delete

Latest tech & Lightning Network with subAtomic fees

Whatever reasons one may have for running a full node (trustlessness, technical curiosity, supporting the network, etc) it’s helpful to appreciate the “fullness” of your node. With this explorer, you can explore not just the blockchain database, but also explore the functional capabilities of your own node. GRS RPC Explorer testnet is a simple, self-hosted explorer for the Groestlcoin testnet blockchain, driven by RPC calls to your own Groestlcoin testnet node.

  • Payments with GRSPay Testnet go directly to your wallet, which increases the privacy and security.
  • If you want to solo mine with Groestlcoin then SGminer5-grs is the right choice for you.
  • First make sure you have the latest drivers for your GPU’s.
  • You can solo mine, but the payouts could take months depending on how powerful your mining rig is, and the mining pools usually charge a very small fee (1% or less).
  • The Groestlcoin difficulty chart plots a visual representation of the historical Groestlcoin difficulty target increases and decreases over time up to the current Groestlcoin block.

The current block reward is 5 coins (and will not go any lower) and a block occurs every 60 seconds. You can solo mine, but the payouts could take months depending on how powerful your mining rig is, and the mining pools usually https://cryptolisting.org/blog/should-you-cover-your-smartphone-camera charge a very small fee (1% or less). Using a pool will allow you to receive consistent payouts, multiple times per day. So before we start this tutorial, I have two tips for making the most out of your mining experience.

CoinEx

If you lose coins due to this app or damage your CPU/GPU, no compensation will be given. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The current Groestlcoin hashrate (GRS hashrate) is 32.83 TH/s at block height 4,901,489 with a difficulty of 481,516.74. Generally, the bigger these are, the less volatile the price will be.

A Groestlcoin miner is also referred to as a Groestlcoin mining rig, or a Groestlcoin mining hardware device, or a Groestlcoin mining machine, but we simply call them miners, or more specifically, Groestlcoin miners. Every aspect of our Groestlcoin mining calculator has been developed for miners by miners. My personal choice in a Groestlcoin pool is the Suprnova pool. You need to register an account there, and add your payment address into your account settings. This is what you will use to log into your miners through the mining programs later. Groestlcoin uses the Grøstl algorithm which is a more efficient algorithm than most.

How long does it take to mine 1 Groestlcoin?

First make sure you have the latest drivers for your GPU’s. Secondly, most mining software will get flagged as a virus from virus scanners. Because of this, if your mining on your normal everyday use or gaming computer that has an antivirus installed, you will want to exclude the mining software from the antivirus. What I like to do, is I make one folder and then put all of my mining software in sub folders. I then exclude the top level folder from the antivirus and that excludes all the mining software. Groestlcoin difficulty is a measure of how many hashes (statistically) must be generated to find a valid solution to solve the next Groestlcoin block and earn the mining reward.

Groestlcoin mining difficulty determines how difficult it will be to mine the next block and this is why it is referred to as the difficulty of Groestlcoin mining. If you want an easy miner with no massive hunting for proper configuration files based on their GPU model then Groestlcoin Easyminer is the right choice for you. Groestlcoin hashrate is a calculated numerical value that specifies an estimate of how many hashes are being generated by Groestlcoin miners trying to solve the current Groestlcoin block or any given block. For GPU mining there are many programs for Nvidia, but the one I have found to be the best is CCminer. This mining software is compatible with Windows and Linux, however there are only precompiled binaries available for Windows. After deducting mining power costs and mining fees, the final daily Groestlcoin mining profit is ($1.97) Groestlcoin to USD.

Groestlcoin Status

Your private keys are never visible to the GRSPay Testnet Server or anyone else. There is no address re-use since each invoice generates a new address deriving from your public key. This timing, called the block time is enforced by the Groestlcoin mining difficulty value, which is adjusted upwards or downwards during each block difficulty retarget to keep blocks being solved at a constant time frame. The GRS mining difficulty increase average in the last 24 hours is -26.39% at block 4,901,479 on the Groestlcoin blockchain network.

Groestlcoin Hashrate Chart

By just focusing on this number, you can run the calculator for a few different coins, and quickly see which coin is most profitable for your mining rig setup. Keep in mind you also want to weigh the daily payout with the market cap. A low market cap coin may be really profitable one day, and then could have half the payout tomorrow. Groestlcoin is a coin that is private, ASIC resistant and has low fees.

We are NOT financial advisors, and this site does not give trading advices. If you’re running a script or application, please register or sign in with your developer credentials here. Additionally make sure your User-Agent is not empty and is something unique and descriptive and try again.

The coin also has an active development team that releases new builds every 3 months. They also say they were the first to enable segwit and the first to implement the lightning network in their testnet. Find the most profitable ASIC miners based on profitability and hashrates. Its main advantages over the original SGminer5 binary include support for GBT solo mining along with signing your mined blocks. The Easy Miner package includes the latest auto-tuning mining software for Groestlcoin and Electrum-GRS wallet for fast and easy access to mined coins.

Groestlcoin Spark is a purely off-chain wallet; allowing Groestlcoin to truly realise the power of lightning, that supports sending and receiving payments, viewing history, and managing channels. Blockchain data for Groestlcoin (GRS), the most recently mined blocks, mempool, transactions, and addresses. Given, the frequent changes in Groestlcoin difficulty adjustments up and down, use our Groestlcoin mining calculator to calculate Groestlcoin mining profits. Furthermore, the mining difficulty also keeps the block generation in line with the set block time, or the amount of time that should statistically pass between each block. It is important to point out that the number of days calculated does not account for difficulty increases and decrease as well as block reward increases and decrease (halvening). The Groestlcoin mining information is updated continually with the current block mining information.

The green arrow indicates the GPU clock speed, hashes per watt, total power usage, temperature and fan speed. In order for the blocks to be generated consistently, the difficulty must be increased or decreased, this is called a difficulty re-target. The Groestlcoin difficulty data levels are calculated using the daily difficulty average data points in the Groestlcoin difficulty graph. With ASIC Hub, you can monitor and manage your Antminer, Avalon, Whatsminer, Innosilicon, and other major ASIC brands with ease. Exchange rates are provided by 3rd party services and are not indicative of
cryptocurrencies being backed by any commodity or other form of money
or having any other tangible value at all. Trading is a high risk activity, consult you financial advisor before making any decision.

We want the price to not be volatile so our calculations will be accurate for days to come. In this example, the market cap is small to medium, so the price could change a little day to day. As for their features, there a large sized pool, with many different coins to mine. As you can see in the Groestlcoin difficulty chart above, the Groestlcoin Difficulty makes adjustments often. Our mining monitoring and management software for Windows GPU rigs is the perfect solution for those who prefer to mine on their Windows machines.

delete

Groestlcoin FAQ Groestl ️

First make sure you have the latest drivers for your GPU’s. Secondly, most mining software will get flagged as a virus from virus scanners. Because of this, if your mining on your normal everyday use or gaming computer that has an antivirus installed, you will want to exclude the mining software from the antivirus. What I like to do, is I make one folder and then put all of my mining software in sub folders. I then exclude the top level folder from the antivirus and that excludes all the mining software. Groestlcoin difficulty is a measure of how many hashes (statistically) must be generated to find a valid solution to solve the next Groestlcoin block and earn the mining reward.

  • The current block reward is 5 coins (and will not go any lower) and a block occurs every 60 seconds.
  • Using a pool will allow you to receive consistent payouts, multiple times per day.
  • All that said, given a constant hashrate, when the GRS mining difficulty increases you earn less mining rewards due to the overall increase in the total Groestlcoin network hashrate.
  • In this example, the market cap is small to medium, so the price could change a little day to day.

The global Groestlcoin network hashrate is a calculated value and is measured in hashes per second (H/s). The calculation uses the current mining difficulty and the average Groestlcoin block time between mined blocks versus the defined block time as variables to determine the global Groestlcoin network hashrate. The https://cryptolisting.org/blog/how-to-buy-xyo-on-kucoin-2zero chart plots the Groestlcoin difficulty target over time and the current Groestlcoin difficulty (GRS diff) target. Calculate your Groestlcoin mining profitability and estimated mining rewards by starting with the Groestlcoin mining hashrate calculator inputs above; mining hardware, mining costs, and mining reward.

Groestlcoin Mining Rewards

We want the price to not be volatile so our calculations will be accurate for days to come. In this example, the market cap is small to medium, so the price could change a little day to day. As for their features, there a large sized pool, with many different coins to mine. As you can see in the Groestlcoin difficulty chart above, the Groestlcoin Difficulty makes adjustments often. Our mining monitoring and management software for Windows GPU rigs is the perfect solution for those who prefer to mine on their Windows machines.

  • GRSPay Testnet eliminates the involvement of a third-party.
  • You can calculate Groestlcoin mining profits using the current GRS hashrate difficulty and our Groestlcoin mining calculator.
  • Groestlcoin uses the Grøstl algorithm which is a more efficient algorithm than most.
  • Its main advantages over the original SGminer5 binary include support for GBT solo mining along with signing your mined blocks.

We are NOT financial advisors, and this site does not give trading advices. If you’re running a script or application, please register or sign in with your developer credentials here. Additionally make sure your User-Agent is not empty and is something unique and descriptive and try again.

Bitcoin Wallet Provider Throws Censorship Allegations Against Ocean Mining Pool

Whatever reasons one may have for running a full node (trustlessness, technical curiosity, supporting the network, etc) it’s helpful to appreciate the “fullness” of your node. With this explorer, you can explore not just the blockchain database, but also explore the functional capabilities of your own node. GRS RPC Explorer testnet is a simple, self-hosted explorer for the Groestlcoin testnet blockchain, driven by RPC calls to your own Groestlcoin testnet node.

How long does it take to mine 1 Groestlcoin?

Make sure to type in your public key into the mining pool’s dashboard, to keep track of your statistics. It is always interesting to see how long it will take your mining rig to create 1 BTC. The break even in, will show you a rough estimate of how long it would take to pay off your mining rig, by mining this particular coin. This is great to use before you build your mining rig, to see how long it will take until you will see profits. The red arrow indicates the GPU’s it has detected in your system.

What is the Current Groestlcoin Hashrate?

Your private keys are never visible to the GRSPay Testnet Server or anyone else. There is no address re-use since each invoice generates a new address deriving from your public key. This timing, called the block time is enforced by the Groestlcoin mining difficulty value, which is adjusted upwards or downwards during each block difficulty retarget to keep blocks being solved at a constant time frame. The GRS mining difficulty increase average in the last 24 hours is -26.39% at block 4,901,479 on the Groestlcoin blockchain network.

Connect with Groestlcoin

If you lose coins due to this app or damage your CPU/GPU, no compensation will be given. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The current Groestlcoin hashrate (GRS hashrate) is 32.83 TH/s at block height 4,901,489 with a difficulty of 481,516.74. Generally, the bigger these are, the less volatile the price will be.

Next major development release

Groestlcoin mining difficulty determines how difficult it will be to mine the next block and this is why it is referred to as the difficulty of Groestlcoin mining. If you want an easy miner with no massive hunting for proper configuration files based on their GPU model then Groestlcoin Easyminer is the right choice for you. Groestlcoin hashrate is a calculated numerical value that specifies an estimate of how many hashes are being generated by Groestlcoin miners trying to solve the current Groestlcoin block or any given block. For GPU mining there are many programs for Nvidia, but the one I have found to be the best is CCminer. This mining software is compatible with Windows and Linux, however there are only precompiled binaries available for Windows. After deducting mining power costs and mining fees, the final daily Groestlcoin mining profit is ($1.97) Groestlcoin to USD.

delete

What is the Fixed Asset Turnover Ratio and Why is it Important?

A very equipment-heavy company, such as an auto-manufacturer, always has an inherently higher fixed asset total. If its fixed asset turnover ratio is compared out of context to a company with fewer fixed asset requirements, such as an online software retailer, the results can be misleading. Such efficiency ratios indicate that a business uses fixed assets to efficiently generate sales. Low FAT ratio indicates a business isn’t using fixed assets efficiently and may be over-invested in them.

  • Therefore, it is important to consider the impact of depreciation when analyzing the ratio and to use other metrics, such as return on assets, to gain a more complete picture of the company’s financial performance.
  • The working capital ratio measures how well a company uses its financing from working capital to generate sales or revenue.
  • Companies with fewer fixed assets such as a retailer may be less interested in the FAT compared to how other assets such as inventory are being utilized.
  • Learning about fixed assets is an integral part of the puzzle regarding growing your business, assessing past performance, and understanding how your business works.
  • Changing depreciation methods for fixed assets can have a similar effect as it will change the accounting value of the firm’s assets.

The asset turnover ratio is most helpful when compared to that of industry peers and tracking how the ratio has trended over time. Next, a common variation includes only long-term fixed assets (PP&E) in the calculation, as opposed to all assets. A system that began being used during the 1920s to evaluate divisional performance across a corporation, DuPont analysis calculates a company’s return on equity (ROE).

Analysis

Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets. It’s crucial to implement preventive maintenance procedures that are cost-effective, efficient and focus on proactive measures rather than reactive ones. Watch this short video to quickly understand the definition, formula, and application of this financial metric.

Average total assets are found by taking the average of the beginning and ending assets of the period being analyzed. The standard asset turnover ratio considers all asset classes including current assets, long-term assets, and other assets. Fixed assets are tangible long-term or non-current assets used in the course of business to aid in generating revenue.

Fixed Asset Turnover Ratio Analysis

Retail and consumer staples, for example, have relatively small asset bases but have high sales volume—thus, they have the highest average asset turnover ratio. Conversely, firms in https://cryptolisting.org/blog/5-steps-to-calculate-units-of-production-depreciation sectors such as utilities and real estate have large asset bases and low asset turnover. Company A reported beginning total assets of $199,500 and ending total assets of $199,203.

Fixed Asset Turnover Ratio vs. Asset Turnover Ratio

A lower ratio illustrates that a company may not be using its assets as efficiently. Asset turnover ratios vary throughout different sectors, so only the ratios of companies that are in the same sector should be compared. The ratio is typically calculated on an annual basis, though any time period can be selected. In addition to boosting profits directly through improved efficiency and utilization of resources, having a good fixed asset turnover ratio also signals positive things about your business operations overall. A high ratio suggests strong management practices and effective use of available capital – both key indicators that investors look at when evaluating whether or not they want to put money into your company.

How Is Asset Turnover Ratio Used?

The Fixed Asset Turnover Ratio measures the efficiency at which a company can use its long-term fixed assets (PP&E) to generate revenue. Though ABC has generated more revenue for the year, XYZ is more efficient in using its assets to generate income as its asset turnover ratio is higher. XYZ has generated almost the same amount of income with over half the resources as ABC.

What Does an Asset Turnover of One Mean?

A good fixed asset turnover ratio is a measure of how efficiently a company uses its fixed assets to generate revenue. This metric provides insight into the effectiveness of a company’s investment in property, plants, and equipment (PP&E). A higher fixed asset turnover ratio indicates that a company is generating more revenue per dollar invested in its PP&E. Conversely, a lower ratio suggests that the investments made in PP&E are not being effectively utilized to generate revenues. In this way, the fixed asset turnover ratio can be used by investors and analysts as an indicator of management efficiency and overall financial health. The fixed asset turnover ratio (FAT) is, in general, used by analysts to measure operating performance.

Fixed assets generally refer to those assets that cannot easily convert into cash. Current assets, such as marketable securities and accounts receivable, are not included in the fixed asset total. For the fixed asset turnover ratio calculation, these intangible assets are subtracted from the total, yielding the net fixed asset figure. This is also often referred to as property, plant and equipment, or PP&E because these types of big-ticket investments typically make up the bulk of the net fixed asset total. Fixed Asset Turnover (FAT) is an efficiency ratio that indicates how well or efficiently a business uses fixed assets to generate sales.

delete

What Is a Good Fixed Asset Turnover Ratio? 2023

While the income statement measures a metric across two periods, balance sheet items reflect values at a certain point of time. Its average amount of net property, plant and equipment (after deducting accumulated depreciation) was $6 million. An asset turnover ratio equal to one means the net sales of a company for a specific period are equal to the average assets for that period. Companies can artificially inflate their asset turnover ratio by selling off assets.

While the asset turnover ratio considers average total assets in the denominator, the fixed asset turnover ratio looks at only fixed assets. The fixed asset turnover ratio (FAT) is, in general, used by analysts to measure operating performance. By analyzing these ratios, analysts can determine the level of efficiency and effectiveness of a company’s fixed assets management. They are also an essential component of the company’s operational and production processes. This comparison can provide insight into a company’s strengths and weaknesses relative to its peers, which can be useful for investors and analysts when making investment decisions. Overall, fixed asset ratios provide a valuable tool for assessing a company’s financial health, and they are an essential component of financial analysis.

  • It could also mean that the company has sold off its equipment and started to outsource its operations.
  • A system that began being used during the 1920s to evaluate divisional performance across a corporation, DuPont analysis calculates a company’s return on equity (ROE).
  • For example, inventory purchases or hiring technical staff to service customers are cheaper than major Capex.
  • Asset turnover ratio results that are higher indicate a company is better at moving products to generate revenue.
  • In A.A.T. assessments this financial measure is calculated in two different ways.
  • As different industries have different mechanics and dynamics, they all have a different good fixed asset turnover ratio.

Generally, a higher ratio is favored because it implies that the company is efficient at generating sales or revenues from its asset base. Moreover, the company has three types of current assets (cash & cash equivalents, accounts receivable, and https://cryptolisting.org/blog/how-to-withdraw-usd-from-poloniex inventory) with the following balances as of Year 0. Companies with fewer assets on their balance sheet (e.g., software companies) tend to have higher ratios than companies with business models that require significant spending on assets.

Understanding the Fixed Asset Turnover Ratio

A high asset turnover ratio indicates a company that is exceptionally effective at extracting a high level of revenue from a relatively low number of assets. As with other business metrics, the asset turnover ratio is most effective when used to compare different companies in the same industry. Companies with cyclical sales may have worse ratios in slow periods, so the ratio should be looked at during several different time periods.

  • Moreover, the company has three types of current assets (cash & cash equivalents, accounts receivable, and inventory) with the following balances as of Year 0.
  • While the asset turnover ratio should be used to compare stocks that are similar, the metric does not provide all of the detail that would be helpful for stock analysis.
  • It’s important to consider other parts of financial statements when reviewing current assets.
  • You can also check out our debt to asset ratio calculator and total asset turnover calculator to understand more about business efficiency.
  • Overall, fixed asset ratios provide a valuable tool for assessing a company’s financial health, and they are an essential component of financial analysis.
  • Fixed asset turnover (FAT) ratio financial metric measures the efficiency of a company’s use of fixed assets.

The fixed asset turnover ratio demonstrates the effectiveness of a company’s current fixed assets in driving sales. Work outsourcing may also be included to avoid investing in fixed assets or selling excess fixed capacity. Asset management ratios are the key to analyzing how effectively your business is managing its assets to produce sales. If you have too much invested in your company’s assets, your operating capital will be too high. If you don’t have enough invested in assets, you will lose sales, and that will hurt your profitability, free cash flow, and stock price.

Fixed asset turnover ratio

Investors seeking to invest in highly capital-intensive companies can also find this helpful ratio to compare the efficiency of the investments made by a company in its fixed assets. Therefore, to analyze a company’s fixed asset turnover ratio, we need to compare its ratios empirically with itself and within the industry and peer group to understand its efficiency better. Therefore, acquiring companies try to find companies whose investment will help them increase their return on assets or fixed asset turnover ratio. No, although high fixed asset turnover means that the company utilizes its fixed assets effectively, it does not guarantee that it is profitable. A company can still have high costs that will make it unprofitable even when its operations are efficient. With this fixed asset turnover ratio calculator, you can easily calculate the fixed asset turnover (FAT) of a company.

Why Is the Fixed Asset Ratio Important?

In particular, Capex spending patterns in recent periods must also be understood when making comparisons, as one-time periodic purchases could be misleading and skew the ratio. Below are the steps as well as the formula for calculating the asset turnover ratio. Our team of writers strives to provide accurate and genuine reviews and articles, and all views and opinions expressed on our site are solely those of the authors. We are committed to helping our readers make informed decisions about their finances, and encourage you to explore our site for helpful resources and insights.

What is a good fixed asset turnover ratio?

You do that by comparing your firm to other companies in your industry and see how much they have invested in asset accounts. You also keep track of how much you have invested in your asset accounts from year to year and see what works. But to be useful, the ratio must be compared to industry comparables, or companies with similar characteristics as the target company, such as similar business models, target end markets, and risks. Over 1.8 million professionals use CFI to learn accounting, financial analysis, modeling and more.

The asset turnover ratio uses total assets instead of focusing only on fixed assets as done in the FAT ratio. Using total assets acts as an indicator of a number of management’s decisions on capital expenditures and other assets. The Depreciation to Fixed Assets ratio measures the extent to which a company’s fixed assets have been depreciated during a specific period relative to the value of its fixed assets. It is an efficiency ratio that evaluates how much of a company’s fixed assets’ value has been used up or consumed over time.

How do current assets and fixed assets differ?

Take stock of all the physical assets your business owns – land/buildings, machinery/equipment (including office furniture), vehicles/transportation means (if applicable). Industries with low profit margins tend to generate a higher ratio and capital-intensive industries tend to report a lower ratio. In general, a high ratio indicates that the company is making good use of its existing assets. A low ratio is an indicator either of low sales or that the business has over-invested in land or equipment that isn’t benefiting the bottom line. As you can see, Jeff generates five times more sales than the net book value of his assets. The bank should compare this metric with other companies similar to Jeff’s in his industry.

By improving your fixed asset turnover ratio, you can optimize your return on investment in these critical assets. In this particular example, company AA has the highest fixed asset turnover ratio out of the three companies, indicating it’s using its fixed assets efficiently to generate sales. However, it’s important to analyze why the assets of company CC, for example, are so low compared to those of its peers. Perhaps, company CC has outsourced some of its manufacturing and, as a result, has fewer fixed assets and is more efficient because of better cost controls. Some businesses’ PP&E totals can fluctuate throughout the year due to the sale or purchase of real estate or equipment. In these cases, the fixed asset turnover ratio uses the average net fixed assets.

delete

Current Students

We partner with top-notch organizations in the US for our alumni and student career support. To embed real-time Wrapped UST Token widget into your website copy the following code. A cross-chain demand apparatus for UST supplemented by the closed-loop cycle of stablecoin demand native to apps on Terra has been years in the making. It’s finally beginning to manifest as a reality for the Terra economy. To export UST or LUNA to Solana, Ethereum, or BSC, simply change Terra to the “Source” chain in Section 1 of the Transfer Page and the destination chain as the “Target” chain and follow the prompts in the Wormhole UI.

  • In the meantime, users can migrate Shuttle assets to Wormhole and transfer them across Terra, Ethereum, Solana, and BSC using the Wormhole UI in the link below iterated step-by-step in the remainder of the article for each chain.
  • If you hold Shuttle ERC-20 UST and/or LUNA on Ethereum, meaning you’ve sent Terra assets to ETH using Terra Bridge, you can migrate your tokens to Wormhole versions (USTw and LUNAw) using the Wormhole UI.
  • In this example, we will migrate Shuttle BEP-20 UST on BSC to Wormhole USTw, and transfer the USTw from BSC → Terra.
  • As part of the Wormhole integration, the ETHMirror contract will present a user interface that allows users to swap between Shuttle and Wormhole tokens.

Students will be required to complete the “Self-Disclosure Form” available at the admissions office to report and request special accommodation services Form. Wormhole is a profound technology at the forefront of cross-chain interoperability. For Terra, it opens another avenue for exporting UST across chains and for various use cases, accruing seigniorage to LUNA holders contingent on increasing demand for UST.

The UI automatically connects to your Solana wallet (i.e., Phantom) and scans for “migration-eligible” assets, including wUSTv1 and wLUNAv1. Enter the amount of BEP-20 UST you wish to migrate to Wormhole USTw, and click the “Migrate” button at the bottom. Confirm the transaction on your MetaMask wallet, and once the confirmations are available, navigate back to the Wormhole UI “Transfer Token” page and select “UST” — the option not highlighted in yellow as a migration-eligible token.

Market

Apricot is an upcoming next-gen lending protocol on Solana that allows users to maximize yield and minimize risk. The platform includes features such as “Apricot Lend” for collateralized lending/borrowing; “X-Farm”, a cross-margin leveraged yield farming product; and “Apricot Assist,” an auto-deleveraging feature to help reduce liquidation risk. You will be directed to the Migration page below indicating the amount of v1 UST or LUNA to migrate to USTw and LUNAw, respectively. Click the “Approve Tokens” at the bottom of Section 3 “Send Tokens,” and confirm the MetaMask pop-up transaction.

This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Washington University of Science and Technology

Once you have migrated your eligible Shuttle ERC-20 UST or LUNA to USTw and LUNAw OR you do NOT have any migration eligible assets, you can begin transferring USTw and LUNAw between Ethereum, BSC, Solana, and Terra by following the steps below. Upon WUSD’s launch, users will be able to provide liquidity for the WUSD-BUSD trading pair and receive WEX emissions. This is part of Wault Finance’s incentives program to encourage users to hold WUSD.

WeTrust Price Live Data

Simply use Terra as the “Source” chain and Solana as the “Target” chain as outlined above on the “Transfer” tab of the Wormhole UI. Saber’s ‘Swap’ page also provides the options for USTw holders to swap USTw for other Solana stablecoins and vice versa. Saber users can swap any stablecoin for USTw, made possible by Saber’s router https://cryptolisting.org/blog/how-can-ev-ebitda-be-used-in-conjunction-with-the-price-to-earnings-p-e-ratio program. You will be prompted to redeem your tokens on the Terra chain using your Terra Station Chrome wallet. Once complete, you have successfully transferred your UST and/or LUNA from Solana → Terra. Once the transaction is confirmed on the BSC blockchain, click the “Transfer” button and “Confirm” on the UI pop-up window.

NOTE — Select “UST” from the dropdown menu if you’ve already converted your Shuttle ERC-20 UST (the one NOT highlighted in yellow as a migration-eligible asset). The Wormhole UI won’t allow you to transfer migration-eligible assets across Wormhole without migrating them first anyways. Lunatics can deposit USTw on Saber’s ‘Pools’ page to provide liquidity for swaps on Saber and earn trading fees. Due to the stable nature of Saber’s pairs, there is an option to deposit and withdraw single-sided liquidity for the USTw / USDC pool using just USTw. Subsequently, you will be prompted to approve the transaction from your Solana wallet and wait for the requisite number of confirmations.

Wrapped UST Token

In this example, we will migrate Shuttle BEP-20 UST on BSC to Wormhole USTw, and transfer the USTw from BSC → Terra. Anchor currently utilizes Shuttle to port bAssets (i.e., bETH) from Ethereum → Terra and for ETHAnchor to enable deposits of ERC-20 UST and other Ethereum stablecoins (i.e., Orion Money) into Anchor. ETHMirror, the Ethereum-side version of Mirror Protocol, currently uses Shuttle to allow users to interact with Mirror from Ethereum, as Mirror is built natively on Terra. To reduce the chance of user error resulting in lost funds, users can ONLY transfer Shuttle UST and LUNA → Wormhole V2 USTw. The reverse transfer from Wormhole V2 (LUNAw and USTw) → Shuttle is not possible.

How Wault Finance’s New WUSD Token Could Create a New Paradigm for Stablecoins

With Columbus-5 now live, all LUNA seigniorage generated by the expansion of the UST supply will be burned. For Terra, if you hold Terra-native UST or LUNA in your Station wallet, there is NO NEED to migrate tokens using Wormhole. You can simply begin transferring UST or LUNA across Ethereum, BSC, or Solana immediately.

Previously, Terra executed a joint liquidity incentive program with Saber using 24K in wLUNAv1 as incentives for the wUSTv1/USDC pool on Saber, which has aggregated more than $123 million since. If you migrate your Shuttle ERC-20 UST to Wormhole using the UI steps above, please only LP or swap USTw on the Factory53 pool in the link two lines above. Over time, rewards from the existing Shuttle UST 3Pool on Curve will be migrated to the USTw pool above, and liquidity should follow suit — progressively depleting Shuttle ERC-20 UST liquidity on Ethereum in favor of Wormhole. Your MetaMask wallet will pop up, requiring you to confirm the transaction and pay the corresponding ETH gas fees.

Additionally, Saber LP tokens have utility on a growing number of Solana protocols including Parrot.fi. You can then begin transferring USTw and LUNAw across Ethereum, Solana, Terra, and BSC immediately. Importantly, even if you don’t think you hold Shuttle assets, you should follow the steps below to ensure you don’t have any migration-eligible assets, which is easy to follow and handled by the UI.

delete

$0 03 Wrapped USTC Token USTC Token Tracker

The emissions going to that WUSD pool will increase when WUSD’s price is below peg, stimulating buying demand to receive higher yields. Likewise, if WUSD’s price rises above $1, emissions to the pool will decrease, which may lead to less desire to hold the stablecoin and some selling to stabilize the peg. Additionally, if WUSD moves off-peg, the treasury will receive more funding support from WSwap trading fees. The 15% previously mentioned will be flexible according to the movements of WUSD’s market price. For every 0.001 under $1 that the stablecoin drops according to a 24-hour time-weighted average price (TWAP), the treasury will earn an extra 0.5% in trading fees. The WSwap Emissions Support will sustain itself on a positive cycle of reinforcement created by the buying pressure generated on WEX.

  • We will provide further updates on Terra Bridge, Mirror, and Anchor migrations to Wormhole soon.
  • Additionally, if WUSD moves off-peg, the treasury will receive more funding support from WSwap trading fees.
  • Wormhole V2 assets are incompatible with Shuttle assets, and so are the exchange wallets and many Shuttle ERC-20 UST and LUNA pools on Ethereum.
  • In the short-term, Shuttle will continue to exist until sufficient migration of liquidity has occurred, and the plans for deprecating Shuttle are announced publicly.
  • Students will be required to complete the “Self-Disclosure Form” available at the admissions office to report and request special accommodation services Form.

Shuttle tokens will continue to be localized to the ETHMirror contract for the time being. From the user’s perspective, the only difference will be the interface swapping the tokens, but the rest of the interaction with Mirror will be identical. Notably, Wormhole V2 has launched with ONLY UST and LUNA support until Mirror and Anchor migrate independently to Wormhole within the next 2 weeks.

Bitcoin, Ethereum, and Dogecoin Dip as Profit-Taking…

Select “UST” from the dropdown menu (the one NOT highlighted in yellow) as the asset to transfer as this is the migrated V2 USTw. Enter the amount to transfer and click “Next.” In this example, we will transfer USTw from Solana → Terra. Again, we STRONGLY advise that users pay close attention to disclaimers on centralized and DeFi-exchanges supporting BSC and ETH versions of Terra tokens as Shuttle UST and LUNA are DIFFERENT assets than Wormhole USTw and LUNAw. In the meantime, users can migrate Shuttle assets to Wormhole and transfer them across Terra, Ethereum, Solana, and BSC using the Wormhole UI in the link below iterated step-by-step in the remainder of the article for each chain. Additionally, the Wormhole V2 UI will ONLY enable users to transfer compatible USTw and LUNAw for the time being until more assets are listed following the Mirror and Anchor migrations. First, it’s important to denote that Wormhole V2 Terra assets are different from the current Shuttle bridge assets circulating on Ethereum, Polygon, and Binance Smart Chain.

Remember to “Redeem” your tokens on the target chain, as prompted in the Wormhole UI. You’ve now successfully migrated Wormhole V1 UST and/or LUNA to Wormhole https://cryptolisting.org/blog?offset=0&term= V2 UST and/or LUNA and have successfully transferred UST/LUNA from Solana → Terra. Eventually, the MIM-UST pool will be migrated to a Wormhole UST pool.

WASHINGTON UNIVERSITY OF SCIENCE AND TECHNOLOGY

The pools will enable users to deposit/borrow USTw, borrow against USTw, and farm the USTw-USDC pools with Apricot’s token incentives and LP fees, respectively. LUNAw incentives for Apricot’s USTw pool are also pending an incentive plan for deploying LUNAw for liquidity mining. The Solana transfer and migration process is slightly different than Ethereum and BSC since Shuttle assets are not circulating on Solana. However, V1 Wormhole UST (wUSTv1) and LUNA (wLUNAv1) are currently circulating on Solana and should be migrated to the V2 versions, USTw and LUNAw before being transferred across Wormhole. If you hold Shuttle BEP-20 UST and/or LUNA on BSC, you can migrate your tokens to Wormhole versions (USTw and LUNAw) using the Wormhole UI. The UI automatically connects to your MetaMask or Binance Wallet and scans for “migration-eligible” assets, including Shuttle BEP-20 UST and LUNA.

Washington University of Science and Technology

Next, you will be taken to the Wormhole V2 migration page displayed below, which lists the migration-eligible ERC-20 UST + LUNA assets from your wallet that need to be migrated to USTw and LUNAw before transferring across Wormhole. Once the Terra Bridge UI is ready, Shuttle token holders, meaning users holding ERC-20 or BEP-20 Terra tokens on Ethereum or BSC, respectively, will be able to migrate their Shuttle tokens to Wormhole directly through the Terra Bridge interface. Notably, this will include all Shuttle assets as defined by the list of assets in the link below, rather than just UST or LUNA currently available in the Wormhole UI as of today. Below, we outline the UI for Wormhole using Terra assets, including an easy-to-follow walkthrough guide that includes the migration plans for users on multiple chains that hold wrapped versions of Terra assets from Shuttle to convert them to Wormhole. The Admissions administrative staff provides valuable guidance to prospective students in regard to admission requirements for each program, and academic system. The staff can also assist the students in securing the needed documents to complete the admission process.

WeTrust markets

Mercurial will be launching a new 3Pool containing USTw (as opposed to the original wUSTv1 3Pool) that will be incentivized with LUNAw pending an incentive plan deploying LUNAw for liquidity mining. Once you migrate your V1 UST or LUNA to USTw or LUNAw, you can transfer them across Terra, Ethereum, or BSC from Solana by navigating back to the “Transfer Tokens” page below and selecting Solana as the “Source” chain. Once migrated, you can then begin transferring USTw and LUNAw across Ethereum, Solana, Terra, and BSC immediately. If you hold ERC-20 UST or LUNA, please refer to the migration and transfer steps in the Wormhole UI specific to Ethereum in the first section above. In the steps above, you’ve now completed the migration of Shuttle BEP-20 UST and/or LUNA to Wormhole USTw and/or LUNAw, and successfully transferred your UST or LUNA from BSC to Terra.

Please make sure that you have enough ETH in your MetaMask wallet to pay for the transaction so that the message highlighted in yellow in the screenshot below does not appear. The above is simply to give you an idea of the planned migration of application-specific contracts to Wormhole. For the user, much of the complexity in the background will be abstracted away and the process will be straightforward.

You have successfully migrated the legacy wUST_v1 tokens to UST (wormhole v2) tokens. The token page shows information such as price, total supply, holders, transfers and social links. Washington University of Science and Technology (WUST) students are able to access their courses from Canvas. Canvas utilizes the best and most popular system in the world today. Students will be able to experience their online courses in an intuitive and easy to use interface. Now the Wormhole V2 and UI support for Terra → Solana is live, Saber is going to launch a Wormhole V2 USTw/USDC pool that will be incentivized with LUNAw pending an incentive plan for deploying LUNAw for liquidity mining.

Separate announcements and details will follow for mAssets, MIR, ANC, and other Terra assets moving forward. More details can be found in the next section regarding Terra Bridge. As such, we have notified exchanges supporting Shuttle ERC-20 assets and relevant third-party projects about the gradual transition to Wormhole as the preferred cross-chain bridge for Terra, Ethereum, Solana, and BSC moving forward. The guide below also incorporates some complementary source material for users to send Terra assets to leading Solana projects like Mercurial, Saber, and Apricot.