Following a recent joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal emerges in the coming quarters. It proposed the formation of a dedicated team consisting of six senior engineers.
Terra Allies’ senior full stack engineering team, known as the “Six Samurai”offerThe third quarter spending proposal underlines the profound commitment as a holder of LUNC with an unwavering determination to achieve. “True Ecological Restoration”, with the team pledging their efforts and expertise to achieve this goal.
Terra was originally a multi-part ecosystem, however, TerraUSD (UST) Stablecoin and its LUNA asset faced disaster in 2022, causing massive changes to the project and Terra now has a new blockchain called Terra 2.0 with new assets. Also called LUNA, but is most commonly referred to as Terra ( LUNA2 ).
In May 2022, a new chain’s Genesis Block was launched for future transactions, and the original Terra chain was rebranded as Terra Classic.
Presenting a detailed plan for the third quarter of 2023, the team proposed a budget of $116,000, setting milestones such as the migration from Columbus-5 to Columbus-6 and the upgrade to the latest Cosmos SDK.
Their roadmap also includes the listing of Terra Classic on the web interface of Keplr, a web-based visualization tool for analytics, and Mintscan, a Cosmos block explorer for crypto exchanges and cryptocurrency exchanges. customer
in their offer The team expressed readiness to take the necessary action to achieve true ecosystem restoration. They also emphasized their willingness to collaborate and coordinate with other teams authorized to develop LUNC. As a result, the LUNC community has shown positive feedback. Leaning towards voting in favor of this proposal.
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