Dungeon has successfully deployed the very first DeFi DEX on the Cosmos Hub!!! Juicy APRs!! We look forward to hearing about the potential of liquidity deployments from @0xMagmar and the rest of the $ATOM community. Also, please delegate to Crypto Dungeon Validator if you want to say thank you and encourage more building!!
https://t.co/rCg4W4rbvw
Dungeon Castle goes live tomorrow.
Stake DRAGUU. Build rooms. Raid castles. Descend 12 floors for up to 100x rewards.
Burn $DGN to earn DRAGUU β early burners get the best rate.
March 20 Β· 17:00 UTC
https://t.co/KASX2fQB88
#DungeonGames#DGN
Good Morning Dragons! πβ¨
Another day to build, level up, and push this entire Web3 gaming world forward. The dungeon fires are burning hot β letβs make today count. πͺπ₯
Whoβs awake and ready to conquer? πβ¨
π Migaloo Chain Sunset & Asset Recovery Plan
Migaloo, as we know it today, will be coming to an end in the next few days. With the validator set now reduced to a few operators, weβre moving forward with a final, controlled shutdown of the network that ensures no user assets are lost.
Below is the bare-bones plan, outlining the steps weβre taking to preserve funds and provide a path for recovery.
1. Final Snapshot Taken
We have already taken a full chain snapshot, capturing all balances and contract-held assets.
This snapshot is the reference point for the recovery process.
2. Hard Fork to Consolidate All Assets
Within the next few days, we will perform a hard fork of Migaloo.
During this upgrade:
All remaining assets across the networkβnative balances, contract balances, and unclaimed fundsβwill be consolidated into a single recovery wallet.
This ensures that no tokens remain stranded in contracts when the chain shuts down.
3. Re-Establish IBC Connections
After the fork, governance proposals will be issued to reopen IBC channels from the forked Migaloo chain to:
Osmosis
Terra
Noble
These channels will allow the consolidated assets to be sent back to their appropriate home chains.
4. Asset Migration & Final Shutdown
Once the new IBC paths are active: All assets in the recovery wallet will be transferred out of the forked Migaloo chain.
After the transfers are confirmed, the chain will be fully shut down and all infrastructure will be turned off.
At that point, Migaloo will officially cease operations.
5. Community Transparency
To ensure clarity and trust, we will publish a public spreadsheet listing all outstanding assets captured in the snapshot, along with their associated addresses.
This will allow every community member to verify the data and confirm what they are entitled to recover.
Thank you to all participants.
Migaloo had an incredible run, and we want to end it responsibly.
This plan ensures user assets are preserved and recoverable, even as the chain sunsets.
More updates will follow as each step is completed.
π΄ββ οΈπ«‘
Anyone wondering about the state of the Cosmos ecosystem NEEDS to read this article. As someone who tries to research and study, I learned a tonne from this!!