I know most of you are down, depressed or even in worse conditions. I don’t want to give false hopes nor doom telling but just some information/rumors/expectations about what will happen someof the dApps developed on Terra Ecosystem (hence the speculation flair).
Terra Ecosystem, as you might already know, built on Tendermint / Cosmos SDK and has full IBC transfer capabilities (right now it’s shut down though). Even if there are plans to revive Luna 2.0, i don’t think that it would receive too much trust nor support. So, next best option for many dApps would be migrating to Cosmoshub or Cosmos based chains. There are many available/compatible Layer1 chains on Cosmoshub like Osmosis([ https://osmosis.zone/](https://osmosis.zone/)), Juno ([ https://www.junonetwork.io/](https://www.junonetwork.io/)), Crono ([crypto.com]( https://crypto.com)), Secret & Thorchain etc. Actually quite nice choices… Most of the chains support CosmWasm (permissioned or permissionless).
It seem like there are many ongoing initiatives and talks right now. Juno is setting up Terra Fund to support ex-Terra developers: [Community Spend Proposal for Creation of Terra Developer Fund]( https://www.mintscan.io/juno/proposals/23) includes 1m JUNO (right now about 7m usd) be transferred to a fund.
Osmo’s [Sunny Aggarwal]( https://twitter.com/sunnya97/status/1525508962887553024) tweeted about he is contact with many projects looking for a new home.
[Loop Finance]( https://www.loop.markets/a-look-ahead-for-loop-finance/) made a joint twitter space chat with Juno yesterday
> Join us and the Juno team today to learn more about what Juno can offer Terra ecosystem projects!
and also underlined their portability of their project (check out the whole AMA they did): [ https://www.youtube.com/watch?v=Ihgwd5gxKec&t=2703s](https://www.youtube.com/watch?v=Ihgwd5gxKec&t=2703s)
[Kujira team]( https://teamkujira.medium.com/the-future-of-kujira-485d43c4729c) probably will go on for their own layer1 appchain in Cosmos.
actually their quote is summarizes everything:
> Thankfully, we don’t need to make a decision between A or B. With the [Cosmos]( https://cosmos.network/) ecosystem and the [Cosmos SDK]( https://v1.cosmos.network/sdk), we can build our own sovereign Layer 1 chain, where we have complete control over the protocol design, as well as interoperability with all other Cosmos chains from day 1.
get well soon everyone.
PS: I am not very deep into Terra Ecosystem, but Cosmoshub , So I probably miss lots of important & nice projects and their plans for their future or their migration.