The vote on the validation of EUTC Repeg WP v1.1 on the Terra Classic chain was rejected by $LUNC validators.

The proposal briefly suggested performing a repeg to $EUTC instead of $USTC.

There are more than 20 stablecoins on the Terra Classic chain. Due to the breakdown of the peg on $USTC, the Terra Classic chain continues to carry out burn events to achieve the repeg. A Re-peg must be carried out for the connection between $LUNC and $USTC to be active again.

No proposal can be accepted without $USTC and $LUNC for Terra Classic. This proposal was clearly rejected. Allnodes voted "NO" in this vote.

#TerraClassic #LUNC #USTC #Altcoins