Loans must be repaid to reduce utilisation rate.
This is the risk one get paid for through interest when lending.
It seems that “overlords” effectively pulling the rug on their chain doesn’t help with user experience or safety, and also shows two important things - decentralisation is important for DeFi!
And corporations really don’t like important things, for other people.
In light of the upcoming suspension of all deposit and withdrawal services for assets on the HECO chain by the HTX Exchange, we strongly advise FilDA Heco chain users to carry out all necessary asset withdrawals and deposits as soon as possible to avoid any losses.
FilDA will suspend HECO lending services on April 20th.
For further details of the Heco services suspension, please refer to the official announcements on the HTX website: htx.com/support/949658…
Pro Tip: Updated APRs on Astroport!
Today @astroport_fi unveiled permissionless Incentives for liquidity pools, so it's worth checking in to see what LPs have seen decent APR increases!
app.astroport.fi/pools
More info: blog.astroport.fi/post/astroport…
Good luck!
Disclaimer:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
@StationWallet@PulsarFinance New features? How about maintaining basic functionality first. Unable to swap coins on terra station at the moment. Again 🤨.
Have you seen @PulsarFinance's Proposals page, where users can request, vote for & track the progress of new features? (It's cool, check it out)
It would be even cooler if you could vote on proposals with Station 😉
Let the team know you want this! 👇
app.pulsar.finance/proposals/p/65…
@terra_money@fleece_cannon Nice that you're attending conventions and planning "exciting new projects" and stuff, while the current onchain functionality falls apart and the price of Luna continues to plummet.
Yesterday, @fleece_cannon delivered a keynote breaking down his thoughts on the future of Terra and what TFL is working on 🌕
We'll post a summary of his key points later this week, but you can listen to the full presentation here (starts at 5:40:00):
youtube.com/live/j6Vjo6t_u…
3/ ✦
Remember, Astroport, Terra, Injective, and Neutron are experimental technologies. This post is subject to and limited by the Astroport disclaimers, which you should review:
astroport.medium.com/astroport-disc…
HUSD will be delisted on Huobi and converted at a 1:1 rate to USDT.
FilDA community - please check the HUSD announcement here: huobi.com/support/en-us/…
The deposit and borrowing of HUSD will be suspended on FilDA on HECO and ESC. Withdrawal and repayment will still be possible.
@terra_money So if the reports are to be believed, you created a coin with $18 billion market cap, that can be taken down by a measly $200 million movement in 1 liquidity pool. Now you seem to be dragging the entire market down with you. Sad really.
Prop 446 to establish the emergency allocation distribution method of $LUNA to eligible teams building on Terra 2.0 has officially passed!
Read the governance proposal from @cephii1 for full details👇
agora.terra.money/discussion/533…
@terra_money Why can you no longer delegate lunc on terra classic? Yet the validators are still running for existing delegations. How can you just kill functionality on a network and then call it decentralised?
1/ Block 1 of the brand new Terra blockchain (with a chain_id of “Phoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022!
Congratulations to the #LUNAtic community on this expeditious feat of collaboration 🎉
@rovercrc Bearish. People seemed to want to sell a usd stable coin when it dropped to 80 cents, which is baffling. Also, 11 billion ust supply, yet somehow the market cap of both ust and luna is just over 1 billion. Where has the other 10 billion gone?
@terra_money Can I still delegate lunc on the classic network? Says "oops something went wrong" when I try on the mobile app, but the rewards for the luna I had previously staked are sky high atm!
@binance@cz_binance Cz misrepresents the system a bit. $1 luna is minted when $1 ust is burned. The luna price went down because people sold out, which resulted in burning $1 ust generating a large number of luna tokens. In theory that does not affect the price of luna.
.@cz_binance has written a new article about $LUNA & $UST.
He shares his views on the situation and reflects on the lessons, spillover effects, systematic risks & more👇
binance.com/en/blog/leader…
A post-mortem on everything that transpired the past week is in progress. It will be published asap.
These are tremendously difficult times for everyone affected. The feelings are still raw. Please be safe.
The strength of the #LUNAtics has been amazing. More to come.
@SetekhxQ@Lolipoplob@stablekwon The market cap for luna is now only 1.1billion dollars. How about 500 million or so from Do Kwon's pocket. He's probably made a fortune from Terra over the past few years.