Key LUNC Proposal Cut Triggers Luna Classic Price Apocalypse

Terra Luna Classic’s (LUNC) community just downvoted the proposal #12192. This governance proposal is focused on USTD, a full-fledged decentralized & automated yield-bearing stablecoin on LUNC’s blockchain. LUNC Community Throws Away Stablecoin Proposal The downtrodden Layer-1’s native crypto community has been looking into ways to restore the original stablecoin USTC’s peg to $1, but it continues to trade at pennies on the dollar. Some chain validators, like Garuda Universe, had abstained from voting on the new stablecoin, while the vast majority said no. https://twitter.com/SaqlainAli888/status/1971340454395617363 Right after this rejection, the related altcoin Luna Classic (LUNC) slumped by 10.3% to bump

Continue reading on DailyCoin.