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After the recent collapse, the Terra ecosystems has been working on a revival plan. A majority of the Terra community members have voted in favor of a hardfork. In With increased commotion surrounding these revival plans, Terra decided to roll out amendments to the proposal 1623. This would entail three key changes as In a Tweet, Terra shared three major revisions to the proposed Terra revival and redistribution plan. These include increasing the genesis liquidity, introducing a new liquidity profile for pre The change will be from 15% to 30%, and according to Terra, this may mitigate future inflationary pressures and increase the token’s supply during the launch. $UST peg failure is Terra’s DAO hack moment - a chance to rise up anew from the ashes. Summary. Create a new Terra chain without the algorithmic stablecoin. The After the implosion of the TerraUSD (UST) stablecoin, Terraform Labs CEO Do Kwon suggested a “rebirth” plan in which he proposed creating Luna (LUNA) 2.0 tokens on In a Tweet, Terra shared three major revisions to the proposed Terra revival and redistribution plan. These include increasing the genesis liquidity, introducing a new

Here are the Amendments to the Terra Revival Plan: Understanding the LUNA 2.0 Changes

After the recent collapse, the Terra ecosystems has been working on a revival plan. A majority of the Terra community members have voted in favor of a hardfork, aiming to breathe new life into the project after the devastating $UST peg failure. This $UST peg failure is Terra’s DAO hack moment - a chance to rise up anew from the ashes. The plan involves creating a new Terra chain without the algorithmic stablecoin.

With increased commotion surrounding these revival plans, Terra decided to roll out amendments to the proposal 1623. This would entail three key changes as, In a Tweet, Terra shared three major revisions to the proposed Terra revival and redistribution plan. These include increasing the genesis liquidity, introducing a new liquidity profile for pre and post-attack LUNA holders, and making adjustments to the token distribution schedule. Terraform Labs CEO Do Kwon suggested a “rebirth” plan in which he proposed creating Luna (LUNA) 2.0 tokens on a new blockchain.

Key Amendments to the Terra Revival Plan:

According to Terra's official announcements, the amendments primarily focus on token distribution and liquidity to ensure a more stable and sustainable launch for LUNA 2.0. These include increasing the genesis liquidity, introducing a new tokenomics model designed to mitigate inflationary pressures and incentivize long-term holding.

One of the most significant changes is the increase in genesis liquidity. The change will be from 15% to 30%, and according to Terra, this may mitigate future inflationary pressures and increase the token’s supply during the launch. This aims to provide a more robust market for LUNA 2.0 at its inception.

In a Tweet, Terra shared three major revisions to the proposed Terra revival and redistribution plan. These include increasing the genesis liquidity, introducing a new liquidity profile for pre-attack LUNA holders, and changes to the vesting schedule are also crucial components of the revised plan. These changes are aimed at fair distribution and mitigating the risk of market manipulation.

Summary: The amendments to the Terra revival plan are designed to address the concerns raised by the community and ensure a more successful launch of LUNA 2.0. Stay updated on the latest developments to understand the full impact of these changes on the Terra ecosystem.

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