Terra (LUNA)

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(Redirected from LUNA)

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

History

"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

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token Allocation

"At the Pre-Attack snapshot, hold:

  1. LUNA (including staking derivatives)
  2. Less than 500k aUST (UST deposited in Anchor)

And/or at the Post-Attack snapshot, hold:

  1. LUNA (including staking derivatives)
  2. UST"

Utility

Other Details

Coin Distribution

Technology

Implementations

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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