Breaking: Terraport Relaunches on Terra Classic (LUNC) Following Hack

Terraport, the Terra Classic-based DeFi platform, has successfully relaunched three months after the attack that led to the loss of billions of LUNC.

TerraCVita, the Terra Classic (LUNC) development group, has relaunched its DeFi platform Terraport. The relaunch comes three months after the attack that resulted in the loss of billions of LUNC in user funds. 

The relaunch was announced today by the Terraport team through their official Twitter handle. Notably, the relaunch of the protocol starts with reopening the staking and vesting functionalities, per the announcement.

UPDATE:

Terraport Staking and Vesting are online.

Mobile version: Pending release updated Terra Station

https://t.co/r0x1FB14nn pic.twitter.com/13eXY9PzXc

July 7, 2023

A look at the official platform shows that users can now vest and stake TERRA, the native token of the Terraport protocol. In a message within the TerraCVita Telegram group, the team urged users to leverage the opportunity to claim and stake their TERRA tokens.

Data from the staking section shows up to six staking plans for users, with an annual percentage rate (APR) ranging from 16% to 100%. 

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