Terra 🌍 Powered by LUNA 🌕
@terra_money
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Post-Chapter 11, Terraform Labs began winding down and is no longer active. All official Delaware U.S. Court bankruptcy filings are at the profile link.
Joined July 2018
The deadline to file Crypto Loss Claims for the Terraform Labs Pte. Ltd. Wind Down Trust has been extended through May 16, 2025, at 11:59 p.m. Eastern Time. Creditors must file their Eligible Crypto Loss Claims via by this date. Late submissions will not.
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The Terra blockchain has officially halted at block 7607789. Terra Validators have halted the network to come up with a plan to reconstitute it. More updates to come.
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A post-mortem on everything that transpired the past week is in progress. It will be published asap. These are tremendously difficult times for everyone affected. The feelings are still raw. Please be safe. The strength of the #LUNAtics has been amazing. More to come.
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All updates will be posted on this Twitter account (@terra_money). Any other Twitter accounts purporting to represent Terra are fake. Users are advised to be on the lookout for scams.
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The Terra blockchain was officially halted at a block height of 7603700. Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.
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The Terra blockchain has resumed block production. Validators have decided to disable on-chain swaps, and IBC channels are now closed. Users are encouraged to bridge off-chain assets, such as bETH, to their native chains. Note: Wormhole bridge is currently unavailable.
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1/ Terra 2.0 is coming. With overwhelming support, the Terra ecosystem has voted to pass Proposal 1623, calling for the genesis of a new blockchain and the preservation of our community.
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1/ The prevailing peg pressure on $UST from its current supply overhang is rendering severe dilution of $LUNA. The primary obstacle is expelling the bad debt from UST circulation at a clip fast enough for the system to restore the health of on-chain spreads.
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The Terra blockchain has resumed block production. Delegations are disabled now that the chain is live with the new code merge. Validators, please check the Discord announcements for the latest patch notes.
The patch release is out:. Delegations will be disabled once block production resumes. The network should go live once 2/3 of the voting power comes online. An update will be provided accordingly.
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1/ Block 1 of the brand new Terra blockchain (with a chain_id of “Phoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022! . Congratulations to the #LUNAtic community on this expeditious feat of collaboration 🎉.
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The final Post-Attack snapshot to calculate the genesis $LUNA distribution for Terra 2.0 has now passed. Validators will now be hard at work assembling a genesis file for the launch. Stay tuned.
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Please see the tweet from @LFG_org below for transparency on LFG activities & reserves.
1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets:.· 80,394 $BTC.· 39,914 $BNB.· 26,281,671 $USDT.· 23,555,590 $USDC.· 1,973,554 $AVAX.· 697,344 $UST.· 1,691,261 $LUNA.
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1/ Yesterday, we said Terra 2.0 is coming. Tomorrow, it arrives. The community has been working around the clock to coordinate the new chain’s launch. Subject to potential change, we expect Terra to go live on May 28th, 2022 at around 06:00 AM UTC.
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📣 Attention $LUNA airdrop recipients 📣. We are aware that some have received less $LUNA from the airdrop than expected & are actively working on a solution. More information will be provided when we have gathered all of the data, so stay tuned.
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Statement from @stablekwon on the corrective course for Terra. We're not going anywhere #LUNAtics -- let's rebuild, together. Terra is here to stay.
1/ Dear Terra Community:.
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Validators are applying a patch to disable further delegations, and they will coordinate to restart the network in a few minutes.
The Terra blockchain was officially halted at a block height of 7603700. Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.
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The patch release is out:. Delegations will be disabled once block production resumes. The network should go live once 2/3 of the voting power comes online. An update will be provided accordingly.
Validators are applying a patch to disable further delegations, and they will coordinate to restart the network in a few minutes.
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With the passing of Prop 1623 earlier today, the #LUNAtic community is gearing up for the next chapter in Terra’s story 📖. Get all of the information you need on the new $LUNA airdrop ahead of the launch on May 27th 👇.
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Things are gonna get spicy real soon. Beras beware. $UST $BTC.
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1/ We have published an amendment to Proposal 1623, incorporating the community’s feedback since its publication 2 days ago. Please see below for details 👇.
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The $LUNA airdrop is almost here 🪂. Get all of the information you need on the $LUNA airdrop calculation logic in our most recent post 👇.
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Time to vote #LUNAtics 👇 #TerraIsMoreThanUST.
1/ Terra governance prop #1623 to rename the existing network Terra Classic, LUNA Classic ($LUNC), and rebirth a new Terra blockchain & LUNA ($LUNA) is now live. Vote here:
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1/ Liquidity brawl behind the scenes amid material $UST peg deviation on third-party venues. Fighting back. More updates are incoming #LUNAtics. Hang on, fam. Here are some resources to combat misinformation:.
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9/ Please note that TFL is in the war room and has been non-stop for the past four days working on solutions and potential avenues to help affected users and stop the bleeding. Publicly, we will continue to release updates as developments unfold.
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1/ Recently, bad actors have been capitalizing on Terra-related events by purchasing $LUNA & posting fake proposals on Station with phishing sites quoted in the link. These proposals claim to lead users to a preview of Terra 2.0 & dApps launched by us - which is not the case.
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Prop 1188 to execute the Community Pool $UST burn and cross-chain $UST burn detailed in the thread below is now live for voting on Station: .
1/ The prevailing peg pressure on $UST from its current supply overhang is rendering severe dilution of $LUNA. The primary obstacle is expelling the bad debt from UST circulation at a clip fast enough for the system to restore the health of on-chain spreads.
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1/ Happy airdrop day, #LUNAtics! 🪂. The $LUNA airdrop claim interface is now live for all eligible users ⚡.
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1/ Recently, a few community members (including some from TFL) have referred to the proposed new blockchain in Prop 1623 as a “fork” as opposed to a genesis chain. Note: The revival plan is not proposing a “fork” of the existing chain, but rather the creation of a new one 🧵.
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10/ Outside of Twitter, we’re active with our moderators on Discord and Telegram, where you can get assistance with many of the moving parts due to the past day’s events. More to come. Please bear with us.
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1/ Thrilled to reveal the blossoming collaboration between @avalancheavax and Terra will also be further solidified with a $100 million Treasury Swap between TFL and the Avalanche Foundation of $LUNA <> $AVAX to strategically align ecosystem incentives!.
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1/ The long awaited [REDACTED] 💎3 is here!. 📣 The Luna Foundation Guard (LFG) has closed a $1 billion private token sale to establish a decentralized $UST Forex Reserve denominated in $BTC! 📣. 🧵👇.
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1/ Prop 1299 to (re)enable IBC has passed but did not successfully execute due to technical issues. Namely, the proposal attempted to enable IBC transfers which were already enabled 🧵.
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1/ Columbus-5 is now officially live as the new Terra mainnet! . Welcome to the future of Terra 🌕.
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1/ The #LUNAtic community continues to amaze. Within a week of Terra 2.0 going live, many of your favorite dApps are up & running. More to come 🔜. As part of launch, Terra’s Agora governance forum is getting an upgrade 💪.
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Extraordinary things often have unexpected origins. What a year. $UST $LUNA.
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The voting period for Prop 1747 to burn the remaining $UST in the Community Pool + cross-chain liquidity incentive $UST ends in less than 24 hours!. Cast your vote 👇. View the proposal details 👇.
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3/ TFL is also initiating three more emergency actions: . 1. Proposal to burn the remaining UST in the community pool. 2. TFL will burn the remaining 371 million UST cross-chain on Ethereum. 3. TFL just staked 240 million $LUNA to defend from network governance attacks.
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1/ Thrilled to announce that @chainlink has officially gone live with their integration of premium market data on the Terra testnet! . #LUNAtics, please welcome DeFi’s most widely relied on, decentralized price oracle solution to the Terra ecosystem :) .
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If you are using the public infra, please do not spam it at this time as we are experiencing naturally high levels of transaction volume. Please be mindful of our public infra usage. More updates on today's events and future plans to follow.
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1/ The @wormholecrypto support for Terra in the V2 UI is live! . Transfers of $UST and $LUNA between Terra, @ethereum, @solana, and @BinanceChain via Wormhole’s cross-chain bridge are now available :) .
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10/ We are proud to be working closely with CEX partners, such as @binance, @bybit_official and many others, to support the airdrop to our community members who held tokens on exchanges.
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7/ Overall, approximately 1,388,233,195 will be eliminated from the UST supply upon executing the three proposed items above. This equates to roughly 11% of the outstanding supply.
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8/ Expelling the system's bad debt with the above items should help restore the on-chain swap spreads to a meaningful level where the peg pressure on UST is significantly alleviated. Once the new base pool proposal passes, this will also expedite the process.
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2/ To expedite this goal, several measures are being taken. First, the current Prop 1164 will expand the base pool size and accelerate the burn rate of UST – helping deflate on-chain spreads.
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1/ After much anticipation, we’re excited to announce that the [REDACTED] American professional sports partner of the Terra Community Trust (TCT) is the Washington Nationals MLB franchise! . Read the official press release here 👇.
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What should Terra's $BTC Reserve for $UST be called?. Submit your ideas below 👇.
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1/ 🚨Announcement🚨. Today, we’re excited to roll-out a new Governance Alert Bot 🤖 that will alert you to the latest governance activity happening on Terra 👇.
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1/ Prop 1188 to ‘Burn the remaining UST in community pool + cross-chain liquidity incentive UST’ passed but did not successfully execute due to technical issues - it attempted to burn more $UST from the pool than existed. More info can be found here 👇.
Terra can't make it "disappear" - the vote passed and was executed automatically by the system. However the execution failed due to incorrect parameter (malformed proposal that was not caught by proposer). We will have to redo the proposal. I can check for validity.
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1/ The first step towards {REDACTED} is now complete. Introducing the formation of the Luna Foundation Guard (LFG).
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Kraken welcomes the 🌕. $LUNA.
NEW token listed on Kraken: $LUNA @terra_money 🌕 . Deposits begin NOW! Trading is live December 16th ✨. ➡️ Learn more:
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1/ Terra’s first step towards building the interface to Web3 is complete. We’re thrilled to announce the launch of Station 🛰 – an interchain wallet that simplifies the often complex process of interacting with multiple blockchain networks.
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6/ Token distribution details can be found in the governance proposal, but to summarize:.● Community pool: 30%.● Pre-attack $LUNA holders: 35%.● Pre-attack aUST holders: 10%.● Post-attack $LUNA holders: 10%.● Post-attack $UST holders: 15%.
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6/ TFL is currently exploring the best avenue to burn the remainder of its UST holdings, much of which has been accrued in recent days to absorb the sell-offs of UST in various open markets.
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Roughly 7.2 million $LUNA has been burned in the last 5 days.
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1/ Terra Bridge V2 is now LIVE on Terra mainnet using @axelarcore & @cosmosibc! 🙌. With V2, users can transfer assets to & from Terra 2.0, Ethereum, Osmosis, Secret, Cosmos, & Juno ↔️.
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Eventful day . Volatility . Knives out . FUD abound . Anchor liquidations orderly . Terra protocol humming. On-chain spreads healthy . 3-pool rebalancing . Anchor withdrawals stabilized. $UST peg fine. Ezpz stress test . Mr. Kwon watering the plants again . Nice try beras. gn.
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14/ Our strength will always be in our community, and today is the most resounding sign yet of our resilience. We can’t wait to resume our work together building the future of money.
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4/ You can find the full Agora proposal for burning the remainder of the community pool UST in the link below, including the proposal to burn the cross-chain UST. The vote will go live shortly.
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Terra's ecosystem sprint into the end of the year is gonna be a sight to behold. Bonus -- IBC and Wormhole go live next week ;)
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5/ TFL will port the remainder of the UST deployed as liquidity incentives on Ethereum (371 million UST) over the past few months back to Terra and burn it all using the burn module pending the result of the governance proposal.
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1/ A new proposal to airdrop $LUNA from the Community Pool to users who either did not receive the correct allocation of $LUNA at Genesis due to technical constraints or issues associated with indexing is live on Agora 👇.
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1/ The builders have been busy, #LUNAtics 👷♂️ New updates are now LIVE on Terra Station mobile! 👇🏽.
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1/ Proposal 128 to initiate IBC on Terra has passed, meaning that IBC is now live on the Terra mainnet :). Stay tuned for once the relayer channels are set up, and users can begin transferring tokens between Terra and the Cosmos ecosystem from Station.
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Got something exciting cooking for later this week 🧑🍳👀.
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1/ 📣 #LUNAtics, your portal to the best community in Web3 just got an upgrade. The new and improved is now live! 📣. Check it out, make yourself at home, and give us your feedback 👇. 🔗
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3/ It will effectively create a new Terra chain without the algorithmic stablecoin. The old chain will be called Terra Classic (token: $LUNC), and the new chain will be called Terra (token: $LUNA). The chain upgrade will commence a few hours after the Launch snapshot.
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5/ $LUNA will be airdropped across $LUNA Classic stakers, $LUNA Classic holders, residual $UST holders, and essential app developers of Terra Classic.
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13/ Terra is powered by a passionate community and a deep pool of developer talent. Many of you shared thoughts and ideas on the proposal, and those contributions led to significant improvements. Thank you for your engagement.
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1/ We’re pleased to present the new website!.
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17/ As a community, we said we would rise from the ashes. Tomorrow, one of the most decentralized and community-owned blockchains ever will launch as a result.
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1/ Prop 446 to establish the emergency $LUNA allocation method for builders is live on Terra Station. The $LUNA allocation is aimed at providing teams with runway capital to continue building on Terra 2.0. Cast your vote 👇.
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2/ A new prop (Prop 1747) has been posted with updated parameters. If passed, this proposal will burn the remaining $UST in the Community Pool + cross-chain liquidity incentive $UST.
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9/ Today marks the beginning of the next chapter for the Terra community; one in which our potential knows no bounds & our collective creativity can flourish. This is it #LUNAtics - it’s time to build 🚀.
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UPDATE -- The Columbus-5 migration has commenced and is currently underway. DO NOT interact with the Terra blockchain during this period. We will immediately relay once the migration is complete and Columbus-5 is live, stable, and accessible by all. Please stay tuned.
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1/ Read up on the latest happenings on Terra from project updates to governance proposal outcomes in our August Community Update 🌎👇.
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📣 #LUNAtics, be aware that our account is NOT in any way affiliated with @TerraLunaHQ, who up through this point has been copying all of our tweets 📣.
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2/ The Terra Ecosystem Revival Plan – which has everything you need to know about our path forward – can be read in full here.
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8/ Voting on Prop 1623 ends in 5 days. Please review these amendments and cast your votes if you haven’t yet voted. 🗳️. If you’ve already voted & disagree with these revisions, please vote “No”. 👇.
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1/ #LUNAtics, your votes are in and the Terra Phoenix Airdrop proposal has passed ✅. With the passing, 19,504,909 $LUNA will be requested from the Community Pool to execute an airdrop to wallets that did not receive the correct amount at Genesis. 🧵👇.
On-chain Proposal vote ended!. Prop #986: Terra Phoenix Airdrop. Status: Passing 🟢 99.99% of YES votes, 0.01% of NO votes, turnout: 62.26%. Link:
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📣 Attention #LUNAtics 📣. On March 1st 8pm EST, @stablekwon & @KariyaKanav of @JumpCryptoHQ will be doing a deep dive into crypto, DeFi, $UST, & $LUNA. You won’t want to miss it!. ⏰ Set your reminders for this giga-brain discussion 🧠.
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1/ The Columbus-5 mainnet deployment will be delayed ~3 weeks until a new block height of 4,724,000, roughly equivalent to the following times: . 9/29 at 20:30 PST .9/30 at 03:30 UTC.9/30 at 12:30 KST.
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9/ The removal of these wallets from the airdrop whitelist will make Terra a fully community-owned chain. We believe this is an important step to empowering our ecosystem.
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2/ To reach this point so quickly speaks volumes about our incredible community of users, validators, developers, and exchange partners 🌎 . We’d like to thank each and every one of you for making this possible 🤝.
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BTW, did we mention you can now make @anchor_protocol deposits directly from the Terra Station desktop wallet? . Enjoy your savings.
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Congratulations to our partner @okx on their 5-year anniversary! OKX has supported the launch of Terra 2.0 and $LUNA is available for trading on their platform 👇.
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3/ We are aware of the issues associated with this proposal & are working on getting the IBC channels open for users as soon as possible. Stay on the lookout for future updates!.
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The supply of $UST is at an all-time high. $LUNA is hitting new all-time highs. Columbus-5 is ~22 days away. A deluge of projects enveloping $UST and providing diverse sources of demand are ready to launch after Col-5. IYKYK.
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There's quite possibly 2 separate {REDACTED}'s this month. January is gonna be fun innit.
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1/ 📣 The upgrades keep on coming, and today we’re super excited to introduce the new Terra Docs! 📣. Take a look 👀👉 Your team has worked hard to roll out the #bestdocsindefi. Here’s what's new on the Terra Docs 🧵👇.
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4/ The final release of the new Terra Core has been released in preparation for the new chain launch on 27 May: . The code has successfully passed an audit by @scv_security:
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1/ The on-chain votes for proposals 133 and 134 to burn the 88.675 million Pre-Col-5 $LUNA in the Community Pool (~$4.5 billion), swapping for $UST using the on-chain swap, and reducing the oracle_rewards_pool distribution window from 3 to 2 years have now passed!.
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