according to the lastest proposal I would like to try to clarify in this topic what happens to people who have UST in the curve 4pool in other networks (eg. Fantom) What do they need to do? Do they need to open the pool and bring the UST to the newly named “Luna Classic Networki” in order to have the airdrop? Does it have to be done before the 27th?
My understanding is that we all must tranfer to terra network.
From the proposal.
Disclaimer : Please be aware that due to technical constraints, it is not possible to include all UST and LUNA holdings on Terra and other chains in the snapshots mentioned. Assets that may not be included:
UST or LUNA bridged off of Terra
Users with bridged UST or LUNA who would like to be included in the post-attack snapshot need to bridge back to Terra before the snapshot is taken.
UST or LUNA on Terra protocols that cannot be easily identified
All protocols listed on DeFi Llama here (Terra TVL - DefiLlama ) will be covered, in addition to a few others that are known.
UST or LUNA on CW3 multi-sig contracts
Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases
Supposedly they are not going to account for them at all. Seems everything needs to be done on Terra. Even if you never used Terra before. I know many have used Anchor on Avalanche, so that’s unfortunate… not sure how they will know if it’s “pre depeg” or “post depeg” coins. They’d have to see which “0x” address bridged to the “terra” address and then see when that UST or LUNA was acquired on that EVM based chain.
Now my little deposit of luna is all on a TerraStation mainnet wallet.
However, I found it strange that I have to maintain it there to be included in the revival plan? Is this the right understanding to the plan? As I have not got any message from Binance stating that you have to transfer your luna to a TerraStation wallet! What do you think?
Another question please, If I have 250,000 luna bought recently after the attack. Can you tell me how it will be exchanged with the new luna? I mean how many new luna I will get and on which time schedule?
Yes I tried and I get your result. It should be like that. Anyway don’t take my words for granted I’m not into terra v2. I just tried to understand by myself and tried to answer your questions the best I could but I might be wrong.
Many thanks Faghe, So this is not a big investment then. It is not worthy at all. Probably better if someone invest in the new luna itself. Any idea on how much it will be offered initially? and where can we buy it? and how much it is provisioned to reach in $ after a year? I know that nothing is guaranteed but we need a trust worthy analysis that we can somehow rely upon (with some risk factor of course) rather than spending blindly.