How to complete TIA/USDC form for Quasar vault users
October 31st, 2023, marked a pivotal day with the launch of Celestia blockchain. This event saw a wave of users and developers receiving significant TIA airdrop, leading to a surge in interest in optimizing TIA yields. On the same day, in a well-coordinated move, Quasar unveiled the TIA/USDC Dynamic A+ Vault, one of the fastest-growing at the time, utilizing the Osmosis Concentrated Liquidity Pool #1247. This launch was instrumental in bootstrapping TIA liquidity on Osmosis, facilitating massive volumes on the DEX with minimal liquidity — a feat unachievable with traditional AMM pools.
In the initial two-week period following the launch, the vault attracted over $350,000 USD worth of TIA and USDC, with the TIA price fluctuating between $2 and $7. This accounted for more than 50% of Pool #1247 and generated over 40 million in volume, demonstrating the significant advantages of concentrated liquidity design.
However, during this period, TIA liquidity eventually ran out, leading the vault to convert its holdings to USDC. Following the suspension of deposits, Quasar Labs identified the need for infrastructure improvements in the vault. Consequently, deposits into the TIA/USDC A+ vault were temporarily disabled.
After thorough discussions and evaluations, Quasar Labs, in partnership with Define Logic Labs, the strategists team behind TIA/USDC Vault has released a form for the vault depositors. This form is designed to collect data necessary for a potential reimbursement process. To aid users who might find this process complex, we have prepared the following guide:
- Copy your Osmosis address and go to mintscan.io. Enter it into the search field, identifiable by a magnifying glass icon in the top right corner.
2. Scroll to the transaction list. Locate the “filter” icon on the right. Set the dates for Oct. 31 — Nov 14. Select “Contract-Exact Deposit” for deposits and “Contract-Redeem” for withdrawals.
3. Copy these transaction links and insert them into the appropriate fields of the form.
If you have any doubts about how to fill out the form, feel free to let us know in the comments or reach out to us on Telegram or Discord!
