- The Terra Foundation has detailed its milestones and achievement for the month of April while noting that the excessive FUD is a massive drawback for the platform.
- Terra has also made significant progress with its governance, as South Korea’s Seoul Southern District Court ruled that LUNA is not in fact a security.
Terra (LUNA) is one of the most critiqued digital assets in the cryptocurrency market. However, community members have remained committed to building upon what is left of the network and its native token.
Although the Terra (LUNA) controversy is still memorable within the crypto ecosystem, and often cited as a cautionary tale, its community members are boasting of commendable achievements and milestones attained in recent times.
Taking to Twitter, the official Terra (LUNA) handle shared a list of events that took place within the network over the course of April. The community update details Ecosystem, Governance, Integrations & Listings, Media Features, and Community Thread Highlights.
Get a quick read on everything that happened in the Terra ecosystem in April in this month’s Community Update!👇
✅ Ecosystem Updates
✅ Governance Updates
✅ Integrations & Listings
✅ Media Features
✅ Community Thread Highlightshttps://t.co/gXvnl9Yho8
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 18, 2023
The recent update authored by Zion Schum, the Head of Communications at Terra Money, observed the current situation of things at Terra, as he explained the constant battle that the community faces with constant FUD from external figures in the industry. Zion Schum wrote in the blogpost;
It’s not easy to ship cool shit when the entire world tries to FUD you to death, but that’s precisely what the Terra community did in April. From the unveiling of Terra’s cutting-edge new Alliance module to the introduction of Enterprise’s user-friendly, no-code DAO management platform, there’s a lot to unpack in this month’s update.
The Terra Foundation rolls out Alliance, a platform designed to serve the decentralized ecosystem and economies
TFL notably rolled out a major open-source economic tool named Alliance. The platform is designed to allow Cosmos blockchains to carry out yield trading.
Alliance is opening the doors for a wide range of use cases that are designed to strengthen the decentralized ecosystem and its economies, as it allows multiple tokens to be staked on a single chain and allows users to earn.
Attracting users, liquidity, and developers, deepening liquidity for essential token pairs, incentivizing native application development, and diversifying or augmenting staking yield are some of the use cases that Alliance brings to the ecosystem.
The other half of the update also reveals that Terra has hit some major milestones with its governance. Notably, South Korea’s Seoul Southern District Court ruled that LUNA (now LUNC) is not a security. Additionally, the TFL Foundation also attempted to tackle the SEC’s lawsuit ado at the company and its founder Do Kwon. The motion filed by the firm also pushed back on fraud allegations relating to Chai, while criticizing the SEC’s stance on regulation.