The Terra Traditional (LUNC) neighborhood was presented with a strong spend request yesterday in an effort to revive the blockchain. A dedicated enhancement team known as the “Six Samurai” was also requested for funding by the team.
There are several important milestones on the roadmap for the upcoming quarter. Migration from Columbus-5 to Columbus-6 is the main objective, which will reduce archive node sync times and increase community effectiveness. The team also intends to update to the most recent versions of the Cosmos SDK, providing access to improved features.
Following its successful passing in governance, the Terra Traditional USD (USTC) Testnet establishment is another crucial milestone. During the fourth quarter, this Testnet will be crucial in assisting Market Module operations.
Additionally, the Alliance Module’s implementation aims to enable cross-chain yield through inter-chain staking. In the meanwhile, contract builders will be able to collect a share of fuel charges generated on their contracts thanks to the Price Share Module.
To improve budgeting and cash flow management, the concept offers setting up neighborhood sub pools at the protocol level. These subpools would enable the community to distribute funds proportionally based on governance principles, promoting financial sustainability and transparency.
To attract dApp developers and encourage ad-hoc job completion, decentralized grants and bounty programmed are also planned. The team also plans to use the Warp protocol, which permits on-chain job automations, to automate fund releases and pay developers according to predetermined criteria.
The idea additionally supports a decentralized validator CDN infrastructure. Infrastructure risk will be dispersed among the active set, and customer experience will be improved.
The team intends to pursue an inventory of Terra Traditional on the Keplr Internet Interface and Mintscan in the near future, perform an impact analysis following the “Parity Improve,” upgrade to a new Oracle Feeder, improve validator participation in testnets, as well as improve documentation for L1, L2 aspects related to the blockchain and validators.
The team suggests a budget breakdown, which includes costs for operations and worker compensation, to support these activities. The total cost for Q3 may be $116K, with money being released in two payments depending on distinct spending recommendations and subject to local approval.
The proposal is currently available for local voting. Voters who agree with the expenditure proposal are encouraged to provide a “YES” vote, while those who disagree with it are encouraged to cast a “NO” vote.
