LuncGoblins - PoS Security, Infra and Development for Terra Classic and the Cosmos.
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There is a major outage of relayer coverage for #TerraClassic $lunc. We will inform the public on further updates on this matter. Very sorry for the inconvenience π΅
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Joint proposal by @BumeoCapital (@JurisProtocol) and @luncgoblins. Please, give it a read and comment on:
discourse.luncgoblins.com/t/β¦
Terra Classicβs IBC infrastructure did not stop operating when the previous Community Pool mandate expired.
The relayers connecting Terra Classic with Osmosis, Noble and Axelar continued to run, while the related infrastructure and transaction costs were covered privately.
Bumeo Capital B.V. and LuncGoblins are therefore proposing a continuation mandate covering the period from May 1 through December 31, 2026.
Under the proposed structure:
@BumeoCapital will provide and pay for the required server infrastructure, manage the financial administration, maintain the separate relaying-fee allocation and handle business coordination and community communications.
LuncGoblins, operated by @frag_dude, will retain full technical and operational authority over the relayer infrastructure, including configuration, monitoring, updates, incident response and all decisions required to maintain reliable operations.
The technical scope remains the same as under Proposal #12198.
The proposal does not introduce new routes or expand the mandate beyond the existing Osmosis, Noble and Axelar connections.
The updated monthly budget consists of:
β’ β¬600 for four servers
β’ β¬400 for feed services
β’ β¬250 reserved exclusively for relaying and transaction fees
β’ β¬0 for labor or working hours
This results in a net operational budget of β¬10,000 for the full eight-month period.
An additional β¬2,100 is included as precautionary Dutch VAT, bringing the total request to β¬12,100 in LUNC.
If Bumeo Capitalβs accountant or the Dutch tax authorities determine that VAT is not payable on the Community Pool funding, the corresponding amount will be returned to the Terra Classic Community Pool.
The relaying-fee allocation will be kept separate from the other funds and used only for gas, transaction fees and directly related relayer expenses.
IBC relaying is public infrastructure.
It supports access to Cosmos liquidity, native USDC through Noble, liquidity routes through Osmosis and the wider interoperability required by Terra Classic applications and users.
The goal of this proposal is simple:
Keep essential IBC infrastructure operational, remove the need for indefinite private funding and establish a transparent division of responsibilities between Bumeo Capital and LuncGoblins.
Read the full proposal and join the discussion:
discourse.luncgoblins.com/t/β¦
$LUNC $JURIS #LUNC #TerraClassic #IBC
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Due to an unexpected outage @luncgoblins is currently missing blocks. Please be patient, we are working on the situation and are confident to resolve it.
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π§ luncgoblins π§ retweeted
Get this straight: Do Kwon DIDN'T rebuild LUNC, DIDN'T upgrade the chain, DIDN'T run at a loss validating the LUNC chain. THE COMMUNITY DID. LUNC is community owned, governed, re launched, upgraded and open for business.
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π§ luncgoblins π§ retweeted
π’π’π’π’π’π’π’
$juris stakers with a minimum stake of 100m tokens in the gold tier will be eligible to participate in the mainnet closed alpha launch of @JurisProtocol on 27th of June.
1/2 πππ
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π§ luncgoblins π§ retweeted
Validator is back online.
POSTMORTEM:
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Seems like there is an outtake on the side of the server hoster (server unreachable). @LuncGoblins is missing blocks for the time being. I am investigating.
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π§ luncgoblins π§ retweeted
Seems like there is an outtake on the side of the server hoster (server unreachable). @LuncGoblins is missing blocks for the time being. I am investigating.
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Someone staked ~30 $zig with @luncgoblins validator on @ZIGChain. πππ
Although it does not sound much - This is a major stepstone into pushing us into the active set and earn real rewards for $zig holders and stakers!
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π§ luncgoblins π§ retweeted
I want to veto here.
Dyncom was proposed by @ColeStrathclyde and @HappyCatKripto.
But it was @luncgoblins to develop and deploy it for free.
You're welcome.
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π§ luncgoblins π§ retweeted
Support/Community: t.me/galacticshift
Tutorials: youtube.com/@galacticshift-tβ¦
Whitepaper: galacticshift.io/whitepaper
Testnet faucet by @luncgoblins: faucet.luncgoblins.com/
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π§ luncgoblins π§ retweeted
CL8Y is supporting an Aligned Validators Initiative, a program for the public to support validators who:
β oppose inflation-funded staking rewards
β oppose Community Pool depletion for passive subsidies
β
support revenue-backed USTC staking funded by real on-chain cash flows
We welcome any validator who publicly support these principles. @battleforcelunc is the first to step forward.
π To support the Aligned Validators Initiative, redelegate your LUNC to @battleforcelunc.
Builders, validators, and community members who support a non-dilutive path for USTC and LUNC: please RT, like, and share.
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Discussion here β¬οΈ for USTC future discourse.luncgoblins.com/t/β¦
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π§ luncgoblins π§ retweeted
oK @JurisProtocol , I updated all of the graphics because, as @LuncGoblins pointed out, the initial ones were confusing.
Let me know what you all think.
The article currently has a 53% read rate which is pretty damn good.
For those of you who arenβt big on reading, you can still help out.
@Medium registers the article read as long as someone looks at it for more than 30 seconds.
So even if you click on it, scroll around and look at the pictures and never actually read it (your loss π) you are still helping with the algorithm.
Maybe tomorrow, I will submit to a publishing company @DigitalMehmet #TechnologyHits on Medium. If they see good engagement, they will pick it up and publish on their platform which reaches thousands, potentially tens of thousands of readers.
medium.com/@DJTrev/the-jurisβ¦
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π§ luncgoblins π§ retweeted
Liquidation Vault turns liquidations into an income opportunity for any user, not just bots or large investors.
This is beneficial for everyone.
For those who take out loans - The system becomes more secure.
For those who deposit - They earn money from settlements.
For the Juris protocol - It will always have capital ready to settle positions.
For the community - More people participate in the system.
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π§ luncgoblins π§ retweeted
Introducing the Juris Liquidation Vault π¦
Liquidations donβt have to be scary. They can be an opportunity.Weβre turning the Juris liquidation engine i nto a retail-facing savings product.
Instead of liquidations being handled only by bots or whales, users will be able to deposit capital into the vault. When liquidations occur, the vault automatically participates and captures discounted collateral.
What this means:
β’ Users earn yield from liquidation events
β’ Liquidation liquidity is crowdsourced
β’ The protocol always has capital ready
β’ Risk of bad debt is dramatically reduced
Depositors receive vault shares representing their pro-rata ownership of the liquidation inventory and profits generated from the engine.
The result is a system where:
borrowers get safer lending markets
liquidators get automated access to opportunities
the protocol maintains healthy collateralization
and the community participates directly in the liquidation layer.
This is one of the key mechanisms ensuring Juris lending markets remain robust and resilient once live.
$JURIS $LUNC
#TerraClassic #DeFi
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There is a major outage of relayer coverage for #TerraClassic $lunc. We will inform the public on further updates on this matter. Very sorry for the inconvenience π΅
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