Terra Community Passed Proposal Regarding Emergency $LUNA Allocation Distribution Method

Terra announced that its community has voted to pass Prop 446 regarding 0.5% emergency $LUNA allocation distribution method. The proposal advised 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 proposed to allocate $100,000 to $300,000 $LUNA to eligible pre-PMF teams.