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Terra Classic Network to Get Osmosis Support in Burning LUNC

Cosmos Capybara, a Terra Classic community member, has published a signaling proposal on agora with the intent of the Terra Classic community showing that it wants Osmosis to support the burning of Terra Luna Classic (LUNC) off-chain.

If passed, it signals to the leading Cosmos Automated Market Maker (AMM) that the Terra Classic community wants it to support burns for LUNC and TerraClassicUSD (USTC) swaps. As an incentive, Cosmos Capybara suggests that Osmosis keeps 10% of the collected tax and sends only 90% to the Terra Classic burn wallet. Per the proposal, Osmosis can keep the collected 10% in its community pool or a smart contract under its community governance control.

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