Just in: Terra's governance proposal to burn 1.38B UST from the Community Pool has officially reached quorum and will pass in 18 hours. This burn will reduce the total UST debt overhang by 11%. https://station.terra.money/proposal/1747
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Let’s go!
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And what about buen
$LUNA ???Thanks. Twitter will use this to make your timeline better. UndoUndo
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I think they should also burn the
$LUNC that they hold.Thanks. Twitter will use this to make your timeline better. UndoUndo
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As am I. Some scraps, but also tucked away
$s
End of conversation
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Since seigniorage is off, the two should trade relatively independently as opposed to the by-design parasitic relationship between LUNC and UST that was present earlier - there won't be any direct effects on LUNC, only UST.
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At
#luna s costThanks. Twitter will use this to make your timeline better. UndoUndo
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