Terra Network
1 storyTerra Network is a Terra 2.0 blockchain built for DeFi applications and on-chain governance. Terra Network uses CosmWasm smart contracts as its application execution environment. Validator staking on Terra Network uses LUNA. Developers and node operators on Terra Network work with IBC-enabled DeFi applications, community pool governance, and on-chain governance voting. At Terra Network, upgrades and validator participation are covered; Terra Network also includes revisions to IBC-enabled DeFi applications, security events and developer-interface changes. Use LUNA for asset markets; at Terra Network, changes to staking remain network topics.
SEC Faces August Deadline on $123M Terra Investor Fund Plan
The SEC must finalize a plan by August 20 for distributing $123.1 million to investors affected by Terra's 2022 collapse, with eligibility, loss calculation, and payout procedures still to be determined