1. Chain Upgrade Proposal — Terra Classic v3.5.0
Validators have already put the v3.5.0 chain upgrade proposal up for vote. If passed, the upgrade is scheduled for August 15, 2025 .
2. Market Module 2.0 Vote
A proposal to reactivate the Market Module, enabling limited $LUNC –$USTC
swaps on-chain to help revitalize liquidity, is pending approval from validators .
3. SDK 0.50.13 Update Vote
The update to Cosmos SDK version 0.50.13, which provides compatibility improvements and future development flexibility, was recently rejected by validators.
A revised version of the proposal—reflecting community feedback—is being re‑submitted for a new vote .
What These Updates Include
v3.5.0 Blockchain Upgrade: Core client update with performance and stability enhancements.
Market Module 2.0: Reinstates controlled swap functionality between LUNC and USTC, aiming to restore utility and token flow.
SDK 0.50.13: Includes developer-friendly updates that pave the way for future features and better integration with CosmOS tooling.
Timeline & Dependencies
All three governance proposals are intentionally synced to coincide.
The August 15 upgrade hinges on validators approving v3.5.0, Market Module reactivation, and the SDK upgrade in this same window.
Community Status & Sentiment
Market conditions remain weak, with LUNC and USTC prices at depressed levels.
Despite low market sentiment, the Terra Classic community remains active, pushing for protocol evolution via governance and lightweight development.
These moves reflect ongoing community resilience and a commitment to sustainability—even amid price challenges.