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FatManTerra's profile
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@FatManTerra

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FatMan

@FatManTerra

FatMan from the Terra Research Forum I provide research, updates, and analysis on the Terra situation as it unfolds. Views are my own opinions.

fatmanterra.eth
Joined May 2022

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    1. FatMan‏ @FatManTerra May 19

      I don't know why more people aren't talking about this. 1. A proposal is made to burn 1.4B UST from the Community Pool (this would reduce UST liabilities by 11%) 2. The vote passes via LUNA governance 3. The proposal disappears... Is governance even real? https://agora.terra.money/t/burn-the-remaining-ust-in-the-community-pool-cross-chain-liquidity-incentive-ust/6837 …pic.twitter.com/QvUkpNzqpA

      112 replies 207 retweets 676 likes
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    2. FatMan‏ @FatManTerra May 19

      Not an accusation - I want someone from TFL to explain what happened - they are silent. Proposals that pass do not just disappear or throw a 'failed' error. What happened here? Does someone have control over governance beyond validators? Can passed proposals just be ignored?

      23 replies 33 retweets 225 likes
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      FatMan‏ @FatManTerra May 19

      We have some new information. The proposal failed because the UST amount was incorrect (a withdrawal happened between then and now). A UI bug occurred due to the rarity of passed but failed proposals. Let's see what happens next - maybe someone will propose it again?pic.twitter.com/U0ljHZgBOz

      12:53 PM - 19 May 2022
      • 18 Retweets
      • 123 Likes
      • Sugiarto niablol Octaneevade Scottrick Lu Bountyck Bradley Martin Trace Cloveir Antonio Itz Ridge 🐂
      15 replies 18 retweets 123 likes
        1. FatMan‏ @FatManTerra May 19

          Thoughts: - The proposal disappearing, although initially worrying, is now not shady at all after a satisfactory explanation - Even devs being paid $1m a month can make simple UI mistakes - I feel like TFL communication & speed could be improved greatly across the board

          21 replies 12 retweets 159 likes
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        1. 𝑴. 𝑾𝒂𝒒𝒂𝒔 𝑨.‏ @Mwaqasaz May 19
          Replying to @FatManTerra

          So its going to execute now ? They will do after adjustment?

          0 replies 0 retweets 2 likes
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        1. II_Levanter_II‏ @IiLevanter May 19
          Replying to @FatManTerra

          Perhaps the person who made the proposal the first time can reformulate with the new amount? Also,what happens if the amount changes again? There must be a way to get it done no matter the amount

          0 replies 0 retweets 3 likes
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        1. RuinedbyUST‏ @_mkultra322 May 19
          Replying to @FatManTerra

          It would have been as easy as just proposing to burn all UST in the community pool, without specifying amount. Maybe a proposal to make people believe that there was a plan?

          0 replies 0 retweets 0 likes
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        1. British Baby Doge Fan  🇬🇧‏ @BabyDogeFan2 May 19
          Replying to @FatManTerra

          I imagine regardless of the adjustments it will conveniently fail again

          0 replies 0 retweets 0 likes
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        1. 0x010101‏ @0x0101013 May 19
          Replying to @FatManTerra

          The amount should be set to whatever is in the community account instead of an exact number for these reasons 🤡

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        1. Terra x Mamba‏ @GalacticGoat24 May 19
          Replying to @FatManTerra

          I'm tired of seeing otherwise passing proposals invalidated on technicalities. Same thing happened in $JUNO with Prop 16. How can this be avoided in the future? Saying "100% of the UST" instead of the exact number? A situation like this shouldn't have to start over from scratch.

          0 replies 0 retweets 1 like
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        1. Jay Freed‏ @achainofblocks May 19
          Replying to @FatManTerra

          Extremely shady, how come no mention of this until after passing?

          0 replies 0 retweets 1 like
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        1. Reasonable Truth  ❌‏ @FoodA0808188824 May 19
          Replying to @FatManTerra

          What they did not check?? Anyone not see a pattern here.

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        1. Alesi Sanchez‏ @77alesi May 19
          Replying to @FatManTerra

          This is still some shady bs, as the error is relatively minor. The intent and success of the vote is clear.

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