The Terra Luna Classic community unanimously passed a major upgrade proposal to revise burn tax distribution. The v3.1.3 upgrade, led by developer Fragwuerdig, aims to boost staking and LUNC price.
The proposal received 99.99% “Yes” votes from participating validators, demonstrating strong support. Key changes include adjusting Oracle Split logic and preventing memory leaks.
With a burn tax set to 0.5%, the new distribution allocates 10% to the Community Pool and 10% to the Oracle Pool. Validators need to update to the v3.1.3 release post-chain halt.
LUNC has seen a 42% rally recently, although trading below year-to-date highs. Increased trading volume suggests growing interest among traders.
This upgrade could be strategically significant, potentially driving long-term value and stability for the Terra Luna Classic ecosystem.
