The Terra Classic community has announced the launch of the new Market Module 2.0 (MM 2.0), which brings significant changes to the ecosystem without minting new tokens.
What's New in Version 2.0?
The new MM 2.0 version stands out with its mint-free approach. It offers multi-layered restrictions including SDR base, PRP limits, and daily minting limits based on burn history. The main features of MM 2.0 include:
* Instantly Available: The Marketplace Module is available immediately. * Swap Fee (0.35%): Half will be burned and the other half sent to the Oracle Pool. * New Minting Limitations: Up to 80% of LUNC burned in the past 30 days can be minted (maximum 100k SDR).
USTC and LUNC Exchange Parameters
In the new clearing system, the exchange process will work as follows:
* USTC – LUNC: User gives USTC and receives LUNC from the pool. * LUNC – USTC: User gives LUNC and receives USTC from the pool.
Half of the 0.35% fee charged on each swap transaction is burned while the other half is transferred to the Oracle Pool.
Community Risks and Expectations
Although many security measures have been implemented, if the impact the community expects from this mechanism is too high, disappointment may occur. Swaps concentrated only in the USTC-LUNC direction may lead to the pool being depleted and falling below expected LUNC burn rates, which, however, may accelerate USTC burns.
The release of Market Module 2.0 for Terra Classic is aimed at reducing inflationary risks while providing stricter minting conditions, but its success will rely on community engagement.
