Terra isn’t dead: the network is back up and running on a new blockchain, focusing on a more decentralized governance model. The community is making no attempts to revive its recently failed TerraUSD (UST) stablecoin. It has, however, re-launched a new version of the LUNA governance token, restarting its supply at 1,000,000,000 tokens. Here are the facts on the new blockchain, why it was launched, and the new token’s airdrop/ distribution. Background on Terra 2.0 Terra 2.0 (now known formally…
Tag: COMP Reward
Proposal to End Compound’s Reward System Almost Succeeds
The Compound Governance community has rejected a move to completely scrap the COMP rewards program. The community cited concerns that the move could possibly threaten the protocol's decentralization. Despite these concerns, it is interesting that Compound only narrowly escaped abandoning its rewards program. Compound Debate Rewards Adjustments Compound Finance is a DeFi lending protocol that enables traders to borrow and lend crypto assets on the market. As a DeFi app, its users also possess COMP tokens for utility. COMP tokens…
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