RyanLion πŸŒ’ Profile picture
Apr 1 β€’ 21 tweets β€’ 19 min read Twitter logo Read on Twitter
Starting a DAO on @terra_money using @enterprise_dao DAY #3! 🧡

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.

Link to the DAO: enterprise.money/dao/terra17c6t…

$ROAR
Community:

Twitter: @TheLionDAO 265 followers

Discord: discord.gg/hZpqVkT3v9 89 members - shout out to @MrMohawk for helping build some features in there.

Telegram: t.me/Lion_DAO 65 members

$ROAR token holders - 729 list here: terrasco.pe/mainnet/addres…
DAO:

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!)

You can also see full token/LP analytics & charts here: tfm.com/terra2/trade/a…
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! πŸ™
Thank you to terrasco.pe the @terra_money block explorer for whitelisting $ROAR & also collating the @TheLionDAO contract under their Projects page here: terrasco.pe/mainnet/projec…

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!
Some other things I'm exploring partnership wise:
- Using $ROAR on @TP_TerraPoker
- Some sort of campaign on @valkyrie_money
- Going interchain on @TeamKujira's FIN limit order book πŸ‘€πŸ‰
- treasury swaps with @galactic_punks, @Skeleton_Punks, @redacted_money
@TP_TerraPoker @valkyrie_money @TeamKujira @galactic_punks @Skeleton_Punks @redacted_money Friend of @TheLionDAO @cryptrus is also running a meme competition today. The best 10 meme submissions get 100m $ROAR - go and get involved:

Absolutely incredible PFP creations by @SPEERBOT in the Discord. Thank you ser πŸ™πŸ»

Community stepping up and just building stuff on their own at this point is crazy! 🦁

Get yours here ➑️ discord.com/channels/10911…
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% 🫢🏻🦁
@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 πŸ‘‡twitter.com/i/spaces/1BdxY…
Final (I think) update of the day...

Spotted on @TeamKujira IBCed $ROAR...

Could we see a $ROAR pair on Kujira's Fin orderbook soon?! Maybe an airdrop to $KUJI stakers?!

finder.kujira.app/kaiyo-1/token/…
@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.
@TeamKujira OK one last thing LOL

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.

enterprise.money/dao/terra17c6t…

Gn!

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh
γ€€

Keep Current with RyanLion πŸŒ’

RyanLion πŸŒ’ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @TheRyanLion

Mar 31
Starting a DAO on @terra_money using @enterprise_dao DAY #2!

Link to DAO: enterprise.money/dao/terra17c6t…

Twitter: @TheLionDAO
TG: t.me/Lion_DAO
DC: discord.gg/hZpqVkT3v9

Read all of yesterday's fun in the thread below πŸ‘‡
On the agenda for today:

- 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
@genie_coinhall @astroport_fi @enterprise_dao Coolest stuff that happened so far:

- 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?!)
Read 23 tweets
Mar 30
Going to document myself making a DAO...
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 😊
It's going to be a community token DAO.

We need some memecoinery Image
Read 45 tweets
Mar 4
Recently I've been playing around with $EGGS πŸ₯š

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 🧡 Image
Supply debases by 0.01% per block (~7% per day) but there are 3 ways to protec your eggs πŸ₯š

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 Image
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 Image
Read 14 tweets
Dec 6, 2022
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.

🧡 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.

Image
The details of the swap include a $1Bn direct swap of $UST & $BTC with Genesis and an additional $500m $BTC β€œbought” from 3AC.

How much does FatMan allege TFL β€œcashed out” over this period. Oh $450m - this lines up with the $500m $BTC purchase πŸ€·πŸ»β€β™‚οΈπŸ§
Read 6 tweets
Dec 5, 2022
The $HARBOR airdrop is live.

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.
Read 4 tweets
Aug 25, 2022
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 πŸ§΅πŸ‘‡πŸ»
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 weren’t 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.
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(