With the current status of #Terra, I suspect some things are going to start to break. Not everything functions automatically. Some apps we are used to require actual humans pressing buttons. A few tips to preserve what you can:
🧵
(will add to the thread as I find new stuff)
💛🚨IMPORTANT SURVIVAL MESSAGE🛰️💛
Do you think Lunar Assistant i.e. Lunar-Link is an invaluable tool for NFTs on Terra?
Should we stay live?
If your answer is YES, please retweet, tag friends and show support for including us in the Emergency Allocation. (Chart down below)
Looking to add to your #DAO#governance toolkit?
@raphbaph has just what you need. Check out his takes on #DAOs, governance, tools, data, + more 👇👇👇
https://t.co/LAnCwyecXp
I'm waiting for approval from our lawyers to post the legal summary thread, but in the meantime here's a good read from @numair posted on Agora. It gives you a solid picture of what's about to happen next. https://t.co/Wn9GnmVQor
What about the assets under the control of TFL? Did they not acquire a load of $CVX $CRV tokens? Could those strategic assets also be used to compensate the community?
1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets:
· 80,394 $BTC
· 39,914 $BNB
· 26,281,671 $USDT
· 23,555,590 $USDC
· 1,973,554 $AVAX
· 697,344 $UST
· 1,691,261 $LUNA
1/n Ponzi is used liberally in crypto without much rigor. When you call everything a ponzi a boy cried world effect kicks in and you miss real ponzis
Let’s unpack that so we can be more vigilant and understand what is and is not one…
something to keep in mind...
a "chain bankruptcy" or "DAO bankruptcy" has never happened before
intuitions of fairness might not align with law
law might be unclear
there could be years of litigation, some of it potentially groundbreaking re: (shortcut phrase) "cryptolaw"
given @cz_binance 's obvious displeasure with Terra and @stablekwon 's silence so far on fate of the LFG BTC reserve, if this article is true it would not surprise me if Binance has frozen the BTC it allegedly received
@cz_binance care to comment?
https://t.co/haOFqnJBTV
With the current status of #Terra, I suspect some things are going to start to break. Not everything functions automatically. Some apps we are used to require actual humans pressing buttons. A few tips to preserve what you can:
🧵
(will add to the thread as I find new stuff)
5. Select bETH manually or enter its token address: terra1u5szg038ur9kzuular3cae8hq6q5rk5u27tuvz
(This UI refers to webETH as bETH because nothing is ever simple)
6. Connect with your Ethereum wallet to receive the tokens.
2. Go to @wormholecrypto's Portal bridge.
https://t.co/VQDJlGLmdE
3. Select Terra as the Source and Ethereum as the Target.
4. Connect with you Terra wallet.