Terra community approved the Proposals 3568 and 4159, introducing a 1.2% tax burn mechanism for LUNC on-chain transactions.
According to Terra Governance, these proposals will change the tax parameter from its value of 0 to 0.012 (1.2%). The tax burn is expected to go live by 20 September 2022 at the Terra Classic block height 9475200.
Higher trading spreads should be expected when trading LUNC at Uphold.