrowars is going to be exciting for the future of Terra!

I'm looking for collabs to grow my reach!

If you're a protocol seeing this comic and love it, and want me to explain your protocol in comic-style for marketing and education purposes, I would love to chat!

If you're a reader, tag your favorite protocol you want us to explain!

I want to make crypto fun and engaging one comic at a time. If you enjoyed this comic thread, please consider:

❤️ Liking these tweets
🔁 Retweet the first tweet so others can see it.
🐶 Following me @MeetWawa for more content.

Let me know what I should draw next!👇🏻

@stablekwon
@terra_money
@astroport_fi
@mars_protocol
@LFG_org
@NexusProtocol
@0xCha0s
@TheRyanLion
@gtcapital_
@GuyPolio
@wencol5
@cpablo1888
@LunaLegolas
@SumoLuna
@tweeterazzis
@StarTerra_io
@Atlo_Protocol
@mirror_protocol
@anchor_protocol
@lejimmy
@lunatichisoka

@danku_r
@cryptrus
@TheMoonMidas
@Speicherx
@CryptoHarry_
@AgilePatryk
@cptn3mox
@DrCle4n
@ChainDebrief
@FynnToTheMoon
@AlphaSeeker21
@NicolasFlamelX
@mooneybagz
@FishMarketAcad
@nicklovesterra
@Panterra0x
@MrRefractor
@deadrightdove
@rebel_defi
@iii_OIO_iii
@ZeMariaMacedo

Missed image 9! Here it is! Thanks @defiraven for pointing it out!

https://twitter.com/MeetWawa/status/1521416130409115649

Tagging influencers & protocols that I would love to work with!

@retrogrademoney
@reactor_money
@ApolloDAO
@SpecProtocol
@orion_money
@WhiteWhaleTerra
@SebastianJer7
@TeamKujira
@deadrightdove
@galactic_punks
@Cephii1
@vertex_protocol
@prism_protocol
@OnePlanet_NFT