Thank you for being patient as the core teams have been heads down dealing with the situation.
The following is the latest information related to the bug and subsequent chain halt.
Next week, we will uphold @terra_money signal prop 44 and initiate a proposal to burn 90M Luna in the community pool to mint $UST for Ozone.
This will reduce Luna total supply by 90M, and increase $UST supply by roughly 3-4 billion.
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IBC coming to @terra_money on Sept 9 means weโll have a lot more assets available on @wormholecrypto and @solana, with Terra being the hub for all cross-chain activity
Itโs a great time to be part of the $SOL and $LUNA communities
1/ The long awaited governance proposal to upgrade the @terra_money mainnet to Columbus-5 is now out:
Agora post: https://t.co/26SqrNdRtt
Proposal link:
Go vote on Terra Station now: https://t.co/W9oyqf9EAh
#Bifrost NFT Badges have been distributed to the IRIS Hub mainnet address of testnet winners in May.
๐Winners can choose to redeem #NFT Badges into corresponding $IRIS rewards within the designated period in @WalletRainbow
https://t.co/hTJf0k26Qe
1/ The markets chose violence this weekend.
Terra's honeymoon phase is over. The platform's stability mechanism was not merely tested... the market tried to destroy it. Terra survived.
And now we're more confident than ever that building on Terra is the right move. Here's why: