Terraport, the recently-introduced DeFi platform on the Terra Classic network, has once again confirmed the numerous benefits it will bring to the LUNC token, including the incineration of LUNC with every transaction and an increase in on-chain volume.

The team behind the DeFi protocol recently made these disclosures in a dedicated tweet, outlining three points through which the platform can be beneficial to the LUNC community. This comes two weeks after its whitepaper was released, with TerracVita, the development group behind the protocol, calling it the “rebirth of utility on Terra Classic.”