1/ We have published an amendment to Proposal 1623, incorporating the community’s feedback since its publication 2 days ago. Please see below for details 👇
agora.terra.money
agora.terra.money
2/ There are 3 revisions included in this amendment 🧵:
3/ 1. Increasing genesis liquidity:
For pre-attack $aUST holders, post-attack $LUNA holders, & post-attack $UST holders, the initial liquidity parameters have been modified from 15% to 30% to increase token supply at launch & mitigate future inflationary pressures.
For pre-attack $aUST holders, post-attack $LUNA holders, & post-attack $UST holders, the initial liquidity parameters have been modified from 15% to 30% to increase token supply at launch & mitigate future inflationary pressures.
4/ 2. Introducing a new liquidity profile for pre-attack $LUNA holders:
Wallets with < 10k $LUNA will have the same genesis liquidity as the above groups (i.e., 30% unlocked at launch), & have the remaining 70% vested over 2 years with a 6 month cliff.
Wallets with < 10k $LUNA will have the same genesis liquidity as the above groups (i.e., 30% unlocked at launch), & have the remaining 70% vested over 2 years with a 6 month cliff.
5/ Introducing this new liquidity profile ensures that small $LUNA holders have similar initial liquidity profiles. This would cover 99.81% of $LUNA wallets while only representing 6.45% of total $LUNA at the Pre-attack snapshot.
6/ 3. Decreasing distribution to post-attack $UST holders:
The allocation for post-attack $UST holders has decreased from 20% to 15% to ensure the de-peg related allocation is on par with the original stakeholder (pre-attack $LUNA) allocation.
The allocation for post-attack $UST holders has decreased from 20% to 15% to ensure the de-peg related allocation is on par with the original stakeholder (pre-attack $LUNA) allocation.
7/ The residual 5% change from decreasing the distribution to post-attack $UST holders will be allocated to the community pool.
8/ Voting on Prop 1623 ends in 5 days.
Please review these amendments and cast your votes if you haven’t yet voted. 🗳️
If you’ve already voted & disagree with these revisions, please vote “No”. 👇
station.terra.money
Please review these amendments and cast your votes if you haven’t yet voted. 🗳️
If you’ve already voted & disagree with these revisions, please vote “No”. 👇
station.terra.money
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