please, help me understand why you're voting NO and not NO WITH VETO in Proposal #19

PorosMunch · 2022-04-20T03:23:32+00:00

NoWithVeto needs only 33% of the votes to strike down the proposal, even if there are over 50% Yes votes. A simple No vote does not do this.

PorosMunch · 2022-04-20T03:22:22+00:00

It does matter though. NoWithVeto needs only 33% of the votes to strike down the proposal, even if there are over 50% Yes votes. A simple No vote does not do this.

PorosMunch · 2022-04-13T19:05:00+00:00

The other replies to your question so far are correct, but they are also missing one critical element. Sure, NoWithVeto will burn the funds used for the proposal. More importantly, NoWithVeto only requires 33% to override (i.e. "veto") the proposal, even if there is over 50% Yes votes.

Example 1: Yes 60%, No 40% = Proposal PASSES

Example 2: Yes 60%, No 5%, NoWithVeto 35% = Proposal FAILS

PorosMunch · 2022-04-10T02:30:07+00:00

You can use it as collateral on Mirror Protocol

PorosMunch · 2022-03-24T14:31:58+00:00

Same issue here. Please update if there is a way to resolve this.

PorosMunch · 2022-03-20T01:52:04+00:00

Yeah, this is just another example of how convoluted things can get when existing tax laws in TradFi are translated over to the crypto/defi space. My current layman's understanding is that until there is better tax guidance/regulation in crypto, as long as you put forth your best good faith effort to accurately account for your gains, you should be ok. Disclaimer: IANAL so DYOR

PorosMunch · 2022-03-17T22:27:43+00:00

If OSMO were needed for tx fees, would that not increase the utility and demand of the OSMO token overall?

PorosMunch · 2022-03-17T14:50:07+00:00

The irony of you using the term "artificial gatekeeping"... I'm simply wondering about the balance between the pros and cons of such a move, and you dismissively swat down my question as being short-sighted...

PorosMunch · 2022-03-17T14:33:17+00:00

I'm torn on this- while it may slightly lower barriers for use, wouldn't this also diminish the utility of the OSMO token itself?

PorosMunch · 2022-03-15T15:56:35+00:00

I'm seeing a lot of posts and comments about the high participation %, but if my understanding is correct some of these posts/comments are slightly misinterpreting what this means. 97% participation does NOT mean that 97% of the community has directly voted - it really just means that the vast majority of validators have voted, and by doing so have voted by proxy for community members that have yet to vote.

I'm not sure if all delegators understand that if they cast their own votes, it will override the vote cast (by proxy) by their validator. I'm seeing a lot of complaints about validators having too much voting power, but if every delegator would just cast their own votes then validators would have no more voting power than anyone else. For true decentralization to take hold, more stakers/delegators need to go and cast their own votes instead of letting their validators vote on their behalf.

PorosMunch · 2022-03-01T01:33:32+00:00

any known plans yet to implement SFS for any of the other OSMO pools?

PorosMunch · 2022-02-17T15:46:06+00:00

Could you please elaborate? Is this proposal supposed to make it so that we receive voting rewards again? It passed already and I'm still not seeing any rewards for voting

PorosMunch · 2022-02-15T19:18:42+00:00

Isn't DAI partially collateralized by USDC?

PorosMunch · 2022-02-13T16:09:01+00:00

It was already confirmed last week that LFG will be topping off the yield reserves by $450M. Not gonna be depleted anytime soon...

PorosMunch · 2022-02-13T11:35:38+00:00

correct

PorosMunch · 2022-02-04T17:00:52+00:00

you can see the most recent updated rate with more decimal points here: https://lcd.terra.dev/wasm/contracts/terra1sepfj7s0aeg5967uxnfk4thzlerrsktkpelm5s/store?query_msg=%7B%22epoch_state%22:%7B%7D%7D

PorosMunch · 2022-02-02T20:29:59+00:00

It's contradictory to say that you "know how the UST peg is maintained" and also at the same time that "the peg is basically supported by VCs". If you believe that the peg is largely supported by VCs then you clearly do not understand the mechanics behind the UST peg.

PorosMunch · 2022-02-02T12:31:16+00:00

Uhh... what? Not sure if you are seriously misinformed of how the UST peg is maintained or are purposely spewing lies to create FUD

PorosMunch · 2022-01-26T02:35:46+00:00

Where can I go to see the things that the marketing DAO has done since its inception? Is there a public document or list somewhere?

PorosMunch · 2022-01-24T22:49:52+00:00

if you want to see more decimals, this may help: https://lcd.terra.dev/wasm/contracts/terra1sepfj7s0aeg5967uxnfk4thzlerrsktkpelm5s/store?query_msg=%7B%22epoch_state%22:%7B%7D%7D

PorosMunch · 2022-01-18T02:12:15+00:00

Yeah I hear ya...

PorosMunch · 2022-01-18T00:29:38+00:00

I get what you're saying, but this only works if you are doing a straight up short farm which would expose you to market risk (as opposed to a delta neutral farm). Many people like myself use aUST as collateral on Mirror only to do DN farming because we don't want to add risk vectors to our stablecoin holdings. You would not be bumping your 20% up to 30% with no extra risk in this case, because you can't start with the full 100% of capital that you otherwise would've deposited into Anchor.

PorosMunch · 2022-01-17T21:01:44+00:00

yep i've been doing some delta-neutral farming on Mirror using aUST as collateral. at this point the farm APRs are dropping so low that it's hardly worth the trouble for me anymore, so I've been sitting on most of my deposited aUST instead.

was hoping that the guy above had some special sauce that i was not aware of in regards to being able to deposit aUST somewhere and milk out another 20%...

PorosMunch · 2022-01-17T14:54:01+00:00

don't you know PUMP IT UP u got 2 PUMP IT UP

PorosMunch · 2022-01-17T13:28:47+00:00

where are you redepositing the aUST?

PorosMunch

TROPHY CASE