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$LUNC will hodl
#Lunc
untill it will go up again
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1.000.000 bounty program $LUNC https://commonwealth.im/terra-luna-classic-lunc/discussion/24481-repeg-system-for-terra-luna-classic-lunc-1000000-bounty
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Discussion for a Flawless Repeg System for Terra Luna Classic (LUNC) - $250,000 Bounty The Luna Classic community, in its pursuit to restore the stability and value of $USTC, hereby announces a bounty of $250,000 for the development of a flawless system to repeg USTC to its intended $1 value. This proposal outlines the requirements, process, and expectations for this initiative. The primary goal is to design, develop, and implement a system that ensures USTC maintains its peg to the USD without the risks that led to the previous depegging event. Requirements for the System: 1. **Stability:** The system must ensure that USTC remains pegged at $1, regardless of market conditions, through mechanisms that automatically adjust supply or demand without human intervention. 2. **Security:** Implementations must be secure against exploits, including but not limited to flash loans, arbitrage, and other known DeFi vulnerabilities. 3. **Transparency:** All algorithms and mechanisms must be open-source, allowing for community review and audit. 4. **Decentralization:** The system should not rely on a single point of failure or centralized entities for its operation. 5. **Economic Incentives:** Design incentives that encourage holders to maintain the peg, possibly through staking, yield farming, or other innovative financial instruments. 6. **Scalability:** The solution should be scalable to handle high transaction volumes without compromising on speed or cost. 7. **Interoperability:** The system should ideally integrate with existing DeFi protocols for liquidity and utility enhancement. Discussion Submission: -Proposals should include: - A detailed whitepaper explaining the mechanics of the repeg system. - Technical documentation including code snippets or full code if available. - Security audits or plans for audits. - Economic models showing how the system maintains the peg. - A timeline for development, testing, and deployment. **Evaluation Criteria:** - **Feasibility:** How practical is the solution in terms of implementation and maintenance? $LUNC
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$KOKO
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🚀Terraform Labs and Do Kwon agree to temporarily resolve SEC fraud case $LUNA $LUNC
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