Note: Exchange transactions on Fireblocks using LUNC and USTC tokens will be temporarily blocked.
On May 25th, 2022, the Terra community approved a proposal to create a new network, known as Terra 2.0, and rename the previous network Terra Classic. The Terra 2.0 network will be created on May 27th, 2022.
The LUNA and UST tokens on Terra Classic will be renamed LUNC and USTC. Terra 2.0 will not support the algorithmic stablecoin UST. Additionally, there will be airdrops to some addresses on the Terra 2.0 network on May 27th, based on balances from pre-attack and post-attack dates.
In the Fireblocks ecosystem, we will rename the Terra Classic network’s existing assets (LUNA and UST) to LUNC and USTC. While we will not provide immediate support for Terra 2.0, we intend to monitor its adoption closely. When we do support Terra 2.0, your airdropped funds will become accessible in Fireblocks.
For more information about updates to the Terra ecosystem and further details about airdrops, we recommend that you read the official proposal.