Terraform Labs CEO Announces Plans to Dissolve Operations

Terraform Labs CEO Announces Plans to Dissolve Operations

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The CEO of Terraform Labs revealed that the firm is planning to dissolve its operations. The firm plans to sell its projects in the Terra ecosystem, including Pulsar Finance, Station Wallet, and Enterprise DAO. TFL will be completely winding down its operations. The firm proposes a community vote to burn all unvested Luna, Terraform’s native token. TFL will also burn anything that remains vested in the wallets. The Terra and Terra Classic blockchains will continue under the community’s control.

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