🚨 Breaking News: Terra Luna Classic Unveils USTC Repeg Plan!
The Terra Luna Classic community is buzzing with excitement as validator Vegas Morph proposes a bold new plan to repeg USTC to $1. After a 15% surge in LUNC price in just a week, the momentum continues to build as confidence returns.
Key Developments driving bullish sentiment:
Token burns by Terraform Labs
The highly anticipated Tax2Gas upgrade
Major security enhancements
Vegas Morph's plan outlines critical steps for safely reactivating the market module:
Integrate an oracle module for real-time USTC price feeds
20% burn fee allocation, 20% to the Oracle Pool, and 60% to maintain the peg
Multiple virtual liquidity pools with activation conditions
A hard cap on LUNC and USTC supply to prevent unwanted token minting
A kill switch for additional security
RedlineDrifter from the Quant USTC repeg team has shown support, calling for the community to dive into this ambitious proposal!
Could this be the turning point for Terra Luna Classic? Stay tuned and get involved! #TerraLunaClassic #LUNC #USTC #CryptoRepeg #Blockchain
