LUNA, Terra

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1/ Attention Terra community: Due to the recent court ruling, TFL is making changes to its operations moving forward, including active liquidity provisioning and access to TFL products in certain jurisdictions. 🧵 👇

2/ As a result of the SEC case, TFL may receive a conduct injunction, which could prohibit TFL from engaging in certain activities. To prepare for this, TFL will be restricting access to some TFL products and features from users in the United States as of next week.

3/ TFL understands that this is frustrating news for users in the US. TFL is against geoblocking as a matter of principle, but under the circumstances has no choice. Open-source projects that TFL contributes to, such as the Terra blockchain and Alliance, will not be affected.

4/ In addition, TFL is required to withdraw liquidity from its positions on @astroport_fi, @WhiteWhaleDefi & @uraxyz_. All liquidity provided by TFL will be removed starting tomorrow, April 26th. A breakdown of the liquidity provided is found in the following tweet.

5/ TFL has provided liquidity to the following pools (prices from CoinGecko and Coinhall as of 5:00pm UTC on April 25th, 2024): On @astroport_fi: • axlUSDC-LUNA ($4.65M) • BTC-LUNA ($3.6M) • ETH-LUNA ($3.4M) • ASTROcw20-LUNA ($1.15M) • BNB-LUNA ($1.35M) • SOL-LUNA ($1.2M)

6/ On @uraxyz_: • URA-LUNA ($1.4M) • axlUSDC-LUNA ($1.4M) • BTC-LUNA ($1.2M) • OSMO-LUNA ($220K) • SOL-LUNA ($460K) • BNB-LUNA ($285K) • DOGE-LUNA ($185K) • TON-LUNA ($195K) • DYDX-LUNA ($295K) • ANDR-LUNA ($90K)

7/ On @WhiteWhaleDefi: • axlUSDC-LUNA ($1.4M) • BTC-LUNA ($1.2M) • WHALE-LUNA ($135K) Any LUNA withdrawn from these positions will be held in the TFL multisig through bankruptcy proceedings.

8/ Users with assets on Terra might need to bridge back to the source chain in order to exchange these assets. For how to bridge each asset, refer to this list: terra-money.notion.site/Asse…