1/ Attention Terra community:

Due to the recent court ruling, TFL is making changes to its operations moving forward, including active liquidity provisioning and access to TFL products in certain jurisdictions.

🧵 👇 2/ As a result of the SEC case, TFL may receive a conduct injunction, which could prohibit TFL from engaging in certain activities.

To prepare for this, TFL will be restricting access to some TFL products and features from users in the United States as of next week.

1/ Persistence One will be the 6th chain to integrate Terra’s Alliance module, & they’ll be building Liquid Restaking Tokens (LRTs) for various Cosmos assets on top of it 👀

Join @PandeyMikhil, @krusspy, & @Zion_Schum tomorrow at 5 pm UTC to discuss restaking in Cosmos 🎙️👇

https://twitter.com/PersistenceOne/status/1759603713260347617

2/ Discover how Alliance works and how alliances between Cosmos chains are formed:

1/ TFL is proud to support the advancement of @CosmWasm development within Cosmos as the inaugural subscriber of @confio_tech's new CosmWasm subscription 🎉



Terra's history with CosmWasm and what this means for Terra ecosystem builders ⤵️medium.com/terra-money/br… 2/ From its earliest days, CosmWasm has stood as a pillar of the Cosmos ecosystem, supporting smart contract development across various blockchains, including Terra, @osmosiszone, @Injective_, and others.

1/11 The first Terra Delegation Committee (TDC) to guide TFL's $LUNA stake received from the TFL Community Grant has just been formed!

Learn more about the Terra Delegation Committee and what they do 🧵⤵️ 2/11 The TDC was formed to act as an independent community committee, staking a portion of the $LUNA received from the TFL Community Grant across various Terra validators based on established criteria.

1/6 Last week, TFL injected $15M of capital into the Terra ecosystem on @astroport_fi and @uraxyz_, making liquidity on Terra for blue chip assets like $BTC and $ETH the deepest of any @cosmos chain 🔥

Info on the deployment 🧵⤵️

2/6 TFL's capital injection solves the cold start problem for the Terra ecosystem, providing ample liquidity for users to acquire and trade blue chip assets, and for developers to build powerful and exciting new DeFi applications on top of them.

📸: Last week's 7D TVL change

1/ 📢 A new proposal is now LIVE on Terra, aiming to:

1️⃣ Kick-start Alliance adoption and the formation of alliances between $LUNA and other Cosmos ecosystems
2️⃣ Cross-pollinate users and liquidity between Terra and allied chains

A summary 🧵👇

https://twitter.com/terra_agora/status/1664237068392734721?s=20

2/ Overview:

TFL proposes allocating 3% of $LUNA staking rewards to the first 10 Cosmos chains that integrate the Alliance module and add a $LUNA Liquid Staking Derivative (LSD) as an Alliance asset with a positive yield 🤝

💡 LSDs: tokenized representations of staked assets

1/ Today’s Alliance integration unlocks a myriad of opportunities for growth and collaboration for Terra and other @cosmos ecosystems 🤝

Discover what makes Alliance the ideal tool to scale decentralized economies in our new article from @Zion_Schum 👇

medium.com/terra-money/al… 2/ An overview 🧵 of some of the key takeaways 👇

1/ Explorers and validators across the Cosmos – the three-week Game of Alliance competition starts today! 🎉

Complete missions and bonus bounties for your chance to earn a {REDACTED} airdrop 🪂👇

alliance.terra.money/game-of-allian…

Details in 🧵 2/ Alliance is an open-source Cosmos SDK module that leverages interchain staking to form economic alliances among blockchains 🤝

Using Alliance, decentralized economies can implement more sophisticated monetary policies, stimulating growth & prosperity.

https://twitter.com/terra_money/status/1621651384142811136?s=20&t=C1Ctj3pOsd-1Uzb1VHbasg

1/ The Alliance Docs just got an upgrade! 🤝

alliance.terra.money

New Additions:

✔️ Revamped overview w/ Alliance use cases
✔️ Improved docs layout
✔️ Infographics
✔️ Detailed "How it Works" section

Details in 🧵 2/ Alliance is an open-source Cosmos SDK module that leverages interchain staking to form economic alliances among blockchains.

If we think of blockchains as digital nation-states, Alliance enables the implementation of more sophisticated and promising monetary policy.

1/ Terra’s first step towards building the interface to Web3 is complete.

We’re thrilled to announce the launch of Station 🛰 – an interchain wallet that simplifies the often complex process of interacting with multiple blockchain networks.

medium.com/terra-money/in… 2/ Station download links and other helpful resources, including desktop, Chrome extension, Firefox add-on, web app, and docs, can be found in the article above 👆

1/ Dear Terra Community,

For transparency, we would like to bring your attention to an issue regarding Jimmy Le (@stablejim), a community member who was entrusted with Terra community funds but has now refused to return funds gained from this entrustment to the Community Pool. 2/ Leading up to the launch of Phoenix-1, there was intensive indexing work done to ensure that the right amount of $LUNA was airdropped to each user of the network.

However, despite best efforts, an error was made with regard to CW3 multi-sig wallets.

1/ On November 24th, 2022, based on the Genesis $LUNA airdrop schedules the community voted on in May, vesting $LUNA will begin to vest at 6am UTC ⌛

A quick 🧵👇 2/ Due to the fact that all airdropped $LUNA on a vesting schedule was staked at Terra’s Genesis, it must be undelegated for 21 days to become liquid 🗓️

1/ This last week, @stablekwon presented an alternative to the The Terra Expedition Program, outlining a proposal that aims to position Terra at the center of the interchain.

A summary 🧵 of his thoughts 👇

https://twitter.com/stablekwon/status/1588146186371973120

2/ The Terra Expedition Program has 4 issues:

1️⃣ Inorganic developer incentives are short-lived
2️⃣ Nothing-at-stake committees are poor capital allocators
3️⃣ The proposed spending efficiency is too low
4️⃣ Devs need a compelling reason to build on Terra

1/ #LUNAtics, your votes are in and the Terra Phoenix Airdrop proposal has passed ✅

With the passing, 19,504,909 $LUNA will be requested from the Community Pool to execute an airdrop to wallets that did not receive the correct amount at Genesis.

🧵👇

https://twitter.com/terra_agora/status/1565690512845279232

2/ In short, that means the $LUNA airdrop 🪂 is on, and your team at TFL will work to launch the claim interface by September 4th.

1/ 📣Prop 986 to enable the correct allocation of $LUNA to the intended recipients from Genesis is live on Terra Station 📣

Cast your vote 🗳️👇

station.terra.money/proposal/986

Read the full proposal w/ complete eligibility details 👇

agora.terra.money/discussion/664… 2/ 🧵with the TLDR and how to claim your $LUNA if the proposal passes

1/ The #LUNAtic community continues to amaze. Within a week of Terra 2.0 going live, many of your favorite dApps are up & running. More to come 🔜

As part of launch, Terra’s Agora governance forum is getting an upgrade 💪 2/ The agora.terra.money domain will now redirect to the new Terra governance forum with a new & improved interface. Check it out here 👇

commonwealth.im/terra

1/ Block 1 of the brand new Terra blockchain (with a chain_id of “Phoenix-1”) has officially been produced at 06:00 AM UTC on May 28th, 2022!

Congratulations to the #LUNAtic community on this expeditious feat of collaboration 🎉 2/ Those who were eligible for the $LUNA airdrop can view their wallet balances on the new chain by selecting the “Phoenix-1” network in their Terra Station browser extension.

1/ Yesterday, we said Terra 2.0 is coming. Tomorrow, it arrives.

The community has been working around the clock to coordinate the new chain’s launch. Subject to potential change, we expect Terra to go live on May 28th, 2022 at around 06:00 AM UTC. 2/ To reach this point so quickly speaks volumes about our incredible community of users, validators, developers, and exchange partners 🌎

We’d like to thank each and every one of you for making this possible 🤝

1/ Terra 2.0 is coming.
With overwhelming support, the Terra ecosystem has voted to pass Proposal 1623, calling for the genesis of a new blockchain and the preservation of our community. 2/ The Terra Ecosystem Revival Plan – which has everything you need to know about our path forward – can be read in full here.

agora.terra.money/t/terra-ecosys…

1/ Recently, a few community members (including some from TFL) have referred to the proposed new blockchain in Prop 1623 as a “fork” as opposed to a genesis chain.

Note: The revival plan is not proposing a “fork” of the existing chain, but rather the creation of a new one 🧵. 2/ What is a fork?

A (hard) fork refers to a change in a blockchain protocol that results in two blockchains - one that follows the previous protocol & one that follows the new version. The new chain shares all of its previous history with the original.

1/ Recently, bad actors have been capitalizing on Terra-related events by purchasing $LUNA & posting fake proposals on Station with phishing sites quoted in the link. These proposals claim to lead users to a preview of Terra 2.0 & dApps launched by us - which is not the case. 2/ In addition, we have also seen a rapid increase in spam proposals as the discount on $LUNA made it economically cheap to post anything one desired.