The governance vote on Do Kwon's proposal to relaunch the Terra blockchain and create LUNA 2.0 tokens has passed. This will result in the creation of a new blockchain that will airdrop tokens proportionally to those affected, following the sudden collapse of the TerraUSD (UST) algorithmic stablecoin. In total, 65.5% of the total votes supported Kwon’s proposal. Only 13.2% who were opposed to the fork voted “no with veto.” Just over 20% of votes decided to abstain. Following Terra's collapse, Terraform Labs CEO Do Kwon suggested the launch of a new network (initially describing it as a fork before that was corrected ... (full story)