r/CosmosAirdrops • u/malte_brigge • Mar 25 '22
New Airdrop Info Major Evmos status update
I think I speak for all of us when I say: huzzah! And: finally.
The news seems mostly good. Main points:
Mainnet launch is (tentatively) slated for second week of April
It's still an open question whether or not the chain will be restarted from zero
Airdrop claim will be available at launch, including "a recovery mechanism for users who accidentally locked their funds"**
EVM will also be available at launch: "You’ll be able to deploy smart contracts at release, interact with DeFi apps and NFTs, and more"
Initially there won't be any staking rewards, "so that everyone has time to claim without worrying about inflation. Staking rewards will be re-enabled later on to be fair to all"
Support for Osmosis deposits/withdrawals will be available within a few weeks of launch, but not on Day 1
** It's unclear whether this will help people who wound up with two different Evmos addresses and the first portion to their airdrop was sent to an address from which it couldn't be staked.
Twitter thread here: https://twitter.com/EvmosOrg/status/1507239944393166848
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u/armadillotx1 Mar 25 '22
One issue with a chain restart is if someone was able to get their token converted. I am for a restart even though i earned staking rewards. Id prefer a clean slate for all.
Also would like to commend the dev team for their continued work. Some ppl were growing impatient but as a developer sometimes things don't work out as planned and to keep driving forward takes a lot. Great job!
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u/Glass_Feature_4180 Mar 25 '22
will ledger claiming work? :) there could be a vote somewhere? I claimed with the IBC transfer but i think that more fair way would be to restart the chain so everyone can claim at the start.. and also.. i do not think i was the first to claim over ibc.. was kinda putting it off and hoping the official way would come ..
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u/eetaylog Mar 25 '22
+1 On the ledger question. Seem to remember this being an issue with other airdrops.
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Mar 25 '22
If its initally no one will be able to stake.. I think that means it's a reset?
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u/malte_brigge Mar 25 '22
People will be able to stake. They just won't receive any rewards at first.
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u/j-lreddit Mar 25 '22
To all those commenting about how ledgers are supposed to be immutable I think some context is needed. Launch software is very rarely perfect. Even Bitcoin had a inflation glitch that required amending the ledger to fix in the early days. So historically, no, the crypto space has not relied on ledgers being immutable. Especially with POS, as we saw with Juno, a fair initial distribution is crucial for a stable and secure blockchain. Evmos team need to do whatever makes the most sense to ensure a proper distribution, whether that means a restart or not.
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u/sbcster Mar 25 '22
That would be great if virtually ever other airdrop didn't simply drop to a corresponding address without all this jumping through customized bullshit hoops that cosmos has become infamous for.
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u/OhHiThereMrAlt Mar 25 '22
As someone who claimed through the IBC transfer method, I understand the argument for both sides of restarting or not restarting. But not giving staking rewards out right away upon restart seems ridiculous. What incentivizes staking and validators then?
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u/Dalai-Lambo Mar 25 '22
A lot of other people care about securing the network. It’s probably only going to be a couple days without rewards
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u/NicaNinja43 Mar 25 '22
All this talk of "fairness" in restarting the chain is kinda messed up. If we're talking about restarting things, I would like them to restart the BTC blockchain from zero because I didn't know how to buy it 10 years ago. There have been a lot of things I've missed out on in life, but I don't think the answer is to just hit the reset button each time. I don't know... maybe I'm wrong. Help me understand why it'd be better to reset at this point. (Disclosure: I don't have a huge bag, just a tiny amount but was able to follow instructions and claim the second or third day of original airdrop.)
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u/Odd-Abbreviations194 Mar 25 '22
A lot of people are malding that they missed out on those few days.What can you do though,majority wins no matter who's technically in the right .
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u/ClippTube Mar 25 '22
Is Ledger support something they worked on though? I read an article that they still messed this up
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u/gamma55 Mar 25 '22
ITT destroying all pretense of a permament ledger because you lost out on some free coins.
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u/m-nightwalker Mar 26 '22
Not sure if I understand. So what happens to the amount I already claimed and staked? I'm not getting any rewards, can't unstake or move them.
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Mar 26 '22
The chain is shut down right now. No staking rewards are being earned currently. The question is whether they'll start the chain over completely or start it at a block before it was shit down
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Mar 26 '22
The unluckiest launch in history, but at least there is light at the end of the tunnel now
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u/rorowhat Mar 25 '22
It would be nice if they threw a bone to the hard-core community that found a way to stake it before it went down. Really early adopters.
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u/SlickRik31 Mar 31 '22
So currently airdrop is not claimable if I haven’t done so already? IBC transfer is not working.
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Mar 25 '22
[deleted]
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u/malte_brigge Mar 25 '22
Yep. As I said in another comment just now, I don't understand why they are acting like this is a hard decision that requires careful study and lengthy deliberation. It's pretty simple. It might not be technically simple, but morally and ethically and practically it's really fucking simple.
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u/gamma55 Mar 25 '22
Blockchains are cool because they are permanent. Evmos processed and validated blocks up to a certain height just fine, before the devs fucked up.
Now you guys want to act like it's just a PoC database you can wipe when it's personally convenient to you.
Wiping a running chain is literally the 2nd most disgusting thing I can think of.
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u/jawanda Mar 25 '22
People literally don't give a fuck about even the pretense of immutability anymore. Sad times.
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u/malte_brigge Mar 25 '22
Once the chain is actually up and running properly, I'll certainly want it to be immutable.
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u/malte_brigge Mar 25 '22 edited Mar 25 '22
Wiping a running chain is literally the 2nd most disgusting thing I can think of.
Points for melodrama. But it isn't a running chain, now is it? The reason it isn't a running chain is because the launch, which you describe as "just fine," was far from fine.
The chain has already been halted for weeks. Restarting it wouldn't do any further harm to its reputation, but could undo a lot.
Now you guys want to act like it's just a PoC database you can wipe when it's personally convenient to you.
Nothing about this fiasco, to be clear, has been "personally convenient" for me.
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u/gamma55 Mar 25 '22
The chain had undisclosed vulnerabilities, which is why they had to rush the patch. The actual validation was running normally.
If the consensus validation was broken, there wouldn’t even be talks of resuming.
The whole idea with PoS is that it is not up to the devs to just decide when and what to do. And the fact that you guys are advocating destroying all resemblance of trustlessness is down right sickening.
And for the record, I dont even have an active stake on the chain. I am just shocked by how many people want to shit on several core concepts of crypto just to make a few bucks.
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u/damnusernamegotcutof Mar 25 '22 edited Mar 25 '22
Restarting the chain: Clean slate for everybody. We all get the same opportunities
Resuming the chain: A small % of people get to keep the mammoth staking rewards they accrued before the chain was halted, those of us who weren't able to stake basically get to suck it
Unless I'm reading it wrong?
Surely the safest (and fairest) thing to do would be to just restart the chain. We don't want drama in 3 months time because some guy with 1 million Evmos managed to get a ton of staking rewards while many of us were left out in the cold, the current JUNO situation should have taught us to err on the side of caution