We are proposing to use up to ~$42k of community funds (at $40 per LUNA) to support a programme targeted at raising awareness for Terra ecosystem and to onboard any potential interests.
The community funds shall be disbursed to holders of LUNA via this programme. Crucially, this disbursement shall take place only at the end of this programme, and only upon successful completion of stipulated performance guidelines listed below:
- Proposed spend shall be pay-on-performance only; in other words, LUNA will be disbursed to the LUNA holders only at the end of the holding period, and be based on the lowest balance held during the proposed holding period.
- Proposed holding period is 30-days, and shall be on Binance Smart Chain (“BSC”) due to preferences of holders.
- BSC wallet address shall be provided at the inception of the programme, and shall demonstrate that the LUNA holdings remain intact during the proposed holding period.
- A nominal spend is added to the budget request to cover the costs of managing this programme.
- Total funding requested is estimated to range from 118 LUNA to 1,052 LUNA. The range in LUNA rewards is due to i) potential fluctuations in LUNA price at programme launch, and ii) quantum of LUNA holdings ranging between UST 1mil - 10mil).
Details of Proposal
|Holding Period (days)||30 days||Token Held||LUNA|
|LUNA Rewards (APY)||5%||Blockchain||BSC|
|LUNA price (UST)||$40|
|Description||Min Case||Base Case||Best Case|
|Value of LUNA Holdings ($)||1,000,000||5,000,000||10,000,000|
|Misc Fees - fixed amount based on outcome||15||20||25|
|Total Funding Sought||118||534||1,052|
|Total Funding Sought||$4,710||$21,348||$42,096|
Note: total funding sought in dollar terms may fluctuate due to changes in $LUNA price.
BSC wLUNA Token Address: https://bscscan.com/token/0xECCF35F941Ab67FfcAA9A1265C2fF88865caA005
Who We Are
Aurastake is a team made up of members with experience in both the tech and financial sectors. Aurastake has been an active community validator which has been involved in the Terra ecosystem since the beginning of this year.
Our belief in the future of Terra also led us to contribute articles to help convert normies into full-fledged Lunatics. You can find some of our earlier articles here which were also winning submissions for content-based bounties organised by Learn Terra.
As part of our on-going efforts to spread the word about $UST and $LUNA, we have landed upon an opportunity to engage with and to onboard potential parties who are excited about the Terra ecosystem, and are keen to kickstart their Terra experience through us as a community validator. We expect that this one-time spend will help bolster general awareness of and support for this ecosystem.
We believe that $LUNA will become the pre-eminent “decentralized reserve currency” of the metaverse and that by providing this unique staking experience, we can generate longer term staking interests from a group that is just exploring the blockchain space and is beginning to dip their toes into the Terra ecosystem.
Our eventual aim at Aurastake is to demonstrate that such programmes can be very successful in generating interests in the Terra ecosystem (we will update the community of any post-programme findings), and will look to build upon this initial success by bringing other similar opportunities to our ecosystem, or through variations of these outreach programmes.
In view of i) the size of our funding request, ii) the imposition of payment criteria upon performance only, and iii) the turnaround time for the launch of this programme, we are requesting that our proposal be reviewed, approved and managed under the Rapid Grants Pool which we believe is designed to cater for such proposal requests.
This being our first proposal, we are humbly seeking feedback from fellow Lunatics. We would be glad to discuss any part of our proposal request in detail, either via this forum or via email at firstname.lastname@example.org.
From the Aurastake Team