The $USTC Team Weekly Update
#2
is up on Commonwealth!
We've also released an early alpha version of a backtesting report on the divergence protocol that the community can take a look at here:
#LUNC
#LUNCcommunity
#LuncArmy
The $USTC Team Weekly Update
#3
is up on Commonwealth!
We've got an initial implementation of the buy back protocol for simulations in place, and are working on a report that will be circulated with various CEXes.
#LUNC
#LUNCcommunity
#LuncArmy
The $USTC Team Weekly Update
#1
is up on Commonwealth!
We'll also be having our planning discussions out of Commonwealth so that the $LUNC community can have transparency and visibility into what's needed to re-peg USTC.
#LUNC
#LUNCcommunity
#LuncArmy
The $USTC Team Weekly Update
#6
is up on Commonwealth!
We are working on simulating arbitrage from historical Binance data against a Uniswap v2 AMM, as well as an "Interactive Report" of the Buy Back Protocol for CEXes.
#LUNC
#LUNCcommunity
#LuncArmy
"Understanding the $USTC re-peg" is up on Commonwealth!
The goal with this post is to give the community a understanding of the problems we need to address in order to create a comprehensive solution to re-pegging USTC.
#LUNC
#LUNCcommunity
#LuncArmy
The $USTC Team Weekly Update
#4
is up on Commonwealth!
We're close to first report being ready, (we're just verifying numbers) and we've released a preview of a Terra Classic Revival Whitepaper for the community.
#LUNC
#LUNCcommunity
#LuncArmy
The $USTC Team Weekly Update
#5
is up on Commonwealth!
We've released an initial version of the Buy Back Protocol Report, which can be seen here:
Further improvements are planned for the report.
#LUNC
#LUNCcommunity
#LuncArmy
The $USTC Team Weekly Update
#10
is up on Commonwealth!
We've had further meetings with CEXes and have established a potential future direction and roadmap for reviving the blockchain.
#LUNC
#LUNCcommunity
#LUNCArmy
#USTC
The $USTC Team Weekly Update
#7
is up on Commonwealth!
We have released a version of Buy Back Report that is ready for circulation to CEXes. You can read this version of the Buy Back Report here:
#LUNC
#LUNCcommunity
#LuncArmy
In light of the posting of proposal 11889, I've made a new Github repo for those who want to contribute to the
#LUNC
L1 core without having to jump through arbitrary barriers that don't exist in other open source blockchains. All are welcome. Let's build.
All developers who believe in the ethos of crypto, decentralization, the right to remain anonymous, and value freedom and privacy that want to contribute to the future of
#LUNC
are free to contribute to without requiring KYC.
You can't kill open source.
The $LUNC Community Pool is not the only way to fund the $USTC Team's efforts. If you want to see the chain fixed, it's time to redelegate away from those who have voted against the best interests of the chain and broken their contract after work has been delivered.
As a result of the refusal of
#LUNC
validators to pay the $USTC Team for work that they delivered successfully, we will now be funding the USTC Team directly with our commissions in response to this breach of contract by validators.
If you want to fix the chain, please delegate.
A post was put on CW earlier today that revealed the personal information of many people on the L1 Team in an intimate manner. Many people have reached out asking us to delete the post on CW to protect the people affected, and we have done so.
#LUNC
#LUNCcommunity
#LuncArmy
Alright $LUNC, I know there's been concerns about me being a part of the
#USTC
repeg prop that
@RedlineDrifter
put up.
So let's do this. I'm going to pin this tweet to my profile. Got a question, comment, or concern? Toss it in under this tweet and I'll respond as I'm able.
The
#SixSamurai
team is willing to step in & continue work on the
#LUNC
community wallet & station now that
@hexxagon_io
left it to the
#LUNCCommunity
.
If we win the Q4 mandate we will collaborate with the current L1 on maintenance operations at no extra cost to
#LunaClassic
.๐ซก
In order to ensure the sustainable operation of Hexxagon, we have made the strategic decision to diversify our customer base by expanding our services to encompass the broader Cosmos ecosystem. Consequently, we will be rebranding Terra Classic Station as Galaxy Station, an
I've made a TG server for discussion around the revival of
#LUNC
- if that's something the
#LUNCCommunity
is interested in feel free to stop on by and say hello! All factions in the
#LUNCArmy
are welcome!
Wanted to take a moment away from the usual
#LUNC
chaos to wish you all a happy holidays and all the best to you and your loved ones,
#LUNCCommunity
.
What a ride it's been. Excited to see what 2024 holds.
Okay, let's try this again... I've made a NEW TG server for discussion around the revival of
#LUNC
- if that's something the
#LUNCCommunity
is interested in feel free to stop on by and say hello! All factions in the
#LUNCArmy
are welcome!
Communities evolve and so too must the
#TerraClassic
Commonwealth. As the CW has grown, so has the need for these changes to it.
This community can do amazing things working together - so let's be amazing and get to work.
#LUNC
#LUNCARMY
#LUNCCOMMUNITY
๐It's time to unleash your humor and wit with our CW's Terra Classic Meme Contest 2023! Whether you're a meme lord, a crypto enthusiast, or just love a good laugh, this contest is for you. Let's start 2024 on a fun note. The winner gets 1M LUNC!๐
If you want to contribute to Cosmos SDK itself, you can freely do so without KYCing and can be an anon defi developer.
Mandatory KYC on
#LUNC
will never secure the chain because
#LUNC
runs on Cosmos SDK.
Any honest and worthwhile developer would never try to say otherwise.
Does the
#LUNCCcommunity
want to build a multibillion dollar decentralized economy focused around $USTC and other Terra Stables or do they want to keep spending weeks of their lives fighting over an ever dwindling Community Pool?
We're not going to get anywhere as a chain if we continue to spread hatred and division and constantly attack each other. Whoever did this to
@drlocums
, stop harassing her because we all lose when you do these kinds of harmful things. You need to do better.
#LUNC
#LUNCCommunity
The
#SixSamurai
team is willing to step in & continue work on the
#LUNC
community wallet & station now that
@hexxagon_io
left it to the
#LUNCCommunity
.
If we win the Q4 mandate we will collaborate with the current L1 on maintenance operations at no extra cost to
#LunaClassic
.๐ซก
@TheVinhNguyen4
@edk208
@HappyCatKripto
If you want to have a CW for Terra Classic, by all means please go ahead and make your own and see if the community engages with it. Do not try to use governance in an attempt to steal the one that I have made for the community.
@RabbiJebediah
@ColeStrathclyde
@HappyCatKripto
Correct.
@ColeStrathclyde
if we got in to do the work we wouldn't rush upgrades that break the network just to meet arbitrary deadlines so that we can try and justify more funding for the next quarter.
The integrity of the ecosystem comes first.
@frag_dude
Speaking for Nova specifically at this time, I'm thinking that both LUNC and USTC will be sent to fund the USTC Team, until they are funded the required amount in fiat. Anything after that requirement is met I will use to cover operating costs, and then I'll burn the remainder.
Iโm looking to do a pseudo AMA on the Terra Classic Agora tomorrow with our proposed L1 Dev team so the
#LUNC
community can get more familiar with them and better understand our capabilities.
@ForTheCross_CH
Uh huh. You don't speak for the community nor do you speak for the chain. You only speak for yourself. Take it from another validator. I'm coming for your delegators.
@TerracVita
Counterpoint: No team is going to entertain a chain where release of funds is at the whims of validators' egos. You can't argue professionalism when you don't pay what is owed for work that has been completed.
All I see are excuses and reasons for people to redelegate from you.
@TheVinhNguyen4
I was actually looking at these repos earlier today, is classic-bindings intended to replace terra-cosmwasm?
We should really be coordinating on these efforts because I've already been starting collaboration with
@Genuine__Labs
and Astroport devs on getting the contracts updated
@drlocums
@urbanfoxtc
I've been pushing for Alliance Modules since April for the Q2 proposal and have been consistently stonewalled by hateful narratives and motivated agendas against me from multiple people in "positions of power" in the community the entire time ๐คทโโ๏ธ-
PLEASE Don't spam the link in other servers so that the server doesn't get reported for spam and deleted by Telegram, that's not how we want to be growing the server! Real organic growth is the way!๐
@froggirlpho
@NovaValidator
Please consider giving
@BullBoss5
some love and delegations too, he started the USTC Burn initiative - shout out to him and the other validators adopting this for doing what they can to help out with the repeg ๐ฅ
Hey
@luncburnarmy
could you link me to the impact analysis that was done for the upgrade to Cosmwasm v1.0.0 to assess effect on migrating L2 wasm contracts from 0.16.6 from Q1? I'd like to give it a read but I can't find it anywhere. Thank you for helping the
#LUNC
community.
Hey $LUNC community,
@ClassyCrypto_
is refusing to remake his validator even though
@gadikian
has shown that his validator seed phrase is compromised. He's trying to keep this quiet because he wants to keep his top ten VP validator.
Should he remake his compromised validator?
@Switch1775
@NovaValidator
No need to apologize for pointing out my error Switch. Things happen. I'm not perfect, I'm human, and I have no problem owning my mistakes. Everyone makes mistakes. It's what you do when those mistakes inevitably happen that matters.
Thanks for the support. ๐ฅ
@TheVinhNguyen4
@edk208
@HappyCatKripto
I will not support the precedent HCC is trying to set with his prop, regardless of validators passing it. I am sure he will scream about it in his latest video about me being a bad actor yet again as I continue work on fixing the chain, but this overreach of governance won't fly.
@KandisProtocol
@LUNCbanned
@faffyswap
@RedlineDrifter
@4lex_4sh4w
We were discussing this earlier today for the whitepaper. We've always known that it was time to revisit the DEX concept because of the reasons you've outlined, and it's very encouraging to hear the community organically reaching the same conclusions on their own.
Hey
@wrapped_dday
@gadikian
, is Classy exposing his $LUNC delegators, other validators, and the entire Terra Classic chain to dramatic systemic risk and contagion by refusing to remake his validator even though he knows that Allnodes controls his validator seed phrase?
@DRiechelmann
@Ax_Consortium
@Crypto_Logic85
@RedlineDrifter
It can be a distraction yes. That said, it hasn't stopped us from getting 43 pages of the Terra Classic Revival Whitepaper completed (and counting) as well as an initial version of the Buy Back Protocol implemented in the terra_algo_backtest tool ๐ซก
@SolidVote
@danny_demi_defi
@maddog43139
@frag_dude
@Allnodes
OBJECTION! Stating that there is zero progress is a completely false premise that has no backing in reality.
We have already released a report of the Buy Back Protocol to the community that can be viewed for weeks now and have been improving on it since:
@drlocums
It's definitely a valid tactic, but it's not one that you utilized here. We had the report planned for this week anyways because we do our deliverables based on our own internal timelines and how we think we can deliver value to the chain, not based on what you tweet about us. ๐ค
@TheVinhNguyen4
@edk208
@HappyCatKripto
HCC's proposal is not enforceable even if the validators would really like it to be. Ed never reached out to either of the admins about transferring his adminship to you, nor have you reached out to us about the matter either. I have removed your adminship accordingly.
@drlocums
@NovaValidator
The validator being tombstoned doesn't mean Nova dies. All we have to do is make a new validator ๐คทโโ๏ธ have fun with your perceived win in this one sided hate fest you have going on though - meanwhile delegators funds and chain security is impacted but yeah, you won Doc. Go you ๐ฅ
@RedlineDrifter
Alright $LUNC, gotta get some sleep to prepare for the parity chain upgrade tomorrow, feel free to keep the questions, comments, and concerns coming in and I'll answer them as I'm able after the parity upgrade tomorrow. Thanks for the discussion so far and good night everyone!
@frag_dude
"One has a moral responsibility to disobey unjust laws." ~ Martin Luther King, Jr.
Apply that thinking to a blockchain context and you'll see why I do not support HCC and validators trying to forcefully take the CW via governance.
Frag, HCC has it out for me and he always has.
@TheVinhNguyen4
@Genuine__Labs
Or you could have just reached out and asked? There is not a single software company I have *ever* consulted with where that type of excuse would fly.
All you've gotta do is talk to me man.
@frag_dude
@4lex_4sh4w
@RedlineDrifter
@R0STRUM
I'm listening to you and am looking to understand here.
You're saying that in current conditions turning on the MM would allow for burning of USTC but as a result $1 worth of LUNC (at current prices) would be minted for every 1 USTC that's bought and burnt, do I have right?
@HappyCatKripto
It would really be great if as a community we could get to a point where you all would stop talking *about* me, and started talking *with* me. If you did you might just find out that I'm actually not all that bad and that we want the exact same things for the chain.
@frag_dude
@AltUteX
@TheVinhNguyen4
@LUNCbanned
@NovaValidator
I actually blame the design of Cosmos on this more then I blame Horcrux here, although both could be improved. Cosmos needs saner defaults.
Yes I made a mistake and I own that, but these mistakes can also be made impossible by design. That seems like a discussion worth having.
@TheVinhNguyen4
@edk208
@HappyCatKripto
Some advice for you as the new "L1 Lead" - don't try to mount a hostile takeover of something that someone else has put effort into for the community in a manner that centralizes the chain under the L1 further without even talking with the people you're trying to take from.
@ColeStrathclyde
@XarddOfficial
This will take a couple tweets:
1. Code review of releases shouldn't be done only by validators, it should be done by *everyone*. The entire premise for your whole statement is fundamentally flawed.
Chain safety isn't the L1's responsibility. It's everyone's responsibility.
@ColeStrathclyde
Migrating contracts is our next step - you and I both know that'll be a more involved process. Right now this is us getting the frontend / API / GraphQL endpoints up so that people can still access Astroport when they follow through on their sunsetting of support for Classic
@RabbiJebediah
@MarktMatts
@LUNCbanned
@Lunc_DnC
Bounties. Community Subpools. L1 Protocol level. Conditional releases of funds from pools based on predefined conditions. Terra Allies put forth a potential solution to the accountability problem in their Q3 L1 bid. Perhaps it's time to revisit that discussion.
@shussainabbas
@hexxagon_io
I mean, I want to do that but unfortunately that type of working relationship kinda flew out the window when validators tried to rugpull the Quant Team for their second payment after they had already completed their work and delivered it to the community. ๐คทโโ๏ธ
@frag_dude
@RedlineDrifter
So it's not really about blindly hating TGF. Or L1. It's about fighting centralization and dishonesty where it's seen and can be verified. If the behaviour changes and the issues go away, you'll find I'm pretty easy to work with. All I want is for us to stick to defi principles.
@ColeStrathclyde
@hexxagon_io
As for Hexxagon hosting the front-end, I must have missed that - it's inevitable that we'll see more front-ends emerge and differentiate themselves over time though. I don't see that as an inherently bad thing, just seems kinda par for the course for how this chain works.
@jaygigahash
@frag_dude
@R0STRUM
Because if you have a Market Module that has 2,000 SDR base pools in it like Frag is proposing then arbitrageurs can manipulate the Spread Fee levied by the Market Module and infinitely mint LUNC regardless of any "daily mint limit" and drain all liquidity out of the protocol.
@cryptoorchidz
@TerracVita
Yeah it's absolutely mind boggingly to read. "We couldn't vote from Station because of the hack" -
Uhh... vote from your validator nodes...? It's what I do every time I want to vote on a proposal? Station being down isn't an excuse or a justifiable reason for a validator.
@drlocums
Not what I was saying at all, but if that's going to be your takeaway regardless of what I said then I can't really stop you from having it I guess.
๐คทโโ๏ธ
@Ax_Consortium
@WritingAtom
@maddog43139
@ForTheCross_CH
It's not a misinformation campaign because I'm providing evidence, and people redelegating is their choice. You can't look at the data and argue "CT decided" when 86.75889328% of the "No" vote is from HCC. All he needed was an "Abstain" and he got it from Afzal.
@ClayBro883
@danny_demi_defi
@StevenJ43940726
I encourage you to go read the original proposals again. It's clear you're operating off of fundamentally wrong assumptions about the original scope of work that was proposed, and are coming at us for your own misunderstanding.
Report was first step.
CEXes are the next step.
@frag_dude
@_AndrewKerslake
It's a win for decentralization of the chain if he makes his own "HCC" CW. The fact we have to have this discussion and that you have to be apologizing to me for someone else trying to steal something from me is such a ludicrous situation all around ๐ let's just all do better