🎁 The monthly Astro(re)port, Issue #2, is out now.

Read it here: astroport.medium.com/astro-re-port-…

Or expand 🧵 for highlights 👇 1. Daily trading volume is up 6.75% over March, and Astroport’s total value locked (TVL) now exceeds $1.65 billion — an increase of 13%+ over March.

🛰️ NEW VOTE INITIATED

The Astral Assembly voted to approve dual rewards on the LUNAX-LUNA pool on April 13. But we’re not there yet…

An additional vote is required 🧵👇 To implement the initial proposal, the Assembly also needs to whitelist the LUNAX-LUNA dual rewards proxy contract.

Without whitelisting the proxy contract, the original proposal for LUNAX-LUNA cannot be implemented, and it will be considered a failure.

The ASTRO Wars approach

Astrochad explains what they are and why they matter: astroport.medium.com/the-rise-of-th…

Want the tl;dr 🧵👇 2/ Staked $ASTRO tokens receive $xASTRO and complete authority over Terra’s mightiest DEX.

That includes the ability to direct which pools Astroport will reward with $ASTRO emissions through bi-weekly votes.

✦ Weekly Governance Update ✦

Dear Astronauts,

2 new governance proposals are live for voting now. Community members also submitted 2 new ideas to make Astroport better

Check this 🧵 Proposal: Add ASTRO Emissions for the MARS-UST Pool

Our fren TopHatOnURHead proposes giving 1% of total $ASTRO emissions to the MARS-UST Pool.

This proposal is live and you can vote here 👇

app.astroport.fi/governance/pro…

Hello, world!

Meet Astroport governance, staking (for $xASTRO) and fee share.

Full details at the link below, or expand this 🧵 for the tldr ⏬

astroport.medium.com/astroport-upgr… 2/ Starting now, $ASTRO holders anywhere in the galaxy can stake their tokens for $xASTRO at app.astroport.fi/staking.

The new CW20 token, $xASTRO, rewards $ASTRO stakers with additional $ASTRO and can be unstaked at any time without a cooldown period.

✦ Weekly Forum Update✦

To all AstroChads out there, have you seen the latest proposals on the Astroport Forum? It is getting exciting in there 🧑‍🚀

Here is a round-up of this week’s latest proposals 🧵👇 ARC-9: Incentivise weUSDC/UST pool with Astro

Incentivize weUSDC/UST pool to build up liquidity. The purpose of this proposal is to create a deep liquidity pool of weUSDC/UST to bring swaps from USDC to UST and vice versa from Curve Finance to Astroport.

forum.astroport.fi/t/arc-9-incent…

✦ INCOMING TRANSMISSION ✦

Three massive upgrades have been deployed to Astroport:

✦ APYs
✦ Staking in ASTRO Generators
✦ Claiming ASTRO + third-party project tokens

Full debrief on Medium: astroport.medium.com/astroport-upgr…

tldr below 👇👇 APYs are now visible on the Pools screen: app.astroport.fi/pools

✦ AIRDROP RESOLUTION ✦

~7,000 Terra addresses were overlooked during Astroport’s initial airdrop calculations.

Here’s what happened and how it’s been resolved…

🧵👇

https://twitter.com/astroport_fi/status/1473324190556119046

2/ The affected wallet addresses all had bLUNA collateral balances.

A script that aggregated the total bLUNA collateral balance for each address inadvertently set the collateral balance to 0 if that address had executed multiple bLUNA transactions.

✦ GENERATORS INITIATED ✦

Astroport’s dual reward generators are live!

6 pairs are currently eligible to earn dual rewards:

ANC-UST
APOLLO-UST
ORION-UST
MIR-UST
STT-UST
VKR-UST

Expand this 🧵 for everything you need to know 👇👇👇 If you participated in the lockdrop and your LP is still locked, there’s no action required on your part.

All lockdrop liquidity has already been automatically staked in the Astro Generators, and your LP tokens are already accruing dual rewards 💪

✦ INCOMING TRANSMISSION ✦

RE: Deployment of $xASTRO, $vxASTRO and the Astral Assembly

Now that the Astroport AMM has launched, focus shifts to activation of $ASTRO staking ($xASTRO), locking ($vxASTRO) and governance (via the Astral Assembly).

🧵👇 B/w the launch of the Astroport AMM and activation of the Astral Assembly a grace period was planned for important security-oriented reasons including:

Earlier today, Astroport blasted off for the stars 🌌

Users throughout the galaxy can now beam up to the ship to swap, LP, and claim their $ASTRO rewards.

Let’s look at some of the most common questions we’ve seen so far. TL;DR in 🧵/n or article 👇

astroport.medium.com/astroports-pos… 1/ Why is bLUNA-LUNA a constant product pool (XYK)?

In fact, bLUNA-LUNA is a stableswap pool. However, it was initially launched to imitate an XYK pool as bLUNA and LUNA are not trading 1:1 ⚖️

To protect LPs, we’re gradually increasing the pool’s amplification 🔧

✦ ASTROPORT NOW ASSEMBLING ✦

At approx. 14:00 UTC, ~$1.2 billion in liquidity was successfully migrated from Terraswap to Astroport's smart contracts

What comes next? 🧵👇 ✦ Phase 2 withdrawals will close in t-minus 10 hours, 50 minutes

✦ The ASTRO-UST liquidity pool will be integrated with Astroport's smart contracts

✦ Within ~36 hours, Astroport will launch swap and pooling functionality 🚀

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.

To fully master AMMs, you must understand the holy trinity of Slippage, Price Impact, and Minimum Received.

As Astroport's launch approaches (Dec 20 👀), let's take a look at all three so Astrochads everywhere can ape safely.

🧵👇 /n 1/ Imagine you want to swap 100 $LUNA for $UST.

Astroport’s "Breakdown" section gives us an insight into the swap. We expect 4500 $UST in return, but a minimum of 4421 $UST. We also see a Price Impact of 0.002% and a Slippage Tolerance of 0.5%.

Why is that? 🤔

Coingecko tracks more than 125 decentralized exchanges.

Why does the world need the new DEX protocol, Astroport?

And how could it possibly become one of the industry’s leading DEXes?

Here’s how…

🧵👇 Most DEXes support a single type of liquidity pool.

Astroport enables three.

It also has a flexible architecture so devs & governance can easily add more pool types in the future.

Today, the best LPs are programmers.

They write custom code to route & monitor their positions to make the best decisions.

The rest?

They use “hopium” or a mish-mash of tools, spreadsheets, plugins & finicky desktop apps.

With Astroport, the game will change completely.

🧵👇 Astroport’s dashboard will give every user a personalized overview with:

✦ Per-pool and overall fee metrics
✦ Profit/loss
✦ Asset exposure
✦ LP vs hold

Astroport is designed with one overarching goal: enabling massive liquidity for Terra-based tokens.

Here’s how it gets there...

🧵 below 1/ Traders and LPs can seek the best rates because Astroport supports 3 pool types on a single platform (Uniswap v2’s invariant pools, Curve’s stableswap pools and Balancer’s liquidity bootstrapping pools).