# Genuine Labs's Community Spend Proposal

On behalf of Genuine Labs, I'm submitting this proposal for the work we have undertaken over the past 11 weeks. Our focus has been on uprading Terra Classic core to sdk47, prevent p2p storms and update relevant dependencies.

We have maintained transparency throughout the works by providing biweekly reports on our progress. You can find detailed updates work in the following links:

https://hackmd.io/@I6jxy3DTTEeZcmtjEz1kLw/S1tZ6LTAp
https://hackmd.io/@I6jxy3DTTEeZcmtjEz1kLw/SyQvbJ-gA
https://hackmd.io/@O2c-4nD0Qz6e_DUjqIEGrw/SJxSR7mQR

The cost of these works, as refered in [#12088](https://ping.pub/terra-luna/gov/12088) is $30,000 (to be paid in Lunc from the community pool at current exchange rate: 256,410,256 Lunc)

Market price of Lunc at the time of this proposal: $0.000117/Lunc

*Vote Options:*
Vote **Yes** if you are satisfied with our efforts and agree to fund Genuine Labs.
Vote **No** if you are not satisfied with our work and disagree with funding us on LUNC.
Vote **No With Veto** if you see this proposal as a spam or harmful to the chain
Vote **Abstain** if you simply want to contribute to the quorum.