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Terra Luna Classic Dev Proposes Liquid Staking Derivatives Developer Parker Lowe submitted a proposal “Allow Various ICA Host Message Types (For QuickSilver)” to Commonwealth and took to Twitter to bring community attention to it. The proposal is signed by Fragwuerdig, Parker Lowe, Rexxaurus, Ohhbilbobaggins, and LuncBurnArmy . advertisement Fragwuerdig said the proposal can massively improve LUNC staking ratio on the Terra Classic chain. CosmoSreXx believes LUNC liquid staking derivatives (LSD) would help bring value to the coin and Terra Luna Classic chain. “We introduce to the LUNC community our first proposal for liquid staking derivatives with Quicksilver Protocol.” Excellent proposal 👏 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

As revealed earlier by the developer group, the L1TF team will work with the RedlineDrifter-led USTC repeg team after the v2.1.1 parity upgrade to bring attention to USTC stablecoin. advertisement Terra Classic L1 Team To Work On USTC Repeg Joint L1 Task Force project manager LuncBurnArmy in a series of tweets on June 20 confirmed that the L1TF will work with the newly formed Quant team. He also expresses support for any tasks that pass governance voting by the Terra Luna Classic community. After a minor dispute in the development team, RedlineDrifter and LuncBurnArmy had a productive discussion on work related to USTC repeg. The L1TF will remove the ‘reserve architecture/design’, and other USTC items, except the market module that requires intense testing on testnet. The quant team should seek alternative funding methods for the reserve if CEX does not support the divergence tax proposal. Thus, the architecture/design of the reserve is suggested to...

Terra Classic Dev “Zaradar” Doubts the Success Of Cosmwasm Upgrade Proposal 11511 “Proposal for v2.0.1 Upgrade” by Joint L1 Task Force has passed with received 99.5% votes in favor of the proposal, while only some objected to the proposal. Moreover, major validators such as Allnodes, StakeBin, JESUSisLORD, Lunanauts, and SolidVote support the proposal. The proposal will end on May 15 and developers are already preparing for the upgrade as the community always passes such proposals. advertisement However, core developer Tobias “Zaradar” Anderson believes the “upgrade will be difficult using an upgrade handler without excessive work.” Can we all agree that maybe the nuclear option for the WASM module is the path of least resistance.” As GoinGape earlier reported, the upgrade includes several critical features such as a minimum initial deposit for governance proposals that will prevent spam, upgraded Cosmos SDK a...

After Do Kwon ’s arrest in Montenegro, the United States and South Korea has been seeking extradition. In fact, as reported recently, Do Kwon ’s extradition has already become a betting opportunity. On the prediction platform Polymarket, several people are placing bets on the country that Kwon would possibly be extradited to. At press time, bets on South Korea were higher and priced at 68 cents, when compared to 32 cents for the United States. Now, it should be noted that the criminal penalties are more in the United States when compared to South Korea. In fact, there is a huge difference between the maximum prison time. Citing a Yonhap News Agency report, Chinese Crypto Journalist Colin Wu explained, “ The penalties for different crimes in the United States can be added up, and the maximum sentence of Do can reach more than 100 years, while the maximum sentence in South Korea is only about 40 years. “ According to YNA, Do Kwon had denied U.S. jurisdiction while on the ...