In early May 2022, the Terra ecosystem collapsed after the algorithmic stablecoin failed to maintain its peg. Emergency measures were taken by Terraform Labs (TFL) in an attempt to protect Luna and UST, but then were abruptly abandoned by TFL for Luna 2.0 several days later. At this time, the Luna Classic blockchain has been left crippled and in limbo for the last two months. In the face of impossible odds, the Luna Classic community has self organized and rallied to build and restore the blockchain. This technical document outlines the steps we, the community, have taken towards the emergency management of the Luna Classic blockchain in the weeks after the UST depeg. We outline precisely what would be implemented on-chain to mitigate the concerns of affected stakeholders, and build trust for external partners, exchanges, and third-party developers. For the Luna Classic community, validators, and developers, this outlines concrete steps on how passed governance can and will be achieved. We openly audit our own code and welcome any feedback for improvement. Let us move forward together as the true community blockchain.
翻译:2022年5月初,Terra生态系统在算法稳定线未能维持稳定之后崩溃。Terraform Labs(TFL)采取了紧急措施,试图保护Luna和UST,但几天后TFL突然放弃了Luna 2.0。这个时候,Luna 经典链条已经残废,在过去两个月里一直处于断裂状态。面对不可能的不测,Luna 经典界已经自行组织起来,聚集起来建造和修复块块。这份技术文件概述了我们在UST拆解后数周内对月球经典链的紧急管理所采取的步骤。我们准确地概述了在链上将执行哪些措施,以缓解受影响的利益攸关方的关切,并为外部伙伴、交流和第三方开发者建立信任。对于Luna 经典界、验证者和开发者来说,这概述了如何通过治理以及如何实现治理的具体步骤。我们公开审核了自己的代码,欢迎任何改进的反馈。让我们一起作为真正的社区链路向前推进。