It was an opportunity for our community to be a part of the distribution of their token by their Community Farming.
After the consultation with the
@ApolloDAO
team where both teams set the rules, we created a
#smartcontract
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As full transparency is one of the main values for
@StarTerra_io
's team, I would like to shed light on what happened before $STT was delisted from
@ApolloDAO
.
First and foremost, the decision to cooperate with Apollo Dao was driven by our good faith and made for our community.
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It's source code was analyzed and verified by
@ApolloDAO
Team (including checksum check).
Every single transaction that required interaction with Apollo Dao
#smartcontract
was described with a MEMO.
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Transaction establishing staking contract on
@ApolloDAO
:
Description of how that transaction was submitted below, it contains init_msg parameter with value:
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It is a message that initialises a transaction, coded with
#Base64
standard. After decoding with an open-access website you can see that info:
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Note, that distribution schedule states the exact dates of $STT rewards distribution. The first two values are numbers of
@terra_money
#blockchain
blocks:
4539648 -
4553367 -
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The end date was given at rough estimate, taking under consideration the end date planned for Community Farming on
@ApolloDAO
. At that time nobody knew about Phase 2 of that event.
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Our next step was to transfer funds from the wallet with $STT allocated to staking rewards. We transferred 12k $STT to the
#smartcontract
address given above:
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At the same time
@ApolloDAO
Team was given a chart with calculated APR values. They were dependent on funds deposited in the
#smartcontract
.
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Considering the expiration of Phase 1 Community Farming
@ApolloDAO
, drying up $STT tokens given as a reward, and Apollo Dao Team's decision to open Phase 2, we decided to extend our
#smartcontract
.
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That decision was made for our community to allow investors to benefit from Phase 2 of farming and we informed the
@ApolloDAO
Team about this.
We were waiting till the last possible moment with the contract update.
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Pay attention to execute_msg
#blockchain
$STT
Value 4728809 describes the block number where the distribution schedule was estimated on 30th September 2021, and planned 84k $STT dedicated for rewards.
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Then, we transferred 84k $STT tokens from our wallet deditated for staking rewards.
The MEMO description confirms that as well.
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As security is vital for us, while
@ApolloDAO
delisted $STT from Community Farming, we decided to migrate the
#smartcontract
, withdraw funds, and update the contract config.
Deployment of updated version that allows for withdrawing $STT
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Contract migration to updated version that allows for withdrawing $STT:
Withdrawal of $STT to wallet address governed by
@StarTerra_io
, and dedicated for staking:
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The Update done in order to stop calculating rewards:
btw I know that this thread is long so here you will be able to read whole history
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