- Terraform Labs is working on implementing a Pull Request proposal to enable LUNC/USTC swaps on TerraSwap, addressing the Terra Classic community’s demand.
- The integration is expected to restore trust in the Terra Classic protocol and provide a valuable trading pair for users.
Terraform Labs Implements Pull Request for LUNC/USTC Swaps on TerraSwap
The Terra Classic (LUNC) community is about to witness a significant development as Terraform Labs has begun working on a Pull Request (PR) proposal that will enable LUNC/USTC swaps on TerraSwap. This integration, long awaited by the community, aims to provide a valuable trading pair and restore trust in the Terra Classic protocol.
Since its inception, the Terra Classic community has been advocating for the implementation of LUNC/USTC swaps. On June 17th, a proposal for this token trading pair was introduced, and a Pull Request was promptly submitted to formalize the proposal. Exciting news followed, as Terraform Labs, as confirmed by the official Twitter account of LUNCBurnArmy, accepted the Pull Request and initiated the merging process.
The merging of the Pull Request is currently underway, and there is a hopeful anticipation that it will be completed today. The LUNCBurnArmy has assured the community that updates will be provided once the merging process is finalized. This step taken by Terraform Labs signifies a commitment to fulfilling the community’s demands and further enhancing the Terra Classic ecosystem.
The Terra Classic protocol faced a significant setback with the collapse of Terra (LUNA) and the algorithmic stablecoin TerraUSD (UST). However, a dedicated group of developers emerged to restore the glory of the original chain, now known as Terra Classic. Efforts to revitalize LUNC and rebuild the protocol have been ongoing, and the introduction of a trading pair for LUNC and its associated stablecoin demonstrates the community’s resourcefulness and commitment to their needs.
In addition to the implementation of LUNC/USTC swaps, notable milestones have been achieved in the Terra Classic ecosystem. A bug bounty campaign was recently launched to invite Whitehat hackers to identify and address any vulnerabilities that could pose long-term risks. This initiative aims to foster growth and ensure a secure environment for participants.
LUNC, once a favored digital currency among crypto investors, has experienced a significant decline in value, dropping over 99.9% from its All-Time High (ATH) of $119. Presently, LUNC is being traded at a price of $0.000082, indicating a 4.83% decrease over the past 24 hours. The implementation of LUNC/USTC swaps on TerraSwap is expected to breathe new life into the Terra Classic ecosystem and potentially contribute to the recovery of LUNC’s value.
As Terraform Labs moves forward with the Pull Request proposal, the Terra Classic community eagerly awaits the completion of the merging process. The introduction of LUNC/USTC swaps on TerraSwap represents a significant step toward addressing the community’s demands, fostering growth, and rebuilding trust in the Terra Classic protocol.
