Hi everyone,
We received confirmation that nLuna will be considered 1:1 for the "Pre-Attack" snapshots, nLUNA/Psi LP's will be unwound, and the nLUNA portion will be considered 1:1 for the snapshot as well.
We are still working through what our next steps will be, as soon as our plans are solidified we will share a comprehensive update.
Hope you all are doing well - hoping to share more soon 🤝
We received confirmation that nLuna will be considered 1:1 for the "Pre-Attack" snapshots, nLUNA/Psi LP's will be unwound, and the nLUNA portion will be considered 1:1 for the snapshot as well.
We are still working through what our next steps will be, as soon as our plans are solidified we will share a comprehensive update.
Hope you all are doing well - hoping to share more soon 🤝
Hi everyone 👋
Over the last year our team has built some of the most used applications on Terra. At our peak we had over 11k unique wallets interacting with the Nexus smart contracts daily. Just prior to the crash we had just successfully launched EthNexus & the lockdrop for nexPRISM, and we were excited to continue on building towards the rest of our product roadmap for the year.
Through building on Terra, the Nexus team amassed considerable skills and experience developing robust DeFi applications for thousands of users on the Terra blockchain. On top of developing a strong team cohesion, we developed a very close relationship with many active community members who helped shape Nexus. The collapse of Terra and Luna shook us to our core. Our hearts are with everyone who has been impacted by the events of the past few weeks. Some of us are still grieving, we know some of you out there are too. You are not alone.
Ultimately, while we support the builders who are choosing to stay and build on Terra2, we’re making the decision to bow out of participating in the Terra2 chain.
With regards to Nexus Protocol on Terra Classic, we will stop servicing https://terra.nexusprotocol.app/ as of 18th June 2022 00:00:00 UTC. If you have any bETH which needs to be withdrawn please make sure to withdraw by this date, if you don't withdraw before then you’ll need to interact with the smart contracts yourself to pull any remaining bETH out after that. We’ve been in talks with many ecosystem teams and currently we feel that we can build something much larger with a much higher impact than if we were to stay & continue building on Terra2. We'll continue regular and frequent updates until we’ve fully committed to a new home. We hope you’ll be joining us on our next steps.
We’ve taken snapshots for Psi, staked Psi, Psi-UST, nLuna-Psi, nETH-Psi from block 7544910 (2022–05–07 14:59:37 UTC), and will use these snapshots to include the Nexus community in the next step of our journey as builders in this space. Nexus has always stood for ethical and transparent development practices. We intend to carry that forward with us wherever we go.
We'll be closing down the public chat channels as of today, but we will be leaving both Discord & TG announcement channels open to share further updates. Ultimately we’re sure that this step in our journey will help bring us to the next level in this space. We’re extremely excited for what comes next.
If you’ve been with us since the beginning you’ll know just how much we’ve put into Nexus Protocol, and whatever happens next we plan on elevating our standards even more.
Let’s build together.
We’ll be sharing more with you soon.
https://twitter.com/NexusProtocol/status/1533870972767305728?s=20&t=Adk3N06TubE7mVb_XIqjDA
Over the last year our team has built some of the most used applications on Terra. At our peak we had over 11k unique wallets interacting with the Nexus smart contracts daily. Just prior to the crash we had just successfully launched EthNexus & the lockdrop for nexPRISM, and we were excited to continue on building towards the rest of our product roadmap for the year.
Through building on Terra, the Nexus team amassed considerable skills and experience developing robust DeFi applications for thousands of users on the Terra blockchain. On top of developing a strong team cohesion, we developed a very close relationship with many active community members who helped shape Nexus. The collapse of Terra and Luna shook us to our core. Our hearts are with everyone who has been impacted by the events of the past few weeks. Some of us are still grieving, we know some of you out there are too. You are not alone.
Ultimately, while we support the builders who are choosing to stay and build on Terra2, we’re making the decision to bow out of participating in the Terra2 chain.
With regards to Nexus Protocol on Terra Classic, we will stop servicing https://terra.nexusprotocol.app/ as of 18th June 2022 00:00:00 UTC. If you have any bETH which needs to be withdrawn please make sure to withdraw by this date, if you don't withdraw before then you’ll need to interact with the smart contracts yourself to pull any remaining bETH out after that. We’ve been in talks with many ecosystem teams and currently we feel that we can build something much larger with a much higher impact than if we were to stay & continue building on Terra2. We'll continue regular and frequent updates until we’ve fully committed to a new home. We hope you’ll be joining us on our next steps.
We’ve taken snapshots for Psi, staked Psi, Psi-UST, nLuna-Psi, nETH-Psi from block 7544910 (2022–05–07 14:59:37 UTC), and will use these snapshots to include the Nexus community in the next step of our journey as builders in this space. Nexus has always stood for ethical and transparent development practices. We intend to carry that forward with us wherever we go.
We'll be closing down the public chat channels as of today, but we will be leaving both Discord & TG announcement channels open to share further updates. Ultimately we’re sure that this step in our journey will help bring us to the next level in this space. We’re extremely excited for what comes next.
If you’ve been with us since the beginning you’ll know just how much we’ve put into Nexus Protocol, and whatever happens next we plan on elevating our standards even more.
Let’s build together.
We’ll be sharing more with you soon.
https://twitter.com/NexusProtocol/status/1533870972767305728?s=20&t=Adk3N06TubE7mVb_XIqjDA
Twitter
📣 Hi everyone 👋
Over the last year the Nexus team has built some of the most used applications on Terra.
At the peak there were over 11k DAUs interacting with Nexus smart contracts.
Over the last year the Nexus team has built some of the most used applications on Terra.
At the peak there were over 11k DAUs interacting with Nexus smart contracts.