- Terra Luna Classic (LUNC) is among the day’s top gainers.
- LUNC L1 Task Force aims to restore parity with proposal #11511.
- The forked version, LUNA 2.0, bounced back from an all-time low.
The embattled community behind the once-thriving Terra system is putting effort into reviving the blockchain a year after one of the largest financial disasters in the modern era. In May 2022, Terra’s stablecoin Terra Classic USD (USTC) lost its peg and dropped to just two cents on the dollar. On top of that, the algorithmic stablecoin shredded to pieces the sister token Terra (LUNA).
The LUNC community is voting on proposal #11511, which could be crucial for the Terra ecosystem’s future. The proposal for the V2.0.1 upgrade implies a plan that would restore parity between Terra Luna Classic (LUNC) and LUNA 2.0. Ultimately, this would mean that the dApps currently on the relaunched version of Terra could also work on…
