Terra Community Members Launch New Proposal for 0.5% Emergency $LUNA Allocation

Terra community members have launched a new proposal for 0.5% emergency $LUNA allocation, proposing that three cohorts be eligible for emergency fund allocations: projects that launched on Terra Classic and achieved product-market fit and TVL, projects that launched on Terra Classic and achieved product-market fit but have no measurable TVL, and projects (pre- and post-launch) that have not achieved product-market fit (pre-PMF), and propose to allocate $100,000 to $300,000 $LUNA to eligible pre-PMF teams. The Terra Ecosystem Revival Program2 designates 10% of the $LUNA supply to be dedicated to incentivize developers on Terra 2.0, with 0.5% being Emergency Fund designed to help project parties build products after the network launch, with funds returned if the product is not launched within 1 year.