Did you know that since October 2021, the Terra Classic blockchain has recorded a total of 1,732 proposals? These proposals reflect the community’s efforts to shape the network through decentralized decision-making.
Through on-chain governance, members can submit ideas, suggest upgrades, and vote on changes that impact the ecosystem.
Breakdown of Terra Classic Proposals
● Passed: 180 proposals have gained majority support and successfully passed, leading to real changes on the network.
● Rejected: 1,404 proposals were rejected by the community, showing the importance of consensus and due diligence before submission.
● Vetoed: 148 proposals were vetoed, often due to being considered harmful, misleading, or spam.
● Failed: 10,334 proposals did not meet quorum or voting requirements, making them automatically invalid.
What This Means for the Terra Classic Community
The high number of failed and rejected proposals highlights both the openness of Terra Classic’s governance system and the challenges of building consensus in a decentralized ecosystem. While only a fraction of proposals pass, those that do often bring meaningful improvements to the network.
This level of participation reflects a strong and active community, even after the challenges Terra Classic has faced since the collapse of its algorithmic stablecoin. Governance continues to play a central role in shaping the blockchain’s direction, ensuring that decisions are made collectively rather than by a single authority.
