The Layer One Joint Task Force (L1JTF) in the Terra Luna Classic (LUNC) community has returned 344 million LUNC tokens to the community pool as part of their efforts to revitalize the protocol. These unused funds from Q3 2023 will now be deployed into financing activities for subsequent quarters. Vinh Nguyen, the squad leader of L1JTF, confirmed the return of the funds and stated that the remaining funds from Q3 have also been returned to the community pool. The L1JTF will now enter maintenance mode for Q4 2023, during which they plan to resolve issues with Astroport, address chain issues, and support Pull Requests for Layer-1 logic approved by the governance. Nguyen clarified that the roadmap for 2024 will be prepared in Q4. In addition to the maintenance mode, the LUNC ecosystem has recently endorsed the burning of 800 million USTC tokens and received overwhelming support for the introduction of a decentralized debit card. These upgrades are all aimed at revitalizing the ecosystem.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Aru Basu, Vinh Nguyen |
| Companies | Layer One Joint Task Force (L1JTF), Stakebin, Terra Luna Classic (LUNC), Astroport |
| Currencies | None |
| Securities | None |
