What it actually does:
Keeps the packet-relayers running between
$LUNC and Osmosis, Noble, and Axelar.
IBC does not move itself. Relayers watch both chains, submit proofs, and clear packets. That is how USDC, OSMO routes, and other IBC assets enter and leave Terra Classic.
Ask: ~€12.1k
€10k servers/feeds/relay fees
€2.1k precautionary Dutch VAT
€0 labor
Part reimburses private costs after the last mandate expired.
Bumeo handles infra + money.
LuncGoblins keeps technical control.
🗳 Ends Sep 4
👉 validator.info/terra-classic/…
#LUNC #TerraClassic #IBC
2/4
If this does not pass YES, here is the real loss:
Not instant chain death.
The loss is connectivity.
Without funded relayers:
• IBC packets stall
• transfers time out
• users’ funds can sit in limbo
• Noble USDC stops moving in/out
• Osmosis liquidity routes weaken
• the Noble → Injective USDC migration gets harder
Operators say ~$150k of USDC liquidity injection is exposed if the Noble route dies. That exact number is their figure, not a public audit. The confirmed risk is simpler: no relayer = no reliable USDC path.
A veto does not create a new operator.
It just ends the current mandate.
#USDC #Cosmos #LUNC
3/4
Other options besides voting YES:
1️⃣ Private pay
LuncGoblins / Juris / DEXes keep funding servers and gas themselves. This already happened after the last mandate expired. It works until they stop.
2️⃣ Someone else runs it
Any team can spin up relayers to Osmosis, Noble, and Axelar. That is the “GP or others should step up” option. Fine, if they actually do it before packets start timing out.
3️⃣ Hybrid
Pool pays a thin baseline. Extra teams run extra relayers. Protocols that use the USDC liquidity help cover costs.
4️⃣ Do nothing
Hope a volunteer appears. Highest risk during a live USDC issuer migration.
#TerraClassic #Governance
4/4
This is not a moon proposal.
It is plumbing.
YES = keep the existing routes alive through year-end, no salary line, hard end date.
NO / veto = bet that unpaid operators or a new team will take over in time.
If you vote NO, name the replacement.
If you want
$LUNC to stay connected to Cosmos liquidity, vote YES.
#LUNC #TerraClassic #IBC #USDC #Cosmos $LUNC