Proposal Details
Proposal #98
Proposal title
Setup LUNC IBC Auto-Forwarding
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Proposal #98 description
This proposal, if accepted, would establish the bech32 address prefix 'terra1' as the IBC Auto-Forwarding prefix for SendToCosmos transactions. Any SendToCosmos transactions whose CosmosReceiver field begins with 'terra1' would automatically be forwarded to Terra Classic over IBC channel-101. Failed IBC transactions will result in tokens transferred to the equivalent address on the Gravity Bridge chain, requiring user intervention with the same cosmos private key. When evaluating this proposal the community should be confident that channel-101 is the official channel leading to Terra Classic, and that terra1 is the correct prefix for Terra Classic account addresses.