Community Call Notes #8–4/19/22

Notes from Community Call on April 19, 2022, at 1 pm EST on our Twitter

Listen to the Twitter Space on TerraSpaces

Announcements:

Gov Poll #5 — Passed — Protocol Fee Buybacks

• First Whale Buyback!
• Second Buyback!
• Buyback bot in development to make this automated

Kado Ramp Widget Officially Live!

• First Terra dApp to implement
• Checkout ‘Buy UST’ button on the swap page
• Makes it easier for non-terra native users to use our UST vault and/or buy Whale token

Core Dev Stepping back to Advisor Role

• CyberHoward

Luna Vault

• Luna/bLuna arb bot is ready
• The contract is still in process and will also need an audit
• It is important to get the architecture right, so the contract doesn’t have to be re-written at a later point and can be used for multiple Luna arbs.
• The contract is fundamentally different from the UST vault contract because there is no way to flash-loan and then instantly check for the profit. In the arb, Luna is swapped to bLuna with > 2% arb, and then bLuna is burnt back to Luna; this burn takes 21 days to complete.
• Will add other Luna arbs; e.g., Luna/LunaX; Luna/cLuna; Luna/yLuna+pLuna, etc.
• Planning for compounding of Luna when arbs are not available by using LP pools (Luna/bLuna; Luna/LunaX; and yLuna farms). Smart logic ultimately needs to be developed to manage the vault and allocate Luna such that the most Luna is stacked.

Bot Updates

Since the last community call, we hit some of our largest bot trades

• $286, $320, $818 protecting the peg, $4051.43

New APR calculation, which is based off rolling weekly profit

• Exact calculation details are in our documentation
• Our weekly profit Apr peaking at 0.8%! Nearly adding a whole percent risk-free!

Go-Bots:

• major architecture updates, increased scalability, support for Terraformer and Prism dexes,

Python-Bots

• aUST mint/burn bot live
• Prism Refracting Arbitrage Live - Check it out

will add this functionality to Go-Bot in the future

Alpha:

Astroport Pool

• vUST-WHALE or UST-WHALE Pool
• Dual reward pool would accumulate ASTRO tokens

Join Astro Wars?

• Astroport has released staked Astro or xAstro and planning to release time locked xAstro or vxAstro soon. The vxAstro has (i) increased governance power to redirect rewards to selected pools and (ii) greater rewards itself.
• The Curve wars were a battle for control of rewards on CRV and won by Convex. A similar war is anticipated for vxAstro between Retrograde, and Reactor.
• How does WW benefit from participating in Astro wars? WW could purchase xAstro and swap it into retroAstro and then place our purchased astroport LP pools (bLuna/Luna, etc) from vaults into Retrograde to boost our passive yield. We would be leveraging Retrograde to increase the Astro incentive rewards over what WW could achieve by holding vxAstro itself.
• By having our POL liquidity on Retrograde and being a major investor in Retrograde, we can ensure that our POL will be boosted.

Active Treasury Management

• We have had the treasury sitting idle and would like to earn yield for the protocol, compound Luna, and support young terra protocols
• Join discord discussion to help decide the management of the treasury.
• 3.78 million UST at our disposal
• Almost $4 million worth of Luna
• Reconsidering putting the protocol’s Luna in the Luna vault, we do not want to dilute the yield of our users
• Additional use: seed funding for protocol validator,

The next community call will be on 5/6/22 on our Twitter.