Evmos Claiming & Staking Guide on Keplr Wallet

<p>At P2P Validator we have been closely following the current situation with Terra. By now everyone has had an opportunity to bring forward a solution and an <a href="https://agora.terra.money/t/terra-ecosystem-revival-plan-2-updated-and-final/18498?ref=p2p.org">important proposal</a> has just been put up for onchain voting. We would like to express our position concerning the current state of things and ways to move forward.</p><p>In our governance decisions, we aim to maximize value for the community, represented by the following three groups:</p><ul><li>LUNA and UST holders from before the depeg event. This is the core community of the Terra ecosystem, including some long-time holders. We can assume that most of them had some degree of involvement, not just a short-term speculative interest. This is also the group which has suffered most from the fast crash of their investments. That is why we believe that any course of action should first prioritise the interests of these people. Inside this group, UST holders should be prioritised higher than LUNA holders, because the former invested on a promise of a low-risk, stable asset, while the latter worked with a naturally volatile asset - thus the difference in approach.</li><li>Protocol teams and validators. These are the key stakeholders for building value for the ecosystem, who have invested time and money to facilitate Terra’s growth. In addition to being harmed by the current situation, these are the only actors who can rebuild the ecosystem, thus creating new value, which can be used to repay other community members who suffered from the depeg. That is why we have to keep their interests in mind, as a second-level priority.</li><li>Post depeg holders of LUNA and UST. We should give a lower priority to their interests. These holders joined in on an extremely volatile asset, taking a risk to gain high rewards. The community is not responsible for providing them with an artificial safety net.<br></li></ul><p>And there is also TFL - a major stakeholder, whose actions during the crisis are questionable, with some legal action expected against them soon. We don’t believe that any plan should focus on protecting TFL as they should have been fully aware of the risks they were taking.</p><p>To sum up, old holders &gt; protocol teams &amp; validators &gt; new holders &gt;&gt; TFL.</p><p>Our options are currently few - we can either find a way to compensate the victims with existing funds (presumably from TFL/LFG) and stop the chain OR try to build new value to do that while also saving the ecosystem (presumably in the form of a new chain). The former option relies on the good will of TFL who are committed to option 2. There is just no valuable asset left in Terra to do that, so it seems like the only option we have is to build. The building option can follow three general paths:</p><ol><li>New chain under TFL’s leadership (i.e. <a href="https://agora.terra.money/t/terra-ecosystem-revival-plan-2-updated-and-final/18498?ref=p2p.org">proposal 1623</a>) - we can save the ecosystem and the community, try to bring new value, albeit with a dubious leader ahead of the process, who, however, has been the only one capable of decisive actions on the ecosystem level since May 8. We will only be supportive of this proposal if we see a clear indication that TFL and LFG are excluded from the token distribution, TFL has a compelling vision for the new project, and TFL is not perceived as toxic by the community. We can not vote YES for such a proposal at the moment.The issues are: only one address excluded for TFL and none for LFG, no clear vision for the new chain, general disbelief from the community. However, we would support introducing an incentive program for TFL (e.g. tiered unlock of funds tied to the new chain’s market cap) if the aforementioned issues are solved - otherwise there is no reason for them to lead and participate if all their accounts are excluded at genesis.</li><li>New chain without TFL. Same as above, but the progress is to be driven by the community (most likely protocol teams + validators). This is a fresh start, but the success without a leadership structure in such turbulent conditions is questionable. We will be happy to support the proposals that follow this path if we see a new leadership team among the community members who can drive this endeavour.</li><li>Move projects to other chains and restart there. These might be a good option for some specific teams, but it leaves the victims of depeg alone.w</li></ol><p>P.S. Separately, there is an alternative path explored by the ‘Burn LUNA’ <a href="https://station.terra.money/proposal/1273?ref=p2p.org">proposal</a>. This one in particular lacks sufficient detail to be accepted in such form. Specifically, it does not describe any clear benefits for the stakeholders, and the implementation plan is ambiguous. Nevertheless, we will conduct additional research to see if this line of thinking could be promising for the UST / LUNA holders.</p><hr><p><strong><strong>About P2P Validator</strong></strong></p><p><em><em><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading staking provider with the best industry security  practices and proven expertise. We provide comprehensive due-diligence  of digital assets and offer only high class staking opportunities. At the time of the latest update, <strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>more than </strong></strong></strong></strong></strong></strong></strong></strong>2.9<strong><strong><strong><strong><strong><strong><strong><strong> billion of USD value is staked with P2P Validator by over 2</strong></strong></strong></strong></strong></strong></strong></strong>5<strong><strong><strong><strong><strong><strong><strong><strong>,000 delegators across 25+ networks.</strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></strong></em></em></p>

<p>We love to see the excitement surrounding the EVMOS relaunch! We want to make sure that all participants are clear of any doubts during this event so we have gone through the forums and community channels and collected the most commonly asked questions and answered them below. <br><br>Before we begin, here is the Evmos relaunch rollout plan (estimated timeline): </p><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text"><strong>Phase 1 (day 1): </strong><br>✅ Evmos enabled <br>❌ Airdrop disabled<br>❌ Staking rewards disabled <br>❌ IBC transactions (e.g. to/from Cosmos and Osmosis) disabled <br><br><strong>Phase 2 (day 3-4): </strong><br>✅ Evmos enabled<br>✅ Airdrop enabled<br>❌ Staking rewards disabled <br>❌ IBC transactions (e.g. to/from Cosmos and Osmosis) disabled<br><br><strong>Phase 3 (at minimum 5-6 days after relaunch)</strong><br>✅ Evmos enabled<br>✅ Airdrop enabled<br>✅ Staking rewards enabled<br>✅ IBC transactions (e.g. to/from Cosmos and Osmosis) enabled</div></div><h2 id="faq"><strong><u>FAQ</u></strong><br></h2><p><strong>Q: When will mainnet be relaunched?</strong></p><p>A: Mainnet will restart on the 27 April 2022, and will continue off at block 58700.</p><p><strong>Q: If I claimed and/or staked before mainnet failure do I have to do it again?</strong></p><p>A: No you will not have to. The chain will continue as it was one block before the mainnet failure.</p><p><strong>Q: What about the remaining 25% to claim?</strong></p><p>A: You will be able to claim the remaining 25% once IBC transactions are enabled in PHASE 3, at minimum 5-6 days after relaunch.</p><p><strong>Q: When will claiming and staking features be enabled?</strong></p><p>A: Staking will be enabled at the same time as relaunch, on the 27th of April. Note that staking rewards will be enabled in Phase 3, at minimum 5-6 days after relaunch. Claiming the airdrop will not be live until Phase 2 (3-4 days after the relaunch). </p><p><strong>Q: When will staking rewards be enabled?</strong></p><p>A: In the spirit of fairness, rewards will be disabled until Phase 3, at minimum 5-6 days after relaunch to give everyone a fair chance to claim.</p><p><strong>Q: Who is eligible to claim?</strong></p><p>A: If you staked <strong>OSMO</strong>, or <strong>ATOM</strong>, or paid gas on top dApps on <strong>Etherium </strong>before Nov 26th 2021, you are likely to be eligible for Evmos airdrop. You can find more information on eligibility in the following article under “<a href="https://evmos.blog/the-evmos-rektdrop-abbe931ba823?ref=p2p.org">Rektdrop Eligibility</a>”. </p><p><strong>Q: What wallets can be used to claim and stake my EVMOS?</strong></p><p>A: Currently only Metamask. To claim on Keplr we hav to wait for IBC transfers to be enabled. Ledger connections will work very soon too. Staking rewards are disabled until everyone has a fair chance to claim. </p><p><strong>Q: Where and how do I claim my tokens?</strong></p><p>A: An updated guide will be provided shortly after relaunch.</p><p><strong>Q: How long do I have to claim my EVMOS tokens?</strong></p><p>A: There is no timeline yet.</p><p><strong>Q: What happened during the mainnet failure?</strong></p><p>A: The Evmos team found a critical security vulnerability that required a quick upgrade. This upgrade was ill-tested and caused several double-signing errors requiring the chain to be halted to solve the issue.</p><p><strong>Q: Can I buy Evmos?</strong></p><p>A: There currently is no exchange to purchase EVMOS, however it is estimated that a Evmos DEXs will be set shortly after mainnet. Later we may also see exchange services provided by Osmosis zone, Diffusion Finance, Cronus Finance, Exswap, Evmoswap... Look out for the one with the most liquidity. One of them will probably win the race and become the dominant DEX</p><p><strong>Q: Can I transfer my Evmos?</strong></p><p>A: Yes, once the chain is relaunched transfers will work within Evmos. IBCs will be enabled soon after the relaunch.</p><p><strong>Q: What dapps are built on Evmos?</strong></p><p>A: You can find a list of dapps coming to Evmos <a href="https://github.com/tharsis/awesome?ref=p2p.org">here</a>.</p><p><strong>Q: What is Diffusion?</strong></p><p>A: <a href="https://chaindebrief.com/all-you-need-to-know-about-diffusion-finance/?ref=p2p.org">Diffusion Finance</a> is a Uniswap V2 fork, one of the first AMMs for Evmos — an EVM that leverages the Cosmos SDK enabling use cases around composability, interoperability and fast finality.</p><p><strong>Q: How to access to Testnet?</strong></p><p>A: Tech doc to set up the node: <a href="https://evmos.dev/testnet/join.html?ref=p2p.org">https://evmos.dev/testnet/join.html</a>. Instructions to get some tokens:  <a href="https://evmos.dev/testnet/faucet.html?ref=p2p.org">https://evmos.dev/testnet/faucet.html</a></p><p><strong>Q: Where can I find Evmos official announcements?</strong></p><p>A: You can follow Evmos Official announcements on their <a href="https://twitter.com/EvmosOrg?ref=p2p.org">Twitter</a>, <a href="https://t.me/EvmosAnnouncements?ref=p2p.org">Telegram</a>, or <a href="https://discord.com/invite/spqPzhHT?ref=p2p.org">Discord</a>. </p><hr><h3 id="about-p2p-validator">About P2P Validator</h3><p><a href="https://p2p.org/?ref=p2p.org">P2P Validator</a> is a world-leading staking provider with the best industry security  practices and proven expertise. We provide comprehensive due-diligence  of digital assets and offer only high class staking opportunities. At the time of the latest update, <strong><strong><strong><strong>more than </strong></strong>2.9<strong><strong> billion of USD value is staked with P2P Validator by over 2</strong></strong>5<strong><strong>,000 delegators across 25+ networks.</strong></strong></strong></strong></p><p>Want to stake EVMOS with us? Visit <a href="https://p2p.org/evmos?ref=p2p.org">https://p2p.org/evmos</a> to find out more about Evmos staking.</p><p>If you have any questions, feel free to join our<a href="https://t.me/P2Pstaking?ref=p2p.org"> Telegram chat</a>, we are always open for communication.</p>