[FINANCE24H.INFO] Cập nhật những thông tin mới nhất liên quan đến Hệ sinh thái Terra LUNA 2.0 tại đây nhé!

UPDATE :  17-05-2022

This will be a living document to coordinate the new network launch with the community. Details are subject to change.

This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL.

Exchange integration, dapp migration, and validator guides have been added to “Technical Details”.

Disclaimer : Please be aware that due to technical constraints, it is not possible to include all UST and LUNA holdings on Terra and other chains in the snapshots mentioned. Assets that may not be included:

  • UST or LUNA bridged off of Terra
  • Users with bridged UST or LUNA who would like to be included in the post-attack snapshot need to bridge back to Terra before the snapshot is taken.
  • UST or LUNA on Terra protocols that cannot be easily identified
  • All protocols listed on DeFi Llama here (Terra TVL – DefiLlama 10.7k) will be covered, in addition to a few others that are known.
  • UST or LUNA on CW3 multi-sig contracts
  • Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases.

==== Amendment #1 ====

Some details of the token allocation have been modified in the proposal to accommodate community feedback – changes and reasoning outlined here. The proposal body has also been edited to reflect the changes in the amendment. If you’ve already voted and disagree with the changes, please vote “No” – you have 5 more days to do so.

  • Pre-attack Luna holders distribution – for all holders with a snapshot balance of 10k Luna or less, 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 mnth cliff. This is to ensure that small Luna holders have similar initial liquidity profiles. This would cover 99.81% of Luna wallets while only representing 6.45% of total Luna at the Pre-attack snapshot.
  • Post-attack UST holders distribution – 20% → 15%. This is to ensure that depeg related allocation is on par with the original stakeholder (pre-attack Luna) allocation. The 5% saved goes to the community pool.
  • Increase initial float: all initial float allocations modified from 15% → 30% to increase initial token float.



While UST has been the central narrative of Terra’s growth story over the last year, the distribution of UST has led to the development of one of the strongest developer ecosystems in crypto.

The Terra ecosystem and its community are worth preserving.

  • Terra’s app ecosystem contains hundreds of developers working on everything from defi to fungible labor markets, state-of-the-art infrastructure and community experience
  • Terra Station has a large install base, with million+ users across the world
  • Although distressed, strong brand recognition and a name that almost everyone in the world will have heard about

$UST peg failure is Terra’s DAO hack moment – a chance to rise up anew from the ashes.


  • Create a new Terra chain without the algorithmic stablecoin. The old chain to be called Terra Classic (token Luna Classic – LUNC), and the new chain to be called Terra (token Luna – LUNA)
  • Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic.
  • TFL’s wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain
  • Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem
  • Network security to be incentivized with token inflation. Target staking rewards of 7% p.a.

Developer Mining Program

There are essential apps that must exist in any web3 ecosystem to be viable:

  • Infrastructure – Setten
  • Dex – Astroport, Loop, Terraswap, Pheonix
  • Explorer – Finder
  • Payments / onramp – Kado, Alice
  • Wallet – Station, Leap, Falcon
  • Lending market – Mars, Edge
  • Analytics – Coinhall, Flipside
  • Staking derivative – Stader, Lido, STEAK, PRISM
  • Launchpad – StarTerra
  • Bridges – Axelar, Wormhole
  • Stablecoins – USDT / USDC bridged over
  • NFT exchange – Randomearth, Knowhere, Oneplanet, Luart, Talis
  • Insurance – Risk Harbor
  • Structured products – Nexus, Apollo, Aperture
  • Games – UNOPND etc

… and others.

Essential app developers committing to launch on Terra will receive:

  1. Emergency allocation (0.5% of total supply): immediately after network launch to provide for runway while they build out product. Commit to returning funds if product has not been launched in 1 year.
  2. Developer Alignment Program (1.5% of total supply): Protocol teams that were live in Terra Classic divide this allocation weighted by the last 30 day TVL from Pre-attack snapshot – 1 year cliff, 3 year vesting thereafter. Accommodations will be made for apps where TVL is not applicable.
  3. Developer Mining Program (8% of total supply): Essential app developers earn a share of the mining program proceeds pro-rata to the amount of TVL every quarter for 4 years.

Essential app developers looking to join for emergency allocation should signal public support for the net network on Twitter and social channels.

Token Distribution

  • Community pool: 30%
    • Controlled by staked governance
    • 10% earmarked for developers
  • Pre-attack LUNA holders: 35%
    • All bonded / unbonding Luna, minus TFL at “Pre-attack” snapshot; staking derivatives included
    • For wallets with < 10k Luna: 30% unlocked at genesis; 70% vested over 2 years with 6mnth cliff
    • For wallets with < 1M Luna: 1 year cliff, 2 year vesting thereafter
    • For wallets with > 1M Luna: 1 year cliff, 4 year vesting thereafter
  • Pre-attack aUST holders: 10%
    • 500K whale cap – covers up to 99.7% of all holders but only 26.72% of aUST
    • 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff
  • Post-attack LUNA holders: 10%
    • Staking derivatives included
    • 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff
  • Post-attack UST holders: 15%
    • 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff


  • “Pre-attack” snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 22:59:37+08:00)
  • “Post-attack” snapshot to be taken at Terra Classic block 7790000 (2022.05.27 00:38:08+08:00)

All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid.

Technical details

Roles & responsibilities

  • TFL (previously maintained mantle, station, finder, Terra Core) to prepare core public infrastructure, wallets, genfile, release binary for the launch
  • Validators (to volunteer) to declare gentx and coordinate launch shortly after the launch snapshot
  • Community leaders looking to provide oversight over the essential dev program should form a multisig to oversee the essential dev allocation & act as a steering committee for the new chain


  • 05/17 – Announcement out
  • 05/18 – Governance proposal out
  • 05/21 – Terra Core release is cut, network launch instructions made available for validators
  • 05/25 – Essential app developer registration completed
  • 05/27 – Genesis file created from final launch snapshot
  • 5/27 ~ Network launch