The Terra Luna Classic community has embarked on a new voting process, this time focusing on a highly debated proposal to expand the validator set on the blockchain. This development comes on the heels of Terraform Labs and Do Kwon's $4.5 billion settlement with the U.S. SEC. The proposal, dubbed "Increase Validator Active Set to 130," aims to integrate Luna v2 validators into Terra Classic, thereby enhancing the network's decentralization and benefiting the LUNC community.

The proposal is currently undergoing governance voting on the Station wallet, with a total of 38.04% "Yes" votes recorded so far. While top validator Allnodes voted "No," citing concerns about the amount of LUNC required to join the active set, the proposal has garnered significant support from the community, with 93.43% of delegates voting in favor. A total of 16 validators have voted "Yes," while five have voted "No," with one "No with veto" and four "Abstain" votes.

The proposed expansion of the validator set to 130 is expected to strengthen the Terra Classic network's decentralization, leading to a more robust and resilient ecosystem. This development comes at a time when the LUNC price has experienced a 2% increase in the last 24 hours, although it has failed to break resistance levels. The price currently stands at $0.00009079, with a 24-hour low and high of $0.00008877 and $0.00009432, respectively.

Meanwhile, USTC price has fallen by over 1%, currently trading at $0.01847. The 24-hour trading volume has decreased by 63%, indicating a lack of interest among traders. Despite this, the total LUNC futures open interest has jumped over 4% in the last 24 hours, suggesting that futures traders are driving LUNC prices.

In conclusion, the Terra Classic community's voting process on the validator increase proposal marks a significant milestone in the ecosystem's development. As the community works towards enhancing decentralization and robustness, the outcome of this proposal will be closely watched by investors and enthusiasts alike. With the LUNC and USTC prices struggling to gain upside momentum, the community's efforts to strengthen the network may pave the way for a brighter future for Terra Classic.