Terra Luna Classic (LUNC) Upgraded to v3.1.3 to Revise Burn Tax Distribution

The upgrade implemented Oracle Split logic to divert community pool rewards from burn tax to the Oracle Pool (OP) and terrad client to fix memory leaks.

Terra Luna Classic has undergone a successful upgrade to version v3.1.3, which aims to revise the burn tax distribution. The upgrade, implemented by popular developer Fragwerdig, introduces Oracle Split logic, diverting community pool rewards from the burn tax to the Oracle Pool (OP) and terrad client to fix memory leaks. The upgrade was executed without any宕time and without losing a single chain block.

Terra Luna Classic Upgraded to v3.1.3

The v3.1.3 upgrade went live on the Terra Classic chain at block height 19108180 on July 29. Validators and developers, including Genuine Labs, played a crucial role in achieving the upgrade without downtime.

The updates primarily focused on bundling Oracle split logic and wasmvm v1.5.2 to prevent memory leaks. The upgrade proposal received an overwhelming response, with 99.99% “Yes” votes, indicating major support from validators and delegators.

Terra Luna Classic has a burn tax of 0.5%. With the burn tax distribution, 80% is for burn and 20% is distributed as — 10% to Community Pool and 10% to Oracle pool. This will help validators as the upgrade will bring a major boost to staking and LUNC price.

The number of staked LUNC rises to 1.04 trillion as investors anticipate an increase amid Terraform Labs bankruptcy. The staking ratio has spiked to 15.39%, a new high after the upgrade.

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