Do Kwon Fixed Hard Fork Terra 2.0 Proposal During Voting Open Should you be worried?

Do Kwon The CEO of Terraform Labs has revised our proposal for reintroduction. Terra blockchin amid the vote on whether it should be used or not

Following the explosion of TerraUSD (UST) Stablecoin, Terraform Labs CEO Do Kwon put forward a “reborn” plan, proposing to build the Luna 2.0 token on the new blockchain.

Today, he revised the proposal, even though the original plan had already passed on-chain voting, still calling it a “consultant plan”. “Rebirth” is by him.correctSome distribution parameters to support community comments.

Firstly, this change reduces the distribution of LUNA 2.0 tokens to UST holders whose tokens are staked on Anchor. When de-pegged, their share of distribution dropped from 20% to 20%. 15%

Second, Kwon has changed the eligibility schedule for two types of stakeholders that have been proposed to receive a share of the new tokens, with Kwon adding an initial unlock of the token allocation. LUNA 2.0 From 15% to 30% with the remaining 70% locked for a period of 2 years.

It is common for proposals to be resolved amid online voting. This is why the current shift from Kwon has led some to question its authenticity.

The community has said that whenever there is a change in the offer must be carried out in advance Not during the FatMan vote, Terra analysts and critics highlighted the fact that new proposals should come with a new vote.

“Will you revise important proposals between central vote How is it that the majority of people have already voted?”

FatMan say He added that “significant changes should be posted as new proposals”.

However, the original proposal of Kwon More than 80% of the voters agreed with the change, with only 15% opposed to the change, saying it was too early to say that voting for Kwon’s proposal would pass. go or not because there are 5 days left if the percentage If “Disagree” exceeds 33.4%, all offers will be cancelled. Although it is supported by most of the validators.

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