Hassan Maishera
The Terra team revealed via a tweet on Saturday that Community Spend Prop 1075 has been passed by the community. The approval will see Terra allocate 8 million UST tokens for incentives to bootstrap liquidity on several Evmos protocols. Evmos is an Ethereum Virtual Machine (EVM) on the Cosmos blockchain.
Terra is an algorithmic stablecoin platform operating on a Proof of Stake (PoS) blockchain infrastructure built with Tendermint. LUNA, the native token of the Terra ecosystem, is down by more than 5% in the last 24 hours and is trading at $60.79 at press time.
