Two of the largest staking platforms, Figment and Chorus One, will not be able to support Terra’s new network on the grounds that they “do not follow a legitimate management process”.
Figment, which had $6 billion in assets under management in February, and Chorus One, which currently has $1 billion in assets, will not support Terra’s new network. The companies cited concerns about the way the decision-making process was handled as the reason.
Chorus One argues that during the voting, staking on the network was frozen and voting powers and the main proposal to restart the blockchain were changed at the time of the vote; Pigment similarly put forward the amended plan during the voting and voted “no” with a veto.
As it is known, LUNA 2.0, which caused controversy, is scheduled to be launched tomorrow. The launch was planned for today, but it was announced on Terra’s official Twitter account that the launch is expected to take place tomorrow.
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