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Step-by-Step Plan for Recovering and Enhancing Astroport Classic on Terra Classic

This is a detailed breakdown of our plan, covering recovery, governance updates, liquidity mining restoration, fee incentives, and ASTROC tokenomics improvements.

📌 Step 1: Recover Admin Control Over Astroport Classic

Goal: Regain admin access to control the liquidity pools, fee structures, and governance of Astroport Classic.

🔹 1.1 Identify the Current Admin Wallet

  • Check which wallet currently controls the contracts (if it's lost or inactive).
  • Use contract queries to check the admin role in key contracts: 
    terrad query wasm contract-state smart <contract_address> '{"get_admin":{}}'

🔹 1.2 Deploy the Governance Admin Change Contracts

  • Which contains governance contracts allowing admin wallet changes via governance proposals.
  • This will allow ASTROC holders to vote on changing the admin wallet.

🔹 1.3 Propose an Admin Wallet Change

  • Submit a governance proposal to change the admin wallet: 
    {
  "propose": {
    "title": "Transfer Admin Rights",
    "description": "Change admin wallet to a new controlled address.",
    "proposal_type": "AdminChange",
    "new_admin": "terra1newadminaddress...",
    "duration": "7d"
  }
}
  • If the proposal passes, the new wallet will control all Astroport Classic contracts.

🔹 1.4 Verify Admin Control

  • Check if the new wallet has control over the contracts: 
    terrad query wasm contract-state smart <contract_address> '{"get_admin":{}}'

✅ End Result: We now have full admin control over Astroport Classic.

📌 Step 2: Restore Liquidity Mining Rewards

Goal: Restart liquidity incentives using ASTROC rewards for liquidity providers.

🔹 2.1 Modify the Liquidity Mining Contracts

  • The Generator contract handles liquidity mining rewards.
  • Verify if ASTROC rewards are being distributed. 
    terrad query wasm contract-state smart <generator_contract_address> '{"get_rewards":{}}'

🔹 2.2 Set Up a New Liquidity Reward Program

  • Distribute ASTROC rewards to LPs (Liquidity Providers) in specific pools (e.g., ASTROC-LUNC).
  • Adjust reward emission rates: 
    {
  "update_rewards": {
    "pool": "terra1astrocluncpool...",
    "rewards_per_block": "1000"
  }
}

🔹 2.3 Relaunch Incentivized Liquidity Pools

  • Restart LP incentives so users earn ASTROC by adding liquidity.

✅ End Result: Liquidity providers start earning ASTROC, increasing DEX liquidity.

📌 Step 3: Recover and Reallocate Fee Revenues

Goal: Control trading fees and redirect them to LP rewards, burns, and treasury funding.

🔹 3.1 Modify the Fee Collection Mechanism

  • The Maker contract handles fee collection and distribution.
  • Check where fees are currently being sent: 
    terrad query wasm contract-state smart <maker_contract_address> '{"get_fee_distribution":{}}'

🔹 3.2 Adjust Fee Distribution for Sustainability

  • Set new fee rules:
    • 30% to LP rewards
    • 30% to Treasury
    • 40% to ASTROC burns
    {
  "update_fee_distribution": {
    "lp_rewards": "30",
    "treasury": "30",
    "burn": "40"
  }
}

✅ End Result: Fees now fund liquidity incentives, treasury, and burns.

📌 Step 4: Implement ASTROC Burn Mechanisms

Goal: Reduce ASTROC supply and increase scarcity.

🔹 4.1 Enable Auto-Burns in Swap Contracts

  • Use swap smart contracts so every trade burns a portion of ASTROC.
  • Set a burn fee of 0.15% for ASTROC swaps. 
    {
  "update_swap_fees": {
    "asset": "ASTROC",
    "burn_fee": "0.15"
  }
}

🔹 4.2 Implement Fee-Based Auto-Burns

  • Modify the Maker contract to burn part of the trading fees: 
    {
  "update_fee_distribution": {
    "burn": "40"
  }
}

✅ End Result: ASTROC is burned continuously, reducing supply.

📌 Step 5: Implement Developer & Treasury Funding

Goal: Fund development, maintenance, and governance.

🔹 5.1 Enable Developer Fees in Swap Contracts

  • Use astroport-swap-fees.zip to collect 0.1% developer fees on LUNC and 0.15% on ASTROC swaps. 
    {
  "update_swap_fees": {
    "asset": "LUNC",
    "dev_fee": "0.1"
  }
}

🔹 5.2 Direct Treasury Funding from Fees

  • Allocate 30% of collected fees to the treasury.

✅ End Result: Sustainable funding for future development.

📌 Final Summary

Step Action Outcome
1 Recover Admin Wallet Full control over Astroport Classic
2 Restore Liquidity Mining LPs start earning ASTROC
3 Reallocate Fees Fees are used for rewards, treasury, and burns
4 Enable ASTROC Burns Supply is reduced, increasing value
5 Implement Dev & Treasury Funding Sustainable funding for future upgrades