Logical Graphs LLC: November 2024

Monday, November 11, 2024

Sword of $70k

Dear @FantomFDN @polterfinance,

Hi. I'd like my 90k $FTM back from the $gFTM I was unable to withdraw from @GeistFinance, even though there was no borrow against it.

How do I convert this $gFTM to $FTM, please?

Thanks.

Don't say: "$POLTER airdrop," as that's $17 in total.

The Terra Immolation

Never mind when $LUNA was $120-per. Forget that. That was a dream of a dream.

Let's be realistic.

Remember when $LUNA used to be $1.20-per?

I do. It was April, 2024. Before somebody got paid a 4 MILLION $USDC bonus after killing protocols and driving $LUNA price into the dirt.

And I'm wondering: I'm still getting the pay-back from the Terra-crash, a trickle of $LUNA at 40¢-per.

Where are the 4 MILLION $USDC (not $LUNA, $USDC) bonuses to us who stuck with Terra 2, keeping it alive, all this time, so that 'somebody' at the top could collect that bonus?

When @TheRyanLion reinjects hope and volume into Terra 2, only to have the rug pulled out from under him, where protocols he started with are now just ... gone?

Why do blockchains do this? When they encounter a major blow, instead of fighting back, they immolate themselves.

And remember that @astroport_fi used to be this whole ecosystem on Terra, and now ... what? It doesn't even default to Terra any more!

Dear blockchains,

Don't do this. Don't 'reinvent yourself' by ABANDONING your PROTOCOLS and even your BLOCKCHAINS!

You've abandoned your communities, and you'll NEVER recover.

NEVER.

You've lost your communities' trust. You can't buy that back with new, false, promises.

Saturday, November 2, 2024

Kujira Crash: alts

Here's a casualty of the Kujira self-implosion.

@Quark_Protocol.

Eleven quark tokens. How much work went into setting up the protocol? How much went into integrating @unstake_fi? How much work went into creating each of ELEVEN TOKENS? All of them to be worthless soon.

Here's something to think about: Kujira alts.