Gonna use my merge protocol Terra address because that meme is over and it has some $LUNA I can use for gas in it that's not connected to any other wallets π
It's going to be a community token DAO.
We need some memecoinery
We'll call it Lion DAO - not feeling very creative rn
Hmmmm.... $LION token or $ROAR token?
Hmmmm do I make a token with like 1 Trillion tokens or like 1,000 tokens? π€
I'm going with 1 Trillion tokens. I'm a bit confused at this stage but I'm also refusing to read the instructions so I'm just going to wing it, so looks like I'm sending half the tokens to the DAO and half the tokens to my address (which I will send to other people)
OK slightly confused at this stage.
I don't know what a marketing owner address is, so I just used my same address. I don't know what Projct means, so just said Lion DAO again.
Looks like I'm going to have to make a token Logo...
I made a logo
OK now to set governance parameters, gonna have 24 hour governance votes and 24 hour unstaking period for lolz.
I don't really know what this means, but I'm just going to allow it anyways:
OK hit my first snag - don't seem to be able to make a swap on @astroport_fi
I'm messaging Astroport devs
OK while that's going wrong - let's see what we can do on @enterprise_dao governance wise - I'm thinking can we get staking rewards for staked DAO tokens from the DAO treasury. That might be a bit advanced, but I'm going to message @enterprise_dao devs to see what we can do.
@astroport_fi Lion DAO Twitter is picking up steam, it already has more followers than most LUNC bot accounts.
There are now 60 $ROAR holders. 12 in the discord & 8 in the telegram.
Lion DAO could be the next big thing.
@astroport_fi UPDATE: just had a dm from @eris_protocol - they're working on ampROAR. Not wanting to be late to the party @JGnft_is_me is working on $bROAR. Then @stride_zone messaged to say they're willing to give me 200% APR on $stROAR/$ROAR pair on @osmosiszone
UPDATE: Airdrop for $ROAR stakers confirmed!! πͺ
UPDATE: Someone airdropped $LUNA to $ROAR stakers π
Thanks whoever it was - I'm running low on gas fees!
UPDATE: We have governance proposals! And people are actually voting on them π€£
UPDATE: The @astroport_fi LP for $ROAR / $LUNA is working!
Advice from the @TheLionDAO team is: DO NOT BUY OR SELL UNDER ANY CIRCUMSTANCES βΌοΈ
@astroport_fi@TheLionDAO UPDATE: In a desperate act of apology for calling Lion DAO a scam the @astroport_fi devs have added $ROAR token symbol to the front end
@ZeMariaMacedo has also dmed to say he will be giving $ASTRO emissions to $ROAR / $LUNA at next emissions review
We're about 60 hours into the DAO's life. Will do a few tweets in this thread with a summary of some of the key activities so far & will update as the day progresses.
- Running a @genie_coinhall airdrop campaign
- Talk to @astroport_fi about how I can add liquidity incentives
- Explore staking rewards in the DAO with @enterprise_dao
- figure out how people can add other tokens to the rewards distributor & treasury
- people airdropping $LUNA and other tokens to $ROAR stakers
- 30% of the tokens distributed being staked on the DAO
- Trending #1 on @coinhall_org
- @astroport_fi adding our logo instead of making me fork a GitHub repo (WTF?!)
An interesting concept with a number of game theory elements.
The supply debases by 0.01% per block but there are a number of ways to "protec" your eggs.
Disclaimer: It's done a 10x since I bought & is high risk.
Quick π§΅
Supply debases by 0.01% per block (~7% per day) but there are 3 ways to protec your eggs π₯
1. Full Protec:
- Requires a 7 day lock up
- Your $EGGS will not be affected by the debase
- Once the 7 days are up you can withdraw, or hold them there until you want to withdraw
2. Big Protec:
- 10m $EGGS are minted every block
- 9m per block are allocated to Big Protec
- Big Protect is providing liquidity to the $EGGS/ $ETH LP
- You need to lock your LP for at least 24 hours
- Whilst the $EGGS in the LP debase, the rewards often exceed the debase
Very quick rebuttal to the @FatManTerra revelations today.
TL;DR: The $UST swaps into the curve pool he identified were clearly communicated as swapping $UST to other stables to purchase $BTC for the @LFG_org reserves.
𧡠1/
Fatman points out that the $UST swaps increased in April. The selling stops exactly in line with @LFG_org announcing the purchase of $1.5Bn of $BTC.
For the majority the airdrop will have been automatically distributed to your Comdex wallet.
For $LUNA, $EVMOS, $SCRT + others you need to manually check eligibility & if eligible send a low value tx to Comdex with you wallet address as the memo.
20% of the $HARBOR airdrop is delivered liquid. The remaining 80% is delivered in $veHARBOR with a number of "missions" you need to complete to unlock the full airdrop.
I believe the $veHARBOR is locked for 4 months before being able to be made liquid.
I already completed the mission to provide liquidity to the $ATOM / $CMDX pool on cswap - which is a little tricky as you need to get both assets onto Comdex to provide the liquidity. I can confirm that there is no minimum, so you can do it with pennies. Comdex is also gasless.
Reenabling staking on Luna Classic network is pretty bullish for $LUNC.
Staking APR has been insane for the last few months due to the rewards in the oracle contract accrued during the mass $UST burn.
There will be a race to stake $LUNC to take advantage of the crazy APR π§΅ππ»
The re-enabling is staking will potentially reinvigorate some Terra Classic dApps. $bLUNA, $cLUNA & $LUNAX liquid staking derivatives being available could see @anchor_protocol, @prism_protocol & @staderlabs rise from the ashes.
Other projects that werenβt necessarily reliant on $USTC like @astroport_fi DEX, NFT marketplaces like @randomearth_io & money markets like @EdgeProtocol might also see increased traffic as the network starts to see increased activity.