Revive Ecosystem

Terra co-founder Do Kwon’s proposal to hard fork the Terra network and rebuild its ecosystem has passed. The new chain – which will launch on May 27th – will not include a relaunch of the algorithmic stablecoin TerraUSD (UST). The Revival Plan Terra proposal 1623 passed on Wednesday with 65% of votes in favor, 13% against, and 21% abstained. As Terra explained over Twitter, the new “Terra 2.0” will be deemed the official “Terra” chain. Meanwhile, the old chain and…