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Terra founder explains Project Dawn: $150 million is just the start, with up to $90 million a month to follow

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Terra will provide 5 million Luna (worth $150 million) as initial funding for Project Dawn, and will unlock up to 3 million Luna a month thereafter, Do Kwon said

原文标题：《 Introducing Project Dawn 》

Do Kwon Medium

原文作者： Do Kwon

Overnight porridge, the way of DeFi

On September 10, Terra co-founder Do Kwon announced the launch of Project Dawn, a new funding initiative for core technology improvements such as Cosmos, node validators and prophets, aimed at boosting Terra's ecosystem.

Do Kwon noted that Terra will provide 5 million Luna (worth $150 million) as initial funding for Project Dawn, and will unlock up to 3 million Luna (worth $90 million) a month to cover all operating costs. And transparently communicate the details of each unlock to the community.

Here are the details of Terra's Project Dawn:

Terra has experienced rapid growth in 2021, and with the support of the amazing #LUNAtics community, Terra's expanding TVL and jaw-dropping metrics like social engagement have become characteristic of a rapidly evolving ecosystem. However, the phenomenal growth rate highlights the need for core technologies and infrastructure in Terra's ecosystems to expand as the ecosystem explodes.

The decline in user experience during market turmoil (Anchor, Pylon, and TWD) shows that there is much work to be done to mature Terra's financial infrastructure.

We're funding Project Dawn with an initial capital commitment of $150 million (5 million Luna), and we're going to do three things with that money:

· Build a core Cosmos contributor organization;

· Invest in nodal infrastructure of the ecosystem;

· Diversity validator/predictor infrastructure;

First, we will establish an engineering team within TFL to contribute to the core technologies of Terra Blockchain (Cosmos SDK, Tendermint and CosmWasm). This initiative will add much needed firepower to the development of Cosmos Core technology.

We expect this team, along with the Genesis core team at @Tenderminthq and @Interchain_IO, to be one of the key contributors to the Cosmos technology, and we further invite other Tendermint and Cosmos based projects to contribute to the ecology.

Second, we will work with multiple industry-leading infrastructure partners to further enrich the ecosystem's nodal infrastructure. While we have made great progress in expanding FCD and Mantle over the past six months, the increasing number of users in the Terra ecosystem and the value of locking also increases the motivation for DDoS attacks. The community and TFL application services running on the Terra chain must rely on a diverse infrastructure.

Third, we will strive to make the validator and predict machine infrastructure diversification, at present, many Terra selection will be checked their node hosted on AWS and GCP mainstream of cloud services, although in the general case, this is no problem, but this dependence, caused the ecological dependence on centralized service provider, this is unacceptable. We will work with the existing set of validators to explore ways to reduce the cost of using self-hosted nodes or non-cloud data centers for validators.

Given that the stability and redemption of UST depend on the chain's correct understanding of Luna's real-time price, it is critical that the Luna feed price used by the verifier be resistant to vulnerability and manipulation. Currently, there are only a few feeding implementations used by validators -- we'll set up grants to diversify the predictor's feeding options so that significant parts of the network don't depend on a single implementation.

Project Dawn has started today with 5 million LUNA ($150 million market cap) unlocked and distributed in the TFL Genesis wallet.

After Project Dawn, TFL also promised to unlock up to 3 million Luna (worth $90 million) a month to cover all operating costs and transparently communicate the details of each unlock to the community. This will cover all expenses incurred during Project Dawn as well as all other TFL operating costs, such as employee token allocations. We will make further announcements regarding infrastructure improvements throughout the fourth quarter, which we believe will lead to more predictability in Luna token emissions.

Building a mature infrastructure requires long-term hard work and we are happy to be working on the LUNAtic and Cosmos communities.