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.
178.5Bn $ROAR staked in the DAO. 100B is my original stake to prevent early governance attacks.
78.5B $ROAR of the 167B which has been airdropped is staked. Giving a staking ratio of 47%.
$ROAR staking has a 24 hour unbond period, which can be adjusted by governance
Governance:
Governance proposals 6 & 7 are due to pass, whitelisting all available assets for the treasury & the distributor contract.
THere's currently some $ASTRO, $TPT. $dUST & $DOCS (another DAO token) waiting to be distributed to $ROAR stakers.
Collabs:
We've already had some great collabs with other @terra_money tools and protocols.
Firstly huge shoutout to @genie_coinhall & @coinhall_org who dropped everything to help us run a successful $ROAR airdrop campaign to $LUNA holders yesterday.
Thank you to @tfm_com who added the ability for you to use their DEX aggregator to buy $ROAR which will give you the best swap rate by routing through multiple $ROAR liquidity pools! (DO NOT BUY!)
Thank you to @astroport_fi for also whitelisting our token and adding our token symbol into their DEX!
I want to add LP incentives to the $ROAR / $LUNA LP but that requires some technical work & a governance proposal! If anyone is able to help me with this, please reach out! π
There's a little bit of work to do, I would like people to be able to see $ROAR balances
@terra_money@TheLionDAO I'm reaching out to @PulsarFinance so that $ROAR token holders can see their balances in Pulsar's wallet tracking app. If anyone has any connections to them, or knows what I need to do to get listed, please give me a shout!
Updated on terraso.pe so $ROAR balances show and we can also now see all the assets waiting in the funds distributor and in the main @TheLionDAO treasury!
@TheLionDAO Proposal 6 to whitelist assts other than $LUNA & $ROAR in the DAO has passed, this means that any token can be distributed to $ROAR stakers & all assets sent to the treasury are viewable.
Proposal 7 for the $DOCS airdrop will also pass in about half an hour.
87.75Bn $ROAR of the 167Bn that has been airdropped is now staked in @TheLionDAO giving a staking ratio of 52.5% π«Άπ»π¦
@TheLionDAO One DAO member raised a proposal to turn off minting function on the token contract so that no further $ROAR tokens can be minted (the only way they could be is through governance) - I am supportive of the idea, but waiting on @enterprise_dao devs to confirm if code is correct.
@TheLionDAO@enterprise_dao Following the passing of proposal 6, all tokens in the DAO treasury can be viewed.
All treasury value (apart from the 500B $ROAR) has been donated by the community. Currently:
43.5 $LUNA
6 $ASTRO 6.5 $TPT
430 $dUST
2M $DOCS
& 500 #ampWHALE (currently not a whitelisted asset)
We just had a 3 hour Lion DAO twitter spaces where we spitballed a whole bunch of ideas, was great fun and so happy to see so many people getting involved. You can listen back to the recoded space here πtwitter.com/i/spaces/1BdxYβ¦
@TeamKujira Oh just for clarification - I voted down gov proposal 9 to kill the token minting contract because I had it confirmed the code submitted wouldn't work. Will work with devs over next couple of days to get the correct wasm message & then we will resubmit the proposal & execute.
Proposal 11 is up to whitelist a bunch of NFT contracts for the DAO treasury. It just means that under the NFT Treasury section, if we get sent any of the NFTs we're whitelisting, the NFT would show there.
- 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?!)
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
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.