@sorinmask@Cephii1 I havenโt been here since the beginning (which is probably a good thing) This is just what Iโve gathered in the last 45min or so.
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1/ It is unbelievable seeing the broader community getting hit hard from the FTX situation. My thoughts and prayers go out to the victims of this latest tragedy.
For the Lunc community, there have been questions about the multi-sig and funding in general. Hereโs what I know.
This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire https://t.co/BGtFlCmLXB and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
There is a lot to cover and will take some time. This is a highly dynamic situation, and we are assessing the situation in real time. Binance has the discretion to pull out from the deal at any time. We expect FTT to be highly volatile in the coming days as things develop.
I support @edk208 grants program proposal. #LUNC is truly blessed to have Ed and the @TerraRebels relentless effort to support the #LUNCcommunity and push the Classic chain forward.
As a follow up to the agora discussion on a grants program, I have made a community spend proposal to kickstart this effort. Please vote on governance prop 8813. A temporary website is up here, https://t.co/k2Sdz1J9Lt
With the help of @gadikian and @osmosis the code to reopen IBC is here.
Thank you for your hard work and countless hours of effort to fixing what was abandoned.