Helping rebuild the Terra Classic protocol into the most inclusive and censorship resistant network in the world. RT, Posts β Financial Endorsements. NFA. DYOR.
Announcing the launch of Terra Classic Foundation (TCF) - a non-profit organisation registered in Estonia with a mission to help rebuild the Terra Classic protocol into the most inclusive and censorship resistant network in the world. π
We are looking for ways to help Terra
Prop 4095 on Terra Classic to re-enable staking to existing validators has passed with 91% YES votes and 51% majority π₯³
The majority validators have chosen democracy over oligarchy! Onwards and upwards πͺπ
#lunc
#LUNCarmy
~400M $USTC from TFL owned wallets were removed from circulating supply following the court order in the SEC vs Terraform Labs case. π
The following TFL owned wallets were excluded from circulating supply calculations:
- TFL Wallet 2:
As per the recent United States District Court ruling in the SEC vs Terraform Labs Pte Ltd & Do Kwon case, the court has ordered all TFL and LFG owned assets to be transferred to the Terra Bankruptcy Estate.
The entire list of TFL and LFG owned wallets can be found here:
800M USTC has been removed from circulating supply π
Awesome work put in by
@VegasMorph
and
@Raider7019
πͺ
This is the first of many steps to help re-peg USTC to $1!
Upwards and onwards π
Another ~93M $LUNC and ~87M $USTC lying in the Terra Shuttle Bridge (BSC) contract (terra1g6llg3zed35nd3mh9zx6n64tfw3z67w2c48tn2) has been removed from circulating supply.
Changes are live on CMC and coingecko π
Anchor Market Contract (terra1sepfj7s0aeg5967uxnfk4thzlerrsktkpelm5s) was recently excluded from Circulating Supply since it has been inactive for over a year and is likely dysfunctional.
~438M $USTC has been removed from circulating supply! π
Over 12B $LUNC and 68M $USTC have been excluded from circulation from the following contracts:
- Anchor bLuna Rewards: terra17yap3mhph35pcwvhza38c2lkj7gzywzy05h7l0
- Lido Rewards Dispatcher: terra1q9cs4d4x67u6yvsaswecf0usp2rygdnmrflzfj
These funds are locked since Lido DAO
285M $USTC and 293M $LUNC were removed from circulating supply a little while ago. π
$USTC and $LUNC balances from the following wallets were taken out of circulation:
- TFL Wallet: terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6
- Anchor Overseer Contract:
$USTC and $LUNC from LFG's wallet (terra1gr0xesnseevzt3h4nxr64sh5gk4dwrwgszx3nw) were taken out of circulating supply a little while ago since the account has been dormant for almost 2 years
$USTC Circulating Supply is now down to 7.1B and trading volume (24 hrs) is up by 34% as
3 more contracts that are dysfunctional and have been inactive for over a year have been excluded from circulating supply calculations.
1. Terra Bridge - Ethereum: terra13yxhrk08qvdf5zdc9ss5mwsg5sf7zva9xrgwgc
2. Mirror Mint: terra1wfz7h3aqf4cjmjcvc6s8lxdhh7k30nkczyf0mj
3.
Nakamoto Index, which represents Node Decentralisation of PoS chains, just increased to 4 (from 3) for Terra Classic π
The recent feature of dynamic commissions for validators is already proving to be a success in making Terra Classic more decentralised. πͺ
Thanks to everyone
The recovery of $LUNC is dependent upon the recovery of $USTC
The recovery of $USTC is dependent upon multiple factors, one of which is $AVAX
How can $AVAX help $LUNC recovery?
$AVAX makes up the biggest share of LFG reserves (~45%).
The higher $AVAX goes, the more LFG's
We have added liquidity of 15M $LUNC + 68K $USTC to the LUNC-UST pool on
@terraswap_io
This brings the total liquidity of the pool to just over $40k
Happy swapping π
Staking rewards on Terra Classic comprise both $LUNC and $USTC.
If the value of $USTC goes up, staking yield for $LUNC goes up.
If the value of $USTC goes down, staking yield for $LUNC goes down.
It's a simple equation, really.
So let's not divide and rule, but rather unite
We have delegated another 30M $LUNC to
@VegasMorph
for the relentless effort on the terra classic blockchain!
This takes our total delegation to 900M $LUNC π
Upwards and onwards π
We have increased our delegations to
@luncgoblins
and
@VegasMorph
by 30M $LUNC each for the amazing work done on the 800M $USTC burn π
Our total delegation now stands at 780M $LUNC πͺ
Upwards and onwards π
We are pleased to include
@luncgoblins
in our delegation program due to the stellar work done by
@frag_dude
on the dynamic commissions module. π
We are now delegating 690M $LUNC to 11 validators on Terra Classic.
Upwards and onwards π
We have delegated another 30M $LUNC to
@hexxagon_io
for running and maintaining Galaxy Station () and Galaxy Finder ()
This takes our total delegation on Terra Classic to 930M $LUNC π
Upwards and onwards π
We have delegated another 30M $LUNC to
@LuncBurnItAll
validator to help ramp up $USTC burns π₯
This takes our total delegation to 810M $LUNC πͺ
Upwards and onwards π
$LUNC monthly volume on Binance for November has already crossed 1 Trillion, with still 10 more days for the month to end.
Compare that to October where total monthly volume was ~900B.
Get ready for an epic monthly burn from Binance on 1st Dec π₯π₯π₯
We have delegated 30M $LUNC to
@_Terraport_
for helping bring on-chain utility to Terra Classic.
This takes our total delegation on Terra Classic to 960M $LUNC π
Upwards and onwards π
We have delegated another 30M $LUNC to
@delightlabs_io
for their amazing work on
@terraswap_io
community DEX!
This takes our total delegation to 870M $LUNC π
Upwards and onwards π
Dapp activity has been steadily picking up on Terra Classic
Following are the top 2 messages by transaction fees (last 24 hrs):
- MsgSend: 24,624,228Β $LUNC
- MsgExecuteContract: 4,593,584Β $LUNC
~15% of transaction fees is now contributed by dapps - this is a significant
LUNC/USDT spot trading volumes for December have already surpassed those of November on
#Binance
with still more than half a month to go! π
Who's excited for the upcoming
#Binance
burn? π₯π₯π₯
1/3 Hodlers of $LUNC and $USTC rejoice - Proposal
#4080
on Terra Classic has passed with 94.8% majority! π
35% of all on-chain transaction fees will be burned and 10% will be airdropped to ecosystem devs every month from the community pool.
$AVAX has been removed from LFG's reserve balance
()
In all likelihood it has been transferred to the Terra Bankruptcy estate, however we shall wait for official confirmation from
@fleece_cannon
@LFG_org
Terra Classic network upgrade to 2.3.0 will take place in 3 days at block height 15493370
This upgrade will incorporate the dynamic commission module which should further help decentralise the chain.
Upwards and onwards π
3/3 With the passing of Proposal 4080, Terra Classic is now re-born and has become completely community-owned.
#Lunccommunity
#luncarmy
#LUNC
Onwards and upwards π
We have delegated another 30M $LUNC to
@hexxagon_io
for their amazing L2/infrastructure support on Terra Classic.
This takes our total delegation to 840M $LUNC π
Upwards and onwards π
We are pleased to include
@BlockscapeLab
in our delegation program due to the amazing work on the decentralised
@gravity_bridge
that connects $LUNC and $USTC to other blockchains. π
We are now delegating 720M $LUNC to 12 validators on Terra Classic πͺ
Upwards and onwards π
The combined market cap of $LUNC + $USTC is now over $1.35 Billion.
The market cap of Luna 2 is $270 Million.
$USTC + $LUNC is 5X of Luna 2 πͺπ
#LUNC
#Lunccommunity
#LUNCarmy
We are happy to include
@delightlabs_io
to our delegation program.
@delightlabs_io
runs validator nodes on over 20 chains with an uptime of 99% or higher. It also supports the terra classic ecosystem by running
@terraswap_io
- one of the largest and oldest DEX on-chain.
If you
We are pleased to include 3 more validators to our delegation program -
@stakesystems_io
,
@0baseVC
and
@THORmaximalist
@stakesystems_io
opposed the DoKwon proposal to create Terra2 by voting no_with_veto first. And while most of the validators went on to be included in the
We have launched our Delegation Program in Beta to further our mission of decentralising the Terra Classic blockchain.
We are currently delegating to
@StakeBin
@NodeOps_App
and
@hexxagon_io
and will be expanding our delegations to include more validators that are currently
2/3 Proposal
#4080
has made $LUNC & $USTC deflationary assets - making them one of the best stores of value in all of crypto.
$LUNC & $USTC are now an even better store of value than $BTC ($BTC inflation rate = ~1.8%; LUNC & USTC inflation rate is < 0%)
The rejection of prop 11849 re-affirms the community's belief in blacklisting Ozone/Risk Harbour's wallet.
Ozone/Risk Harbour's multi-sig wallet is not a sovereign wallet but rather community owned, and so blacklisting it as per the community's wishes does not pose censorship
FYI - attaching a snippet from the original prop (
#599
) used to fund the Ozone/Risk Harbour wallet from the community pool.
The prop clearly states "we ask the community fund to support us and underwrite Ozone indefinitely, unless a counter-proposal is passed to remove the said
@0x_Ears
@mandong20733043
Don't try this unless you are willing to lose all your $130k.
The spread fee of 98% is minimum - due to slippage the spread fee can go as high as 99.99%.
With a base pool of 500SDR you'll likely experience a slippage of 99.99% and lose all your money. And whatever you have