The developers behind the remnants of the fallen Terra (LUNA) network have unveiled an ecosystem funding program worth some LUNA 95 million ($248 million), seeking to encourage developers, miners and users to develop the troubled ecosystem.
“This program will be funded with the 9.5% of the total LUNA supply that was earmarked at the launch of the new Terra chain. This incentive program will run for 4 years and will be managed by a community-elected committee that will be evaluated every 12 months,” according to the proposal.
Under the plan, the project will consist of four initiatives: a developer grants program of LUNA 20 million, a developer mining program comprising LUNA 20 million, a liquidity incentive mining program covering LUNA 50 million over a four-year period, and a user incentive program of LUNA 5 million, the proposal states.
“The Terra Expedition is a revised iteration of the Developer Mining Program and Developer Alignment Program initially defined at the launch of...
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