THORChain Terra LPers - Terra Fork Snapshots. Context.
24 May 2022, 00:03
THORChain Terra LPers - Terra Fork Snapshots
Context
Two snapshots of Terra Classic will be used to airdrop Terra Classic holders new tokens on the new Terra Chain.
LUNA, UST LPers will be included in the snapshot so their balances will be included in the genesis balances of the new chain!
TL;DR
If you LPed in a Terra pool on TC, you will have a balance on the new chain. You don't need to do anything, devs will get TFL required data.
Proposed Methodology
(Huge thanks to THORChain.Bull> for driving this with TFL 🙏 )
Same news in other sources
224 May 2022, 23:49
Node Votes
Node Operators are asked to vote:
1) Don't vote and the pools will stay paused forever, the LUNA slowly being depleted by churn gas costs. It will still attract block rewards so essentially wasting those rewards.
2) Vote HALTTERRATRADING = 0 to re-enable swaps and follow Luna Classic. The pools will be arbed rapidly down, the vaults will lose RUNE but fill up with LUNA-UST. The pools will earn rewards but make revenue.
3) Vote to Purge the pools. RAGNAROK-TERRA-LUNA and RAGNAROK-TERRA-UST
This code will be merged soon, and will essentially iterate thru all LPs refunding them 1by1 in accordance to their entry. Dual-sided will go out dual. Single-sided will go out the way they came. After the pools are empty they will be delisted and the chain daemon can be turned off.
Monitor the node votes here:
Node Votes. Node Operators are asked to vote:.
Node Votes
Node Operators are asked to vote:
1) Don't vote and the pools will stay paused forever, the LUNA slowly being depleted by churn gas costs. It will still attract block rewards so essentially wasting those rewards.
2) Vote HALTTERRATRADING = 0 to re-enable swaps and follow Luna Classic. The pools will be arbed rapidly down, the vaults will lose RUNE but fill up with LUNA-UST. The pools will earn rewards but make revenue.
3) Vote to Purge the pools. RAGNAROK-TERRA-LUNA and RAGNAROK-TERRA-UST
This code will be merged soon, and will essentially iterate thru all LPs refunding them 1by1 in accordance to their entry. Dual-sided will go out dual. Single-sided will go out the way they came. After the pools are empty they will be delisted and the chain daemon can be turned off.
Monitor the node votes here: https://t.me/thorchain_alert
24 May 2022, 08:42
To be adopted. Discussions in progress
To be adopted. Discussions in progress.
To be adopted. Discussions in progress