USTC Repeg's proposal declined by Terra Luna Classic

posted  19 Aug 2023
Photo - USTC Repeg's proposal declined by Terra Luna Classic
The community of Terra Luna Classic has dismissed the USTC Repeg team's request for funding. Voting outcomes showed 45% in support, 43% objecting with veto power, and 11% rejected it outright.

Even though 11 of the 17 validators were in support, the proposal failed to gain traction with the general public. The request was for 285 million LUNC ($20,000) to refine an instrument for the USTC Incremental Repeg Buybacks & Staking Swaps algorithm.