A new proposal was pitched earlier this week by Terra developers as they look to revive the before mighty ecosystem even as its controversial co-founder remains a wanted persona.
The proposal, introduced as the “Terra Expedition”, is an adapted iteration of the Developer Mining Program and Developer Alignment Program primarily defined at the launch of the Terra blockchain.
The project is planned to be funded with 9.5% of the total reserved LUNA supply at the launch of the new Terra chain. The program is said to run for 4 years and will have a community-elected committee to manage it and have an evaluation every 12 months.
The floating proposal aims to effectively align incentives across the ecosystem, focus on bewitching developers & users, and promoting deep liquidity.