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For those interested in #Ziggy whitepapers, please see the quote tweet below.
I will go down both and explain each in as much simplified detail as possible. I can produce a litepaper based on reoccurring questions.
This thread will be for 1: Market Module - Demurrage.
I will go down both and explain each in as much simplified detail as possible. I can produce a litepaper based on reoccurring questions.
This thread will be for 1: Market Module - Demurrage.
1: Upgrading the Market Module - Demurrage
I have been requested by the L1 team to provide a paper on the Market module. This allows for swaps between $USTC and $LUNC.
Keep in mind that these are two separate pools, and they are labeled "Terra" and "Luna" respectively.
I have been requested by the L1 team to provide a paper on the Market module. This allows for swaps between $USTC and $LUNC.
Keep in mind that these are two separate pools, and they are labeled "Terra" and "Luna" respectively.
There is no "lunc" (ie, "ulunc") in the documentations; "uluna" is the denom used.
"Terra" makes up all fiat currencies that are "not Luna" - such as $UST, $KRT, $JPT, $EUT, $GBT, and more.
"Luna" makes up all other commodities. In #LUNC's case, this is just $LUNC.
"Terra" makes up all fiat currencies that are "not Luna" - such as $UST, $KRT, $JPT, $EUT, $GBT, and more.
"Luna" makes up all other commodities. In #LUNC's case, this is just $LUNC.
*The secret origins of #LUNCMERGE* 🤫
1/ I was shocked to wake up on this wondrous New Year
To see a blatantly false allegation by @ZaradarBH
@LUNCDAO did not "[come up with the idea]" of merging $lunc and $luna
This determined me to reveal the true originator ...
1/ I was shocked to wake up on this wondrous New Year
To see a blatantly false allegation by @ZaradarBH
@LUNCDAO did not "[come up with the idea]" of merging $lunc and $luna
This determined me to reveal the true originator ...
2/ First, what is "The Merge?"
It is the idea of somehow joining both #lunc (Luna Classic) and the newer #luna together
$luna 2.0 is not a "fork" of $lunc. It was a brand new chain, with entirely separate transaction history.
Next, why merge?
It is the idea of somehow joining both #lunc (Luna Classic) and the newer #luna together
$luna 2.0 is not a "fork" of $lunc. It was a brand new chain, with entirely separate transaction history.
Next, why merge?
3/ Why merge?
Arguably, bringing chains together would make for an immediately robust ecosystem
More users - from $lunc
More d'apps and better tech - from $luna
Interchain Alliance and Feather 🪶protocol will make $luna the center of much ...
Arguably, bringing chains together would make for an immediately robust ecosystem
More users - from $lunc
More d'apps and better tech - from $luna
Interchain Alliance and Feather 🪶protocol will make $luna the center of much ...
Guys! Don't panic because of #USTC getting minted. It's the normal market swap mechanism. It was only "disabled" for #LUNC/stablecoin and not for e. g. USTC/MYTC.
See this tx: finder.terra.money/classic/tx/FAD…
So nothing to really worry about.
#LUNCcommunity #LUNCPenguins
See this tx: finder.terra.money/classic/tx/FAD…
So nothing to really worry about.
#LUNCcommunity #LUNCPenguins
The only (really) bad thing about his in my opinion is that there are no burn taxes on MsgSwap transactions 😆
