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Terra Luna Classic Validators Divided On Proposal To Revive USTC And LUNC To $1

source-logo  coingape.com 11 September 2023 18:40, UTC

The Terra Luna Classic turned down a proposal to urge the L1 Terra Classic Task Force (L1TF) core development team to test market swap with a limiter. LUNC and USTC market swap function was disabled after the 2022 Terra-LUNA crisis and can help repeg USTC and revive LUNC price to $1. However, L1TF and Quant developer teams believe switching it back on at this time is not resourceful.

coingape.com