Handover Plan
Hey guys,
We already heard from Chris on spaces. I think we need a proper handover plan so we can smoothly transition to community ownership.
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Terra Agora
Terra Agora
Discussion
Governance
Welcome to Terra’s Research Forum. You need to hold 5 LUNA in a Terra wallet to post. To get alerts, follow @terra_agora on Twitter or Telegram.
Overview
Topic
Recent threads
1. General
28 Threads
This category is for the community to discuss general questions related to the Terra Blockchain or governance. <Hold 1 LUNA to post>
DEFI/Community game on Terra/Discord
Premise:
Obviously at the moment there are more important things for Terra, we are trying to outline the new organizational chart and the new life on Terra, we are at a reset however from the proposal that was made, I can say that we are in good hands, now I move on to my idea of game, which could exploit Terra and bring new lifeblood, both as users and community, i just ask you to read carefully to understand the dynamics and what I thought and the possible potential. Thank you
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2. Governance and Proposals
105 Threads
This category is for discussions on Governance (on and off-chain), Proposals and distributing resources (treasury). <Hold 5 LUNA to post>
Phoenix Directive - Terra Recovery Proposal
Phoenix Directive - Terra Recovery Proposal
On July 30, 2024, the Terra blockchain was the target of a malicious attack exploiting a vulnerability in IBC-Hooks. This vulnerability, reported in April as ASA-2024-007: Potential Reentrancy using Timeout Callbacks in ibc-hooks was patched and released in v2.10.6 of the Terra Core.
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I fully support this proposal, we need people who know Terra, who provide stability and above all who dare, we need to dare to come back stronger
Good to see trusted members of the community on this multisig.
Assets on Terra must be rebalanced, otherwise we might as well call it quits now.
IBC Hooks exploit was made possible due to human error at TFL.
Since TFL cannot resolve the situation, the only option is this community pool spend.
Launching Terra Liquidity Alliance
The Terra Liquidity Alliance is an innovative and forward-looking initiative designed to revitalize the Terra ecosystem, offering sustainable growth, community empowerment, and enhanced liquidity provisioning. We believe this proposal represents a critical step forward and invites the Terra community to join us in realizing this vision for the future of DeFi on Terra.
Overview
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Excellent proposal, I believe that Terra without stablecoin is castrated, as if its soul is missing, perhaps we need to focus on a trusted stablecoin and give an alternative with Solid, but I notice little movement, we need to be active and work…
Will this be wstETH ibc-transferred directly from Neutron to Terra? As I recall before Neutron there was another version of wstETH in Cosmos but now the Neutron one is “canonical”, right?
3. Technical Development
9 Threads
This category is for the community to discuss technical developments and new features for the Terra protocol. <Hold 1 LUNA to post>
Account Abstraction on Station wallet.
Poll
Hello Terra fam.
At Eth Denver last month EIP-4337 was passed, enabling Account Abstraction(AA) wallets to be created without modifying the current Ethereum protocol.
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wrapped luna
SO I STILLL HAVE WLUNA ON COINBASE……pre suspension….
Wormhole luna ? why do they receive my airdrop ?
4. dApps
5 Threads
This category is for discussion relating to dApps built on the Terra network. <Hold 1 LUNA to post>
aperture.finance
Hi!
It’s anyway to recover UST from aperture.finance protocol?
Thanks!
Mirror mAssets
Hi there!
I am one of the last believer in Mirror protocol, and so I kept around 300,000 UST in liquidity pool till now. As it appear, from 28th of October, Mirror isn’t available anymore. Now, I think there is more than a reason to be sorry about for everyone in this community. I have a specific one on top of that, as I can’t retrieve nor withdraw from liquidity pools anymore. So I am asking to the Community a wishful help to it!
You might still be able to get your funds out with https://terra-web-dapp.vercel.app/ (linked on the Mirror github here https://github.com/Mirror-Protocol/terra-web-dapp). The protocol is no longer being maintained, since Terra moved to the new blockchain and Band protocol ceased price feed support in August. https://twitter.com/mirror_protocol/status/1559054415738605568
5. Staking
6 Threads
This category is for discussion relating to delegation and validation of the Terra network <Hold 1 LUNA to post>
can not undelegate because validator is inactive
Hello,
I have delegated (or staked) my LUNA to validator ‘Long Live Luna’.
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I’m start to think theses developers and delegations are here to make money first, rather than save lunac, why I’m saying that? take a look at terra staion it still up copy users wallet and steal their funds they know about that and yet they doesn’t block or take it down the site, I posted a discussion pointing this fact and the address stealing the funds I suggested to freeze the address link to the heist and they deleted my post, or they don’t care if you lose all your asset, or they’re complicity in it. one or the other, the address I’m referring to is the following (https://finder.station.money/classic/address/terra1vm8ak78tt2ktwmq8le03kqk0g5qvey8scy8rzy) I tried to unstake and due to much changes in “upgrates” wallet I ended up using terra station and lost all my found I tried to contact support team here they just ignored me, you draw your own conclusions…but to much red flags for me to think is just coincidence.
Probably, yeah. Can't hurt to try ctrl+shift+R. Looking forward to a proper fix though!
6. Ideas & Suggestions
17 Threads
This category is for discussing existing features of the Terra Blockchain and for sharing ideas. <Hold 1 LUNA to post>
SIM telephone TERRA - Rechargeable
Good evening, I take the liberty of exposing an idea and I would be happy to know your opinions and I would like to bring it to the attention of the team…
-Terra2.0’s line is quite clear and precise, it has decided to focus on web3.0, multichain and focuses above all on developers, I think it is quite clear, deviating a bit on a point that I consider fundamental, payments, the pure defi, of the average user…
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I fully agree, it is more difficult for legal and bureaucratic reasons, but I noticed that there is only your comment, unfortunately the community is small
Diving into regulatory waters, especially regarding money transfers, payments, and other financial services, presents substantial risks. Due to their accountability to various stakeholders, publicly traded companies must adhere to a stringent regulatory framework to maintain their operating licenses. The proposed SIM-based solution, although ambitious, could potentially attract regulatory scrutiny that may not only jeopardize the operating license but also the reputation of the involved entities.
On a more pragmatic note, leveraging existing platforms such as app stores could be a viable initial step. By creating an app, where users can log in via Terra Station in a web3 environment, we can introduce users to Terra's ecosystem in a more controlled, yet innovative manner. This approach allows for a gradual introduction of users to decentralized financial services, with a lesser degree of regulatory risk compared to the SIM-based model.
The app store avenue also enables the team to focus on creating a user-friendly interface, thus ensuring simplicity for the average user as your proposal highlights. Moreover, this approach provides a framework where adherence to regulatory standards can be more easily managed and adjusted as needed.
RWA on Terra - MVP
Hello Terra community, how are you?
I introduce myself, my name is Michel and I am co-founder of IPE ASSETS.
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I forgot to mention your example, Achor.
The NFT market that represents PROPERTY is more difficult to sell.
Achor is DeFi, you lock capital and unlock capital whenever you want.
With NFTs you don't have this liquidity, you don't lock the Token and receive profits.
Liquidity occurs when selling your token. In a market with little experience of the "real world" regarding accounting complications, climate, energy contracts, etc.
As long as you hold, you receive the income from the operation.
We are structuring an operation with Business Investors to buy back tokens.
Where immediate liquidity occurs at $18 and the NFT returns to sale for $25. Market maker.
These are companies that already carry out this type of transaction in the traditional model and are learning about Blockchain.
Thank you for your considerations!
Item 1: Yes, I agree with you on that statement. In my daily life, these statements make a difference when negotiating the sale of quotas. Mainly because my clients can use these investments to acquire certifications and comply with government demands. I could go on at length on this point, but I believe that if everyone researches a little about carbon offsetting they will find vast material.
Item 2:
Yes, definitely!
Understand, the risk of the operation is climatic. Hypothetical example, we have an NFT collection called ALPHA, it is in the North of Brazil. And we have another collection called BETA, installed in the SOUTH of Brazil. Historically speaking, in the south of Brazil every X years we suffer from a phenomenon called El Niño, a lot of rain, consequently this year energy production is affected and profitability should not reach 15% p.a. No sun, no production!
Strategically, plants in the SOUTH have more attractive energy contracts because there is a greater concentration of industries, and in the North the solar incidence is MUCH HIGHER, but commercialization is more difficult, there is a lack of consumers...
And profitability is calculated based on historical climate and georeferencing data.
When the plant comes into operation, the production monitoring link is shared with investors, and there they make a simple calculation.
EXAMPLE
Production: 1800 kWh/month
kWh price: 0.64 / kWh
R$ 1,152.00
R$ 1,152.00 / 5 (Dollar) = $ 230
Item 3: OK.
Item 4: Well, we are really the first. And we are proud of this, because our competitors used speculative business models. And we didn’t agree with this type of approach!
While our competitors raised a lot of funds through speculation, we continued to grow slowly but sustainably.
We didn't reinvent the wheel, we just used blockchain as a tool. If something happens to the blockchain, our operation will not stop, and in a maximum of 1 or 2 months we can resolve any problem regarding the distribution of income.
Understand, these are key words to really attract attention.
But it doesn't change the facts!
In October our 3rd plant comes into operation, the local energy company is building the infrastructure to receive the connection from the plant... And in October, next month the Genesis collection completes 1 year of operation, the data is in Docs...
Item 5: It is good practice for companies that manage assets to report to customers. It also occurs in banking institutions or those listed on the stock exchange.
Blockchain is a quota payment and management tool, where quotas can be traded without borders and for a much more affordable price than if I needed to use the registry office. As shown in the image I pasted on the forum.
An ownership transfer can take up to 45 days to be confirmed.
Item 6: Yes, 98% of my clients are from the traditional market and are still adapting to the crypto market.
Another point to consider, this investment is different from what the crypto market is used to. It is not dynamic, the focus is retirement. Use the balance to purchase new shares, or withdraw.
Crypto investors don't seem to have a long-term strategy, even long term... And I don't judge, most of those here study a lot to catch high asymmetries, it's not in our business model that you will find asymmetries.
However, as we are regulated, if something bad happens to our company, the government liquidates the assets to pay all investors/holders.
This business model is completely legacy.
In Brazil, investors guaranteed their retirements and that of future generations with this business model.
See, in operation since 1908, today it is also a tourist attraction:
With programmed downtime.
Item 7: Great!
Item 8: We have already built it at Polygon, and for now we will continue there if other chains do not present simple forms such as account abstraction.
For my clients in the traditional market, creating crypto wallets is not a simple activity.
RWA is a paradigm shift for the crypto market!
We are under the law of the traditional market, if we receive legal orders to block the transfer of funds to a client with problems, I will have to execute it! I will need to move this address to a temporary blacklist and retain the funds until the court order releases the individual.
This is something totally different from what we are used to, auditing smart contracts and believing in the code...
But at the stage we are at, I understand RWA as capital input for the chains. And I will continue working to build more and more plants!
When the crypto world is ready for this type of investment I will reach out to more blockchains.
However, I am fully aware now more than when we started (April, 2022) that those who are here now prefer high asymmetries.
Thank you very much for your considerations!
I'm happy to talk about the subject, because I'm from the cryptographic world but my partners aren't and we have these discussions every day!
Regards!!
7. Emergency Builder's Allocation Quarterly Updates
52 Threads
Updates from the recipients of the Emergency Builder's Allocation Recipients
Pavo — Emergency Builders Allocation Update
- Who are we?
Pavo is a platform built by LUNAtics. It helps users better manage their digital assets.
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SCV — Emergency Builders Allocation Update
- Who are we?
SCV is a security firm of security researchers and old-school hackers with expertises in various technologies and ecosystems. We do hacking and security for a living. We are absolutely passionate about security and helping the community.
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