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Astro FAQ
Frequently asked questions about Astroport

General

What is the token distribution for ASTRO?

The token distribution ensures that the wider Terra community will have a majority say in everything on Astroport. The community holds 110M ASTRO after the lockdrop(11% of the total supply). 49% of the supply goes to LPs over 69 years.
10% of the supply is reserved for the Astral Assembly (Astroport DAO). The rest is allocated to Astroport Builders, who have a 3-year lock-up period.
ASTRO token distribution

What is the unlock schedule for the Builder Tokens?

The Builder Tokens unlock over three years starts with Phase 1. After that, there is a 1-year cliff unlock for 1/3rd of the Builder Token allocation, followed by two years daily linear unlock for the other 2/3rds.

Is there an ICO?

Astroport will not have an ICO. Instead, tokens are distributed through a lockdrop. Learn more here.
Who was part of the Initial Astro Builders?
The development of the protocol occurred through a joint venture involving Delphi Labs, Terraform Labs, Attic Lab and WE3 (a decentralized design collective) and their respective service providers. Github handles and profiles are available by reviewing the contributor history of the Astroport Github org.

Astroport Core

Are all pair weights in Astroport pools set to 50/50?

Yes. Astroport will launch with two pool types, xy=k which was pioneered by Uniswap and stableswap pools for like assets. Both of these pool types enforce 50/50 weights for tokens.

Will Astroport have vxASTRO deployed at launch?

No. vxASTRO is set to launch at least 60 days after the Astroport launch.
Will Astroport have limit orders at launch?
Astroport will launch without limit orders. This is a fantastic idea that the Astro community can debate and implement post-launch!

Can I withdraw trading fees from a pair without withdrawing liquidity?

In the case of constant product and stableswap pools, you must withdraw your liquidity to get the trading fees you accumulated.

Did any team on Terra announce that they plan to build a Convex-like protocol for Astroport?

There are several groups that publicly expressed their intentions to build Convex like protocols on Terra and potentially build on top of Astroport: Retrograde, Apollo and Reactor.
Does the protocol mitigate frontrunning?
The Astroport protocol does not mitigate frontrunning. Similar to other DEXs (such as Uniswap v2 and v3), traders can have their orders frontrun.
Can flashloan attacks be applied to the protocol, and if so, are those flashloan attack risks mitigated?
Anyone take out a flashloan from another Terra based protocol and then use the borrowed funds to trade on Astroport. Nothing in the Astroport contracts prevents this type of behaviour as it is considered valid.

Governance

I've submitted a proposal to the Astroport forum. When can I submit an on-chain proposal?
A period of reviewing by the community and attendant is required after submittin a proposal to the Astroport forum. The minimum duration of this period is determined by two variables:
  • Feedback Period: 7 days.
  • Frozen Period: 2 days.
Please note that in the case of UI ARCs, there is no need for a Frozen Period.
How many ASTRO (if any) are required to submit a proposal?
You must temporarily lock 30,000 xASTRO in order to submit a proposal for a formal vote.
Do proposal submitters lose their xASTRO if their proposal fails?
Once the voting ends (after ~4 fays) proposers get their xASTRO back regardless of the outcome.
Can proposal submitters vote on their own proposal?
No. The proposal submitter address will not be able to participate in the voting process for their own proposal.
What is the required quorum for a vote?
10% of votable tokens (circulating xASTRO + locked builder allocation) must participate in order for a proposal to pass.
What happens if a governance vote doesn't reach quorum?
The proposal fails and can potentially be resubmitted.
What is the voting threshold for a vote to pass?
To pass, a simple majority is required (50% + 1 vote).
How many times can I resubmit a proposal?
An AIP can be resubmitted for an on-chain vote up to 3 times without having to go through phases 1-4 of the AIP process again if it failed to pass due to legitimate external reasons (e.g., potential low governance participation that did not meet the minimum on-chain quorum).
What is the cut-off for being able to vote?
To participate in a vote a wallet address must have held xASTRO 1 block before the proposal was created.
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