LUNC News: Crucial Terra Classic Swap Pair is Just a Few Steps Away

According to an update by the official Twitter address of the LUNCBurnArmy, Terraform Labs has confirmed that the submitted earlier Pull Request (PR) to birth the LUNC/USTC swap pair will be merged. 

Next Steps

According to the update shared by the LUNCBurnArmy, the Station release to bring alive the upgrade is set to be updated in the coming week and for this, the testing of the new feature is billed to be carried out end-to-end to ensure that each section is fully functional.

TFL has let us know that the PR will be merged shortly, and that the Station release will be updated early next week. They will be going extensive end-to-end testing of Station to ensure all items are fully functional! https://t.co/bWSNRrDjnp

— 🔥LuncBurnArmy🔥 (@luncburnarmy) July 6, 2023

With this merge underway, the Terra Classic (LUNC) community is likely to see the much-awaited LUNC/USTC swaps on TerraSwap in no time. The clamour for this trading pair has been ongoing for several weeks. It was first proposed last month in addition to the Pull Request which was submitted to showcase the proposal. 

An initial update from LUNCBurnArmy ascertained an acceptance of the PR by Terraform Labs. Based on the update, the team will be “attempting to merge the PR which should resolve the ability to swap Lunc/USTC on Station.” 

As reported earlier by Coingape, the merge was expected to be completed yesterday but it did not happen. The Terra community members are earnestly waiting for the merge and have expressed their excitement in response to the LUNCBurnArmy’s tweet.

The collapse of Terra (LUNA) and the algorithmic stablecoin TerraUSD (UST) shook the entire crypto industry but much more, it sparked a renewed hope in many community members as it generally showcased new possibilities that are now being adequately harnessed.

Efforts Targeted to Rebuild LUNC

With the fork of the original Terra protocol, some developers stayed committed to rebuilding the protocol which has now been rebranded as Terra Classic (LUNC). As severally reported, since the time of the Terra LUNA collapse until now, several attempts have been made to restore value to the protocol. The proposal to implement a trading pair for LUNC/USTC is one of such attempts. 

Another notable effort is the staking and burn campaign designed to remove excess LUNC tokens in circulation. Thus far, these initiatives prove strategic and the core goal of restoring value to users appears to be in full swing.