Terra 🌍Powered by LUNA 🌕

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Terra 🌍Powered by LUNA 🌕
@terra_money
Fueled by a passionate community and deep developer talent pool, the Terra blockchain is built to enable the next generation of Web3 products and services.
linktr.ee/terra.moneyJoined July 2018
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Terra 🌍Powered by LUNA 🌕
@terra_money
Important Notice for the Terra Community regarding the Crypto Loss Bar Date: The Preliminary Crypto Loss Bar Date for filing Crypto Loss Claims - for chapter 11 voting purposes only - in the Chapter 11 bankruptcy cases of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited
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Terra 🌍Powered by LUNA 🌕
@terra_money
A post-mortem on everything that transpired the past week is in progress. It will be published asap. These are tremendously difficult times for everyone affected. The feelings are still raw. Please be safe. The strength of the #LUNAtics has been amazing. More to come.
Terra 🌍Powered by LUNA 🌕
@terra_money
The Terra blockchain has resumed block production. Validators have decided to disable on-chain swaps, and IBC channels are now closed. Users are encouraged to bridge off-chain assets, such as bETH, to their native chains. Note: Wormhole bridge is currently unavailable.
Terra 🌍Powered by LUNA 🌕
@terra_money
1/ Terra 2.0 is coming. With overwhelming support, the Terra ecosystem has voted to pass Proposal 1623, calling for the genesis of a new blockchain and the preservation of our community.
Terra 🌍Powered by LUNA 🌕
@terra_money
1/ The prevailing peg pressure on $UST from its current supply overhang is rendering severe dilution of $LUNA. The primary obstacle is expelling the bad debt from UST circulation at a clip fast enough for the system to restore the health of on-chain spreads.
Terra 🌍Powered by LUNA 🌕
@terra_money
The Terra blockchain has resumed block production. Delegations are disabled now that the chain is live with the new code merge. Validators, please check the Discord announcements for the latest patch notes.
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Terra 🌍Powered by LUNA 🌕
@terra_money
The patch release is out: github.com/terra-money/co Delegations will be disabled once block production resumes. The network should go live once 2/3 of the voting power comes online. An update will be provided accordingly.
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Terra 🌍Powered by LUNA 🌕
@terra_money
1/ Block 1 of the brand new Terra blockchain (with a chain_id of “Phoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022! Congratulations to the #LUNAtic community on this expeditious feat of collaboration 🎉
Terra 🌍Powered by LUNA 🌕
@terra_money
Please see the tweet from
@LFG_org
below for transparency on LFG activities & reserves
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LFG | Luna Foundation Guard
@LFG_org
1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets: · 80,394 $BTC · 39,914 $BNB · 26,281,671 $USDT · 23,555,590 $USDC · 1,973,554 $AVAX · 697,344 $UST · 1,691,261 $LUNA
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Terra 🌍Powered by LUNA 🌕
@terra_money
1/ Yesterday, we said Terra 2.0 is coming. Tomorrow, it arrives. The community has been working around the clock to coordinate the new chain’s launch. Subject to potential change, we expect Terra to go live on May 28th, 2022 at around 06:00 AM UTC.
Terra 🌍Powered by LUNA 🌕
@terra_money
📣Attention $LUNA airdrop recipients 📣We are aware that some have received less $LUNA from the airdrop than expected & are actively working on a solution. More information will be provided when we have gathered all of the data, so stay tuned.
Terra 🌍Powered by LUNA 🌕
@terra_money
Validators are applying a patch to disable further delegations, and they will coordinate to restart the network in a few minutes.
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Terra 🌍Powered by LUNA 🌕
@terra_money
The Terra blockchain was officially halted at a block height of 7603700. lcd.terra.dev/blocks/latest Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.
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Terra 🌍Powered by LUNA 🌕
@terra_money
The patch release is out: github.com/terra-money/co Delegations will be disabled once block production resumes. The network should go live once 2/3 of the voting power comes online. An update will be provided accordingly.
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Terra 🌍Powered by LUNA 🌕
@terra_money
Validators are applying a patch to disable further delegations, and they will coordinate to restart the network in a few minutes. x.com/terra_money/st…
Terra 🌍Powered by LUNA 🌕
@terra_money
Replying to
@terra_money
9/ Please note that TFL is in the war room and has been non-stop for the past four days working on solutions and potential avenues to help affected users and stop the bleeding. Publicly, we will continue to release updates as developments unfold.
Terra 🌍Powered by LUNA 🌕
@terra_money
1/ Recently, bad actors have been capitalizing on Terra-related events by purchasing $LUNA & posting fake proposals on Station with phishing sites quoted in the link. These proposals claim to lead users to a preview of Terra 2.0 & dApps launched by us - which is not the case.
Terra 🌍Powered by LUNA 🌕
@terra_money
Prop 1188 to execute the Community Pool $UST burn and cross-chain $UST burn detailed in the thread below is now live for voting on Station: station.terra.money/proposal/1188
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Terra 🌍Powered by LUNA 🌕
@terra_money
1/ The prevailing peg pressure on $UST from its current supply overhang is rendering severe dilution of $LUNA. The primary obstacle is expelling the bad debt from UST circulation at a clip fast enough for the system to restore the health of on-chain spreads.
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Terra 🌍Powered by LUNA 🌕
@terra_money
1/ Recently, a few community members (including some from TFL) have referred to the proposed new blockchain in Prop 1623 as a “fork” as opposed to a genesis chain. Note: The revival plan is not proposing a “fork” of the existing chain, but rather the creation of a new one 🧵.
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@terra_money
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@terra_money
10/ Outside of Twitter, we’re active with our moderators on Discord and Telegram, where you can get assistance with many of the moving parts due to the past day’s events. More to come. Please bear with us.
Terra 🌍Powered by LUNA 🌕
@terra_money
1/ Prop 1299 to (re)enable IBC has passed but did not successfully execute due to technical issues. Namely, the proposal attempted to enable IBC transfers which were already enabled 🧵.
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Terra 🌍Powered by LUNA 🌕
@terra_money
1/ The #LUNAtic community continues to amaze. Within a week of Terra 2.0 going live, many of your favorite dApps are up & running. More to come 🔜As part of launch, Terra’s Agora governance forum is getting an upgrade 💪
Terra 🌍Powered by LUNA 🌕
@terra_money
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@terra_money
3/ TFL is also initiating three more emergency actions: 1. Proposal to burn the remaining UST in the community pool. 2. TFL will burn the remaining 371 million UST cross-chain on Ethereum. 3. TFL just staked 240 million $LUNA to defend from network governance attacks.
Terra 🌍Powered by LUNA 🌕
@terra_money
If you are using the public infra, please do not spam it at this time as we are experiencing naturally high levels of transaction volume. Please be mindful of our public infra usage. More updates on today's events and future plans to follow.