LUNC News
Aug 1, 2025
Introducing Market Module (No Mint) Proposal
The Terra Classic community is currently evaluating a proposal aimed at enhancing the swap mechanism between LUNC and USTC. While some users perceive this initiative as an attempt to restore USTC’s $1 value, it is not a re-peg strategy and does not position USTC as a stablecoin.
Market Module 2.0 Update
No More Minting: Swaps will only use existing tokens from a dedicated pool funded by 60% of burn tax, preventing new token creation.
Real-Time Pricing: Swaps will use actual market prices instead of fixed values, ensuring fair exchanges.
Token Burns & Fees
Automatic Burns: Any unused tokens in the swap pool are burned at the start of the next period.
Swap Fees: Each swap charges a 0.35% fee, split between burning and supporting the Oracle Pool.
Safety and Development
Safe and Reversible: The update is inflation-proof and can be reverted if needed.
Community-Driven: Developed voluntarily by StrathCole, with 2–3 weeks of coding, testing, and optional security audits.
Changelog