Difference between revisions of "Terra (LUNA)"
(Created page with "Aka Terra 2.0. The new chain that was [https://twitter.com/terra_money/status/1530432065585528834?s=21&t=r3Tf67-ORhPO_B1TyLA8tQ created] after Terra Classic got rekt due to the UST depeg of 9-5-2022. ==Basics== *Based in: *Started in / Announced on: the week after the UST depeg of Terra Classic (9-5-2022) *Mainnet release: [https://twitter.com/terra_money/status/1530432065585528834?s=21&t=r3Tf67-ORhPO_B1TyLA8tQ 2...") |
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''"When the TerraUSD algorithmic [[StableCoin|stablecoin]] (UST) lost its peg, millions of dollars were wiped out in a matter of days. The [[COIN|coin]], which used to carry a redeemable-for-a-dollar guarantee, has been trading for just a nickel. And LUNA, its [[governance]] [[token]], which last month had a [[Market Cap|market cap]] of more than $30 billion, has seen that metric slip to $680 million. The company behind it all got its start in 2018. Right before Terra’s UST lost its dollar peg on May 9, the Luna [[Foundation]] Guard [[Bitcoin]] reserve had grown to 42.5 BTC, at the time worth $1.4 billion. But when the Bitcoin price started to tank, UST lost its peg and would eventually drag LUNA, the TerraForm Labs team, and thousands of investors down with it."'' | ''"When the TerraUSD algorithmic [[StableCoin|stablecoin]] (UST) lost its peg, millions of dollars were wiped out in a matter of days. The [[COIN|coin]], which used to carry a redeemable-for-a-dollar guarantee, has been trading for just a nickel. And LUNA, its [[governance]] [[token]], which last month had a [[Market Cap|market cap]] of more than $30 billion, has seen that metric slip to $680 million. The company behind it all got its start in 2018. Right before Terra’s UST lost its dollar peg on May 9, the Luna [[Foundation]] Guard [[Bitcoin]] reserve had grown to 42.5 BTC, at the time worth $1.4 billion. But when the Bitcoin price started to tank, UST lost its peg and would eventually drag LUNA, the TerraForm Labs team, and thousands of investors down with it."'' | ||
Shortly after, a vote happened to launch a new chain, Terra 2.0. Which [https://twitter.com/terra_money/status/1530432065585528834?s=21&t=r3Tf67-ORhPO_B1TyLA8tQ launched] on the 28th of May. This chain did not have built-in [[burn]] mechanisms or UST. | Shortly after, a [https://agora.terra.money/t/terra-ecosystem-revival-plan-2-passed-gov/18498 vote] happened to launch a new chain, Terra 2.0. Which [https://twitter.com/terra_money/status/1530432065585528834?s=21&t=r3Tf67-ORhPO_B1TyLA8tQ launched] on the 28th of May. This chain did not have built-in [[burn]] mechanisms or UST. | ||
==Audits & Exploits== | ==Audits & Exploits== | ||
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===Launch=== | ===Launch=== | ||
===Token Allocation=== | ===Token Allocation=== | ||
* All LUNA got [[airdropped]] ([https://medium.com/terra-money/terra-2-0-luna-airdrop-cd08a6d9cfcd 26-5-2022]): | |||
''"At the Pre-Attack [[Snapshot (The Portal)|snapshot]], hold:'' | |||
# ''LUNA (including [[staking]] [[derivatives]])'' | |||
# ''Less than 500k aUST (UST deposited in [[Anchor (ANC)|Anchor]])'' | |||
''And/or at the Post-Attack [[snapshot]], hold:'' | |||
# ''LUNA (including staking derivatives)'' | |||
# ''UST"'' | |||
===Utility=== | ===Utility=== | ||
===Other Details=== | ===Other Details=== | ||
| Line 47: | Line 60: | ||
==Their Other Projects== | ==Their Other Projects== | ||
==Roadmap== | ==Roadmap== | ||
*Can be found [Insert link here]. | *Can be found [Insert [[LINK|link]] here]. | ||
==Usage== | ==Usage== | ||
===Projects that use or built on it=== | ===Projects that use or built on it=== | ||
* [[Astroport (ASTRO)|Astroport]] | |||
* [[Prism (PRISM) (Terra Project)|Prism]] | |||
* RandomEarth | |||
* Spectrum | |||
* Nebula | |||
==Competition== | ==Competition== | ||
==Pros and Cons== | ==Pros and Cons== | ||
Revision as of 07:24, 30 May 2022
Aka Terra 2.0. The new chain that was created after Terra Classic got rekt due to the UST depeg of 9-5-2022.
Basics
- Based in:
- Started in / Announced on: the week after the UST depeg of Terra Classic (9-5-2022)
- Mainnet release: 28-5-2022
History
- From Decrypt (22-5-2022):
"When the TerraUSD algorithmic stablecoin (UST) lost its peg, millions of dollars were wiped out in a matter of days. The coin, which used to carry a redeemable-for-a-dollar guarantee, has been trading for just a nickel. And LUNA, its governance token, which last month had a market cap of more than $30 billion, has seen that metric slip to $680 million. The company behind it all got its start in 2018. Right before Terra’s UST lost its dollar peg on May 9, the Luna Foundation Guard Bitcoin reserve had grown to 42.5 BTC, at the time worth $1.4 billion. But when the Bitcoin price started to tank, UST lost its peg and would eventually drag LUNA, the TerraForm Labs team, and thousands of investors down with it."
Shortly after, a vote happened to launch a new chain, Terra 2.0. Which launched on the 28th of May. This chain did not have built-in burn mechanisms or UST.
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
- All LUNA got airdropped (26-5-2022):
"At the Pre-Attack snapshot, hold:
- LUNA (including staking derivatives)
- Less than 500k aUST (UST deposited in Anchor)
And/or at the Post-Attack snapshot, hold:
- LUNA (including staking derivatives)
- UST"
Utility
Other Details
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Built on: Tendermint
- Programming language used:
Transaction Details
How it works
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
(:
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