Introduction

What happened to Terra?

The UST Token lost its peg ealy this month as a result of UST loosing its peg people lost faith in UST and there was a bankrun on UST. As a result of the bankrun the pice of ust collapsed and LUNA hyperinflated to many trillions of tokens.

What is the Terra Ecosystem Revival Plan 2?

The 'Terra Ecosystem Revival Plan 2' is a plan to preserve Terra’s app ecosystem, Terra Station, and the Terra comunity. The major steps of this plan is to Create a new Terra chain without the algorithmic stablecoin, Luna to be airdropped across Luna Classic stakers, and Network security to be incentivized with token inflation.

Definitions

• Pre-attack: snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 23:00:04+08:00)

• Post-attack: snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00)

Who is receiving the LUNA airdrops?

• Emergency allocation 0.5% (to help start the new chain)

• Developer Alignment Program 1.5% (give to projects based on terra classic TVL)

• Developer Mining Program (new app develops based on TVL)

• Community pool: 25%

• Pre-attack LUNA holders: 35%

• Pre-attack aUST holders: 10%

• Post-attack LUNA holders: 10%

• Post-attack UST holders: 20%

New LUNA token distribution Metrics

Observations

• Astroport, Anchor, and Wormhole are some of the largest Projects by TVL on Terra leading up to the depegging.

• The projects in control of these addresses are top contenders for the 1.5% developer Alignment Program.

Conclusion

• The two largest groups of users who are going to receive LUNA on the new chain are per and post attack LUNA holders.

• Astroport, Anchor, and Wormhole are going to receive a large portion of the project funds.