🚨Terra Luna Classic $LUNC – What Do the Latest Governance Votes Really Mean? 🗳️👇
Over the past weeks, several key governance decisions have been made within the LUNC ecosystem. They clearly show both the direction of development and the structural limitations of the project.
🔹 Proposal #12209 – LUNC Forex Genesis + EUTC Repeg ✅
This proposal has been approved, signaling that the community is still pushing for a new stablecoin model, this time linked to Forex mechanisms and the EUTC repeg concept.
➡️ Ambitious vision, but for now more experimental than market-ready.
🔹 Proposal #12207 – Agora as the Official Forum ✅
Agora has been approved as the official governance discussion platform for Terra Classic.
➡️ A positive step toward better organization and transparency.
🔹 Active & Controversial Proposals 👀
▫️ #12206 – CSM v2 (Collateralized Stablecoin Module)
▫️ #12200 – Hyperlane Integration (ETH, BSC, Solana)
▫️ #12198 – Funding IBC Relayer Activity
▫️ #12197 – Wasmd Unforking (Code Standardization)
➡️ Technically necessary, but no guarantee of mass adoption.
🛠️ Technical Foundations Are Improving
✔️ v3.6.0 upgrade successfully deployed
✔️ IBC relays funded and maintained
❌ At the same time, the community rejected risky fund recovery proposals
⚠️ The Biggest Issue for LUNC?
👉 Low quorum and a divided community
Many proposals fail to pass due to low participation or validator resistance to high-risk ideas.
🧠 Investor Takeaway:
LUNC is alive and technically progressing, but:
❗ no strong, clear use case yet
❗ governance often slows real execution
❗ potential exists — delivery remains the challenge
📌 This is a project for patient, risk-aware participants, not short-term speculation.
