The LUNC community has long sought ways to increase on-chain volume and bring real utility to the blockchain. As we strive for mass adoption, it’s clear that we need practical,…
Context and Justifications for the Fork
The Terra fork occurred in response to the collapse of USTC and the massive devaluation of the LUNA token in May 2022. This event…
1. Introduction
The depeg of the TerraUSD (USTC) stablecoin in May 2022 was a catastrophic event for the Terra ecosystem and the broader cryptocurrency market. This post-mortem report aims to…
