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Added ashHUAHUA #4717

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merged 1 commit into from
May 29, 2024
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@jijicodes jijicodes changed the title feature: added ashHUAHUA Added ashHUAHUA May 27, 2024
"base": "factory/chihuahua1hplyuj2hzxd75q8686g9vm3uzrrny9ggvt8aza2csupgdp98vg2sp0e3h0/uhuahua.ash",
"name": "Burned HUAHUA",
"display": "ashHUAHUA",
"symbol": "ashHUAHUA",
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This symbol has lowercase letters, meaning it derives from HUAHUA in some way. How so? Please define the relationship using the traces property.

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@JeremyParish69
ashHUAHUA is minted when burning HUAHUA token. This is done by Ash DAO's furnace dapp-
https://chihuahua.burn.community/

Just like ashLAb - #4516

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Thanks. I'm still not clear exactly what the purpose is. Can it be redeemed to turn ashHUAHUA back into HUAHUA? Or is it more like a 'receipt' of having burned HUAHUA? Does it earn the user rewards or anything?
I'm trying to figure out whether both of these should be defined as a 'synthetic' version of the original asset, but that would only make sense if it's meant to follow the same price action, which I'm not sure is the case here.

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@jijicodes jijicodes May 29, 2024

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Thanks. I'm still not clear exactly what the purpose is. Can it be redeemed to turn ashHUAHUA back into HUAHUA? Or is it more like a 'receipt' of having burned HUAHUA? Does it earn the user rewards or anything?

It is a receipt token that signifies that the huahua was burned and cannot be reverted back to HUAHUA.

I'm trying to figure out whether both of these should be defined as a 'synthetic' version of the original asset, but that would only make sense if it's meant to follow the same price action, which I'm not sure is the case here.

They are not meant to relate to each other on a price level. Happy to update the trace property but would love an example to model this one's after if you know of any applicable cases.

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For now I can't think of an appropriate example, so I'm not sure the current usage of traces will work with this. For now I think we can proceed without it.

@JeremyParish69 JeremyParish69 marked this pull request as draft May 27, 2024 18:39
@jijicodes jijicodes marked this pull request as ready for review May 28, 2024 18:45
@JeremyParish69 JeremyParish69 merged commit 72335df into cosmos:master May 29, 2024
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2 participants