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Emergency Management and Recovery of Luna Classic. (arXiv:2207.01700v2 [cs.CR] UPDATED)
July 22, 2022, 1:20 a.m. | Edward Kim, Tobias Andersen, Marventus, A.E., Pedro Borges, David Schmidt, Matthew Western
cs.CR updates on arXiv.org arxiv.org
In early May 2022, the Terra ecosystem collapsed after the algorithmic
stablecoin failed to maintain its peg. Emergency measures were taken by
Terraform Labs (TFL) in an attempt to protect Luna and UST, but then were
abruptly abandoned by TFL for Luna 2.0 several days later. At this time, the
Luna Classic blockchain has been left crippled and in limbo for the last two
months.
In the face of impossible odds, the Luna Classic community has self organized
and rallied …
More from arxiv.org / cs.CR updates on arXiv.org
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