Hi #Lunatics I've had a chance to digest the @TerraBuildersU proposal and OG Holders/users aren't getting a fair shake. Somewhat of an olive branch that whale Anchor wallets aren't being included, but not including $UST in LP positions is pretty terrible.
Also no transparency from any of the Builders on how they plan to airdrop/snapshot holders of Terra Alt tokens. @Cephii1 proposal to capture overall TVL would be much more accurate way to judge users actual economic share of network pre-attack.
May 17, 2022 • 15 tweets • 6 min read
I'm seeing a lot of folks not understand the Terra 2.0 proposal, so want to add some clarity in a thread. If you see errors please let me know. I believe intent is that snapshots for Luna will be proportional to the supply.
Total supply of Luna was roughly 350 million at time of attack, so if you had 1000 Luna. You will get 1000/350 million of the 350 million distributed(35% of 1 Billion), so essentially get 1 Luna V2 for every V1 you held. This isn't removing TFL wallets, so actually more then 1:1