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@_JCH01

X Influencer, Proud owner of LUNA Strike Force BNB, a LUNA Classic Validator, Pinball Collector Classic Rock, Movies, Cartoons, & Animals
Joined October 2013
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JCH01BNB Verified account @_JCH01
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JCH01BNB Verified account @_JCH01
I've reviewed Terra Luna Classic Governance Proposal #12236, and I have some serious technical concerns

I was asked by the creator of this proposal to not reach back out so respecting his wishes, perhaps someone can help me get the answers to these questions and concerns.

Does this proposal strengthen the Terra Classic blockchain for everyone, or does it give special privileges to a small group of developers?

My initial assessment is that the proposal primarily benefits the specifically named development team, while offering a potential but not yet demonstrated benefit to the broader blockchain.

That doesn't automatically make it malicious. However, I believe the community should demand stronger safeguards before approving it.

1. What Proposal #12236 actually does
The proposal is titled:
Allow Juris Protocol and LuncSwap.fun (LSF) to Upload CosmWasm Code.
It requests changing the blockchain's x/wasm code_upload_access setting:
CURRENT
Nobody
No ordinary wallet can upload new CosmWasm code
PROPOSED
AnyOfAddresses
One named wallet receives upload permission
The designated wallet is described as belonging to Bumeo, who deploys security fixes for Juris Protocol and LuncSwap.fun.
This would allow that wallet to upload new CosmWasm contract code without requesting governance approval for each upload.
Importantly, the permission is for uploading code, not automatically deploying or executing it. Those are separate operations with their own controls.
That distinction matters when evaluating the actual security risk.
2. What I found after reviewing the developer's explanation
I located the detailed discussion supporting this proposal. There is more substance behind the request than the screenshot alone reveals.
According to the published technical documentation:
The designated wallet previously uploaded 18 code versions.
Juris Protocol operates lending, borrowing, and liquidation infrastructure.
Some contracts have undergone multiple upgrades.
Major contract migrations are controlled by a three-member DAO requiring two approvals.
The developers argue that waiting seven days for every security update is unacceptable.
These are legitimate operational considerations.
A vulnerability in a lending protocol can expose users' funds. Developers sometimes need to deploy fixes immediately.
I agree with their argument for faster emergency security updates. I do not automatically agree that one wallet should receive unrestricted, indefinite upload privileges.

3. My technical assessment

Consideration Assessment
Faster security updates Positive
Continued DeFi development Positive
Equal treatment of developers Concern
Concentration of upload privileges Concern
Independent code auditing Not demonstrated
Governance oversight Partial
Automatic expiration of permission Not specified.

More…
luncswap.fun LSF Exchange | Terra Classic Markets and DeFi Explore Terra Classic markets and prepare wallet-signed on-chain transactions across supported exchanges and DeFi protocols. Crypto-assets involve substantial risk.
4 replies 1 reposts 15 likes 697 views View on X