Terra Shuttle Bridge Reopens: Act Fast to Redeem Your Assets on August 28!
Key Points:
- Terra’s Shuttle Bridge is now open for redeeming wrapped assets like LUNC and USTC, allowing transfers back to Terra Classic.
- The bridge will close 30 days after Terraform Lab’s Chapter 11 bankruptcy plan’s effective date, expected around October 30, 2024.
Terra Shuttle Bridge reopens, and the interface can now enable the redemption of wrapped assets.
Terra Shuttle Bridge Reopens for Asset Transfers
Terra Shuttle Bridge reopening paves the way for transferring the assets from several other networks back to Terra Classic. More precisely, the reopening will pave the way for transferring the LUNC and USTC assets previously bridged to Ethereum’s mainnet, BNB Chain, and Harmony network back to Terra Classic.
Terraform Lab‘s Chapter 11 bankruptcy plan will have an effective date when the Shuttle Bridge will remain open for 30 days. Based on the projected September 30, 2024, the effective date will be about October 30, 2024, although that could be changed. The Terra Shuttle Bridge reopening period is, in effect, a critical window during which users will be able to redeem their assets before the bridge is permanently closed.
Read more: Polygon & Terra Classic: Whale Activity & USTC Peg Restoration
Significant Chance for Terra Classic Users
Terra is encouraging users to claim their assets as soon as possible immediately. Any asset that remains in the contract once the bridge closes will be destroyed forever, as the bridge will be completely shut down. This move means taking swift action and ensuring that a person doesn’t lose a valuable asset, which is essential.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Author
News
Terra Shuttle Bridge Reopens: Act Fast to Redeem Your Assets on August 28!
Key Points:
- Terra’s Shuttle Bridge is now open for redeeming wrapped assets like LUNC and USTC, allowing transfers back to Terra Classic.
- The bridge will close 30 days after Terraform Lab’s Chapter 11 bankruptcy plan’s effective date, expected around October 30, 2024.
Terra Shuttle Bridge reopens, and the interface can now enable the redemption of wrapped assets.
Terra Shuttle Bridge Reopens for Asset Transfers
Terra Shuttle Bridge reopening paves the way for transferring the assets from several other networks back to Terra Classic. More precisely, the reopening will pave the way for transferring the LUNC and USTC assets previously bridged to Ethereum’s mainnet, BNB Chain, and Harmony network back to Terra Classic.
Terraform Lab‘s Chapter 11 bankruptcy plan will have an effective date when the Shuttle Bridge will remain open for 30 days. Based on the projected September 30, 2024, the effective date will be about October 30, 2024, although that could be changed. The Terra Shuttle Bridge reopening period is, in effect, a critical window during which users will be able to redeem their assets before the bridge is permanently closed.
Read more: Polygon & Terra Classic: Whale Activity & USTC Peg Restoration
Significant Chance for Terra Classic Users
Terra is encouraging users to claim their assets as soon as possible immediately. Any asset that remains in the contract once the bridge closes will be destroyed forever, as the bridge will be completely shut down. This move means taking swift action and ensuring that a person doesn’t lose a valuable asset, which is essential.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
Related Posts
Latest
Strategic Bitcoin Reserve Driven by 5-Year Commitment to Buy BTC
Next Crypto to Explode in 2025: Top 7 Picks You Should Invest in Now
Press Release
Next Crypto to Explode in 2025: Top 7 Picks You Should Invest in Now
