The current LUNA token will be renamed LUNC, while the new LUNA 2.0 token will assume the ticker LUNA. Holders of LUNC (Luna Classic), USTC (UST Classic), and aUST (staked UST) will be airdropped LUNA tokens from the new chain.

LUNA Airdrop

The testnet is currently live for LUNA 2.0, and the mainnet will be activated on May 28. When the mainnet goes live, the airdrop will begin. According to a Terraform Labs verified Medium post, you will be eligible for the airdrop if:

At the Pre-Attack snapshot, hold:

• LUNA (including staking derivatives)
• Less than 500k aUST (UST deposited in Anchor)

And/or at the Post-Attack snapshot, hold:

• LUNA (including staking derivatives)
• UST

When Will I Receive My Airdrop?

As Table 2 illustrates above, the distribution and vesting of airdropped LUNA depends on the wallet’s token type & quantity, as well as the snapshot it exists in.

Date of first airdrop: Genesis — May 27th, 2022

At Genesis, 30% of the LUNA airdrop will be immediately available to Pre-Attack users with wallets that had less than 10k LUNA (including staking derivatives) or deposited UST in Anchor, and Post-Attack users with any quantity of LUNA (including staking derivatives), UST, or both.

Example Scenario — Alice

Alice holds LUNA and is an Anchor depositor. She has the following tokens in her account：

Alice will receive 30% of her eligible airdrop at Genesis on May 27th. Thereafter, her remaining airdrop will be vested linearly to the same wallet address over 2 years with a 6 month cliff.

Vested LUNA

At Genesis, all airdropped, vesting LUNA will be automatically staked to Terra validators in order to preserve network security. Users will earn staking rewards on their vesting LUNA starting from the point at which it is staked, and can claim these rewards at any point. Users can also undelegate, redelegate, and delegate their LUNA while it’s vesting and being staked. This ensures users have agency over which validators their vested LUNA is staked with.

Following the unlock of LUNA at Genesis, users will not receive the additional vesting LUNA until at least 6 months later (this is known as a 6-month cliff). The vested LUNA will be distributed every block (approximately every 6 seconds) to the same wallet address after the user’s cliff. If a user would like liquid LUNA as soon as their cliff hits, they’ll need to undelegate their staked, vested LUNA at least 21 days before the first day of their cliff. Users can also keep their vested LUNA staked after their cliff hits to continue earning staking rewards.

Assets, Chains, Bridges, and CEXs supported

As we work towards distributing LUNA to as many eligible users as possible in the airdrop, it’s important to note that technical issues restrict us from including all UST and LUNA holdings in the snapshots.

On a best effort basis, and where possible, we will earmark the total amount of LUNA in the bridge contract to be set aside as part of the community pool for distribution after the chain launches.

Assets that may not be included:

UST or LUNA bridged off of Terra

• Users with bridged UST or LUNA who would like to be included in the Post-Attack snapshot need to bridge back to Terra before the snapshot is taken.

UST or LUNA on Terra protocols that cannot be easily identified

• All protocols listed on DeFi Llama here will be covered, in addition to a few others that are known.

UST or LUNA on CW3 multi-sig contracts

• Most UST and LUNA in CW3 multi-sig contracts will be accounted for, but there could be edge cases that may not be included.

The following table details the full list of chains, bridges, and CEXs that will be supported in the airdrop at Genesis:

This table will continually be updated as we receive new information regarding the support of the airdrop.

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