Prop 56: Onboard Terra (chain_id: phoenix-1) onto Quicksilver

Summary

Fueled by the passionate #LUNAtic community and deep developer talent pool, the Terra blockchain is built to enable the next generation of Web3 products and services.

The Quicksilver development team proposes onboarding the Terra blockchain onto Quicksilver to unlock liquidity for $LUNA stakers. This action will enable the deposit of $LUNA (uluna) and the minting of $qLUNA (uqluna).

Timing

The onboarding of the Terra network will be effective when the proposal passes at the end of the voting period. Subsequent to successful checks, the Quicksilver web app will enable support for Terra shortly afterwards.

Voting Outcomes

• If you vote YES on this proposal, you approve onboarding Terra
• If you vote NO on this proposal, you do not approve onboarding Terra