Terra Luna Classic Community Approves Proposal for KYC Procedures
LUNC community approves Proposal 12033 for mandatory KYC, enhancing Terra Luna Classic's security and fostering confidence.
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LUNC community approves Proposal 12033 for mandatory KYC, enhancing Terra Luna Classic's security and fostering confidence.
LUNA and LUNC have completed an A-B-C corrective structure.
A Terra Labs spokesperson accused the case of being 'highly politicized.'
Ongoing efforts behind the scenes are still progressing in hopes of revitalizing the struggling Terra network, with the second iteration of the blockchain set to launch on mainnet this week.
With the LUNA token plummeting more than 99%, validators decided to halt operations on the Terra chain on Thursday to prevent a governance attack.
UST has gained the trust of the DeFi community. It is a veritable decentralized stable currency that does not require a central management agency to ensure sufficient reserves to support prices. Stablecoins play an important role in DeFi through staking, liquidity management, and yield generation.