The Joint L1 Task Force (L1TF), consisting of core developers from Terra Luna Classic, has submitted a proposal to create a community-owned wallet.

The aim is to give the Terra Luna Classic community greater control over the management of the wallet, with the assistance of an L2 team.

Currently, Terra Classic L1TF utilizes various L2 wallet dApp providers, including TFL (Station), Keplr, and Trust Wallet. However, none of these providers offer a community-owned version of the Station wallet.

According to the proposal, the plan involves developing a community-owned web version of Station, along with mobile apps for iOS and Android, and a Chrome browser extension.

These enhancements will enhance client wallet diversity, improve the Station codebase, and reduce the load on TFL by enabling L1 upgrades and maintenance testing on the Station after each Terra Luna Classic upgrade.

To ensure the smooth functioning of the community-owned wallet, the L1TF proposes the creation of an independent L2 team.

This team will be responsible for maintaining and managing the wallet, implementing upgrades, minimizing end-user downtime, and conducting regular maintenance.

In the third quarter of the year, the Joint L1 Task Force plans to develop the community-owned wallet at no cost. The expenses for domain registration and hosting will be covered by the compute budget of the L1TF, eliminating the need for a separate community spend proposal.

However, a monthly budget of up to $3,000 will be required for ongoing management, maintenance, and future upgrades of the wallet.