The Joint L1 Task Force (L1TF), the core developers of Terra Luna Classic, present a revised proposal to continue development and maintenance of the network in Q3. First and foremost, the L1TF developer group plans to improve and accelerate the reduction of LUNC and USTC supply by leveraging the market module.
The L1TF also proposes updating the Cosmos SDK, including Edward Kim’s Block Entropy AI app chain, enabling the token factory, and supporting external teams like ‘quant’ on the USTC repeg.
Terra Classic L1TF releases revised Q3 proposal
Joint L1 Task Force Project Manager LuncBurnArmy announces a revised Q3 concept for the Terra Luna Classic development team. After successfully reaching parity with Terra 2.0 and other Cosmos blockchains, updating Cosmos SDK to 0.45.13 and Tendermint 0.34.24, and introducing a 5% minimum commission for validators, the team presents activities and budget for Q3.
According to the proposal, L1TF proposes to update the Cosmos SDK to a stable version, test the market module in the USTC test environment, and introduce a cap on the LUNC supply in July and August respectively.
In August and September, Terra Classic will migrate from Columbus-5 to Columbus-6 to reduce the size of the blockchain and make it more efficient for validators and infrastructure providers. In addition, the L1 team will evaluate whether to implement CometBFT and oversee the bug bounty program.
In September and October, the L1TF will re-enable the swap mechanism and capital controls in the market module. The L1 team also plans to implement the Alliance module to improve interoperability and the Token Factory to generate custom IBC denoms.
The Joint L1 Task Force will also work with Edward Kim to integrate the Block Entropy AI app chain into Terra Classic and the “Quant” team for USTC Repeg.
Proposed budget for Q3
The total budget requested for Q3 is $133,000, which is approximately 1.48 billion LUNC. Excess budget amounts are returned to the community pool at the end of the quarter.
Full-time developer Superman ($12.5k per month) is back on the Joint L1 Task Force team after going missing in Q2. Part-time developers Xi, Till (“questionable”) and Vinh remain on the team, each at 6.25k per month. Also, project manager LuncBurnArmy ($5k per month), a discrete budget of $3k per month and an OPEX budget of $3k per month.
Picture Copyright: photoben24
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