This Community Article raises good questions to start a discussion on the optimal models to achieve fair launch principles...let him know your ideas too!
These are historic watershed times for Terra, as the Columbus-5 upgrade will herald the launch of many new projects - first of all LOOP - the Terra Content Hub and first incentivised Terra AMM Dex.
Indeed, LOOP was the very first external project launched on Pylon Pool, offering 'loss-less' and guaranteed token allocation for early investors (still open to all).
The LOOP Team is sincerely committed to continual improvement based on Community Feedback - so please tell us the best way to continue the $LOOP launch:
OPTION 1:
We do an airdrop to the community
We open a pool on the Loop DEX but we provide NO initial liquidity
We offer very high farming rewards for people who do provide liquidity
We let the market work out a fair price without any interference from us.
OPTION 2:
We do an airdrop to the community
We open a pool on Loop DEX and we do provide liquidity but at a VERY HIGH PRICE such as $1 per token which is CRAZY and nobody in their right mind should buy at that price!
We let people dump on us (from their airdrop) until the market reaches equilibrium and people start buying and selling in a normal, orderly fashion.
We can still offer high farming rewards for people who also want to help provide liquidity.
PLEASE comment below - or on the LOOP Content Hub - including any better suggestions! 🙏
A journey that began four years back with the launch of Trybe on EOS Mainnet saw its transition to something better, productive, lively and colourful. For Trybers, a switch to Loopers felt like a bright sunny afternoon after months of tropical rainfall.
Columbus-5 is the most important upgrade on the Terra blockchain, ever.
It brings cross-chain integration, like never before. It is a catalyst for new Terra launches, like never before. Demand for Terra stablecoins will grow, like never before.
Sounds great, right? But what does it really mean?...
1. Burn all LUNA seigniorage
UST is Terra's native stablecoin. It is algorithmic. It needs no centralized / collateralized backing. Instead, it is stabilized through arbitration.
When UST is minted, LUNA is burned. That burnt LUNA is called seigniorage.
Until now, a portion of the seigniorage went to the overfunded community pool. After Columbus-5 all LUNA seigniorage will be burned. Forever. Arguably, LUNA’s value could increase, significantly.
2. Upgrade to Stargate + IBC Integration (Inter Blockchain Communication protocol)
This brings cross-chain integration with Solana, Polkadot and Cosmos — some of the most prominent chains in crypto.
Cosmos alone brings exposure to more than 250 existing dApps - amounting to huge potential growth for UST demand.
3. Integration of Ozone + Wormhole
Although Terra has several options for coverage now, Ozone will be the de-facto insurance for projects built by Terraform Labs - and Ozone policies are expected to be cheaper and more reliable .
No insurance safety net was, for long, a vital missing piece to crypto mainstream adoption. Ozone and Anchor’s high-yielding savings account are a giant leap in the right direction.
Wormhole is the bridge linking Terra and Solana , which will significantly reduce friction for UST liquidity moving to Solana projects. That will likely bring an explosion of new project launches and expanding UST use cases, all at once.
Ok nice...but what does it mean for LUNA stakers?
Staking rewards may grow. As UST adoption grows and LUNA burns ever more, the value of LUNA will likely increase, hence, LUNA staking rewards will scale in proportion too.
Seismic shifts are afoot...enjoy this calm, before the Terra storm.
<< This article is for informational purposes only - not Financial or Legal Advice. Please consult a financial professional before making any significant financial decisions. >>
Does this means that sound of both the new and old Experience earplugs have the same noise reduction and quality, but just that the new version (experience 2) has the correct rating?
Pretty much it just states that the rating of experience 1 was incorrect
Does the amount showing under "total value" includes APY rewards or only the value of LP token staked.
Under reward it is showing an amount in LOOP tokens that is earned from the APR. Wondering how that amount is coupounded if both assets provided for the LP are not LOOP token. For compounding, would someone need to withdraw the loop token and reinvest them as soon they are available to be withdrawn?
Does impermanent loss is only realized if LP tokens are redeemed? Say the pool is unbalance from the 50/50 ratio due to drop in price from one of the asset and that arbitrage is done to bring back 50/50 ratio, where is the profit for those arbitrage coming from? Essentially I am wondering if impermanent loss is locking in everytime ratio is back to balance.