/biz/ - Business & Finance

>>51397669
>Why is lunc only .00018 on osmosis frontier? What's the catch? I'm getting fucked am I not
you can't withdraw it until the IBCs are reopened... which may take months. it's a long-term hold. technically you can swap Osmo LUNC for other coins, then get the money out that way, but the slippage and fees will rape you and make you lose upwards of 80%. and there's no way to send the LUNC itself out. it's a degen play buying it now and hodling, which is why it's so cheap.

>>51351206
>Any updates on the osmosis ibc news? I was willing to risk getting a few mil there because of the price. Apparently a lot of people use it, so there was some pressure to get it moving again, but I haven’t heard much recently
nothing super new, but it's only a matter of time until the channels are reopened, Terra Rebels are aware of the problem and will fix it. I'm so much of a degen that I've stopped stacking LUNC at current prices on cexes and am buying it on Osmo for 1/3rd of the price. just wait and hodl, WAGMI.

>>51333582