Do Kwon 🌕
@stablekwon
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#Luna 🌕
Singapore
Joined August 2011
1/ A third party audit of LFG and TFL's peg defense activity during May 2022 has been published:
1/ Today, LFG releases the technical audit report conducted by JS Held, an experienced third-party auditing firm, providing full transparency into the trading, blockchain records, and efforts of LFG and TFL to defend the price of TerraUSD ($UST) between May 8th & May 12th, 2022.
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if you make your blockchain into a bundle of contracts with "constitutions" etc., govts/courts/law enforcement will treat them accordingly--immutability is not legal cryptosystems are best treated as people opting out of a rights/duties regime into a powers/incentives regime
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🎉 Announcing: Skip is now live on Terra2! Fun fact! Skip was founded at a Terra hackerhouse in May. This is not the *same* Terra, but we're thrilled to come full circle and bring Skip to the Terra2 validators and community 🚀 How to get started 👇
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Genesis, a lending firm, “bought” $1b of UST from LFG in April. This UST was sold into the Curve pool during the early morning hours on Sunday (May 8th), initiating the depeg The answer to who attacked UST will be found on the Genesis lending book https://t.co/eER09dpzhK
nytimes.com
Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.
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This is fairly public knowledge at this point, but the large currency contraction that UST went through in Feb 2021 was started by Alameda, when they sold 500mm UST in minutes to drain its curve pools during the MIM crisis
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Another question: Alameda borrowed 9 figures in bitcoin from Voyager (public bankruptcy filings) on depeg dates, and asked other large firms to borrow more (10 figs) - what this was used for needs to become public knowledge (Short btc to handicap lfg reserves?)
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I think the time has come for @GenesisTrading to reveal if they provided the $1B UST shortly before the crash to SBF or Alameda - the purchase from LFG was represented as stemming from “interest to participate in the Terra Defi ecosystem” - not to provide ammo for a peg attack
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Help us build the NEW TERRADASH using our newly curated Terra Phoenix data 🤩 Everything from staking rewards, to swaps, governance, and nft sales are now labeled and ready to show off in a dazzling new dashboard. The data is live on @flipsidecrypto. 👇Bounty deets below
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The original Terradash was epic. A dozen of the best analysts in the space, working with each other to produce comprehensive ecosystem metrics, updating with @flipsidecrypto data in near-real time It wasn't unveiled to the public before the crash Time to run it back
Help us build the NEW TERRADASH using our newly curated Terra Phoenix data 🤩 Everything from staking rewards, to swaps, governance, and nft sales are now labeled and ready to show off in a dazzling new dashboard. The data is live on @flipsidecrypto. 👇Bounty deets below
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Do you feel it my friends? 👀 The Terra FUD is dying, all allegations have been proven wrong. Terra regains credibility by the day in the eyes of the public opinion. Let's rebuild this #DeFi gem and its community to its former glory 🌕 $LUNA $LUNC
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The world still needs a scalable and truly decentralized stablecoin. UST collapse shouldn’t distract us from this.
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Strike 2 👍
Seoul court rejects prosecution’s move to detain Terraform Labs execs: Yonhap https://t.co/E2kW7H09b2
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Today, history has been made! 🔥🔥🔥 TFM became the first protocol with native proprietary DEX and NFT aggregation anywhere on web3, and we did it on Terra $LUNA blockchain 🌖 Buy NFTs from multiple marketplaces all from one terminal 🙌 Try now 👉 https://t.co/nBYi6Y8n67 🧵👇
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Coinhall just launched 👉 @TerraWhaleAlert! We built a Whale Watcher for the community to be able to track all large token transfers (and more to come - i.e., swaps, delegations/mint & burns) on Terra.
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1/7 Low liquidity on CEX orderbook = bad 🙅 Low liquidity on TFM orderbook = no problem 🙆♀️ Find out how pro traders can profit from TFM limit orders and how this DeFi lego could pull $LUNA liquidity on-chain 🧵👇
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Will use Seer to enable push notifications on Station
Introducing Seer: Real-time data indexing infra for the Cosmos ecosystem 👨💻⚛️ Spend more time on developing your app, leave the indexing to us! With the exponential growth happening on #Web3, quick access to data is increasingly pivotal for scalability.
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this is why solana is actually doing interesting work and writing it off as an “unsustainable alt L1” is dumb, same with Fuel or other state models that have different trade-offs.
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Acquisition campaigns are a mature strategy for Web2 apps user growth but remain an inefficient lever within Web3 today. Liquidity mining programs are costly and eventually unsustainable. With Genie, projects can now deploy highly targeted and purposeful Web3 Campaigns. 🧞
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