The 6 Samurai Have Been Appointed To Restore Terra Blockchain

Q3 Terra proposal appointed 6 full stack engineers called the six samurai to lead the development of Terra blockchain and LUNC.

ROADMAP (L1)

Migrate from Columbus-5 to Columbus-6.

To reduces sync time for archive nodes and streamlines the network.

Update to Cosmos SDK v0.46.x, then Cosmos SDK v0.47.x.

The community and chain would be able to access and make use of the latest Cosmos SDK features.

Establish USTC Testnet.

The USTC Testnet passed governance, and will be needed for Market Module efforts in Q4.

Implement Alliance Module.

Allows for cross chain yield by leveraging interchain staking.

Implement FeeShare Module.

Allows for contract developers to receive a portion of gas fees generated on their contract.

Current situation of Terra Classic

Ranking: 74^th largest crypto by market cap.

Fully diluted market cap: $632 million.

Mirror one of Terra flagship defi platform currently has 0 TVL. It had $672 million TVL before the collapse of Terra.

Anchor, another DeFi flagship currently has 0 TVL. It used to have $17 billion TVL before UST depegged.

Terra Classic can maintain top 100 crypto status but Terra ecosystem still does not recover since UST depegged.