It's complicated. Prices are frozen on TC. Here is the latest:. Likely Terra Plan.
16 May 2022, 07:12
Itβs complicated. Prices are frozen on TC. Here is the latest:
Likely Terra Plan
Plan is changing, but this is the latest one.
1) V1.89 includes pauseAssymLP which combined with pauseTrading will stop toxic arb flow. Note: It has *no* change to LPs being able to exit, it simply mandates they leave the way they came in, which is fairest and stops LPs attacking other LPs. This has been explained ad-nauseam.
2) Terra LPs given a week+ to leave with their capital. The TC treasury with it's $2m+ bootstrap liquidity position, WILL be leaving. Do with this info what you will.
3) If TerraCommunity roll out a hard fork/recovery plan it will likely be followed.
4) If TerraCommunity do not promptly roll out a recovery plan within 2weeks (ish), the chain will be abandoned. This includes ragnaroking all Terra LPs their RUNE capital and quitting the chain. Note: LUNA,UST assets will *not* be returned since chain in unknown state, only RUNE refunded.
Exit Options
> RUNE-SIDED: I entered with just RUNE: you will exit with just RUNE
> DUAL-SIDED: I entered with RUNE+LUNA, or RUNE+UST: you will leave with RUNE+LUNA or RUNE+UST
> ASSET-SIDED: I entered with just LUNA or just UST: you will leave with just LUNA or UST
The last one seems unfair, what's up with that?
1) The state machine does not have a THOR address for those users, so cannot give them RUNE
2) Those members are still getting their capital back, it's what they put in
3) THORChain is still neutral to the chain and the asset