Columbus-5 is now officially live as the new Terra mainnet! | Terra - Announcements

Columbus-5 is now officially live as the new Terra mainnet!

Welcome to the future of Terra

Col-5 unlocks numerous dimensions for the Terra ecosystem to better capture value, port assets across IBC-enabled chains, and set the foundation for a vibrant TeFi economy.

Columbus-5 simplifies the Treasury Module logic of the Terra protocol so that 100% of the $LUNA seigniorage generated by the expansion of the $UST supply is burned.

By closely tethering LUNA demand to UST demand, LUNA value capture becomes a function of UST’s adoption in a thriving cross-chain, Internet-native environment. As a result, more demand for UST shifts LUNA’s demand curve outward, while LUNA’s supply curve contracts.

Since 100% of LUNA is burned in Columbus-5, no more seigniorage will be diverted to the community pool.

Columbus-5 is just the beginning. It lays the foundation for future waves of apps, protocols, builders, and users to onboard into the TeFi ecosystem -- wielding the power of decentralized money that is more attractive to spend and hold than fiat incumbents.

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Detailed Post: https://medium.com/terra-money/columbus-5-launches-welcome-to-the-future-of-terra-8a9ebfa570c5

Retweet: https://twitter.com/terra_money/status/1443533409821675524?s=21