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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Though, I wouldn't be surprised if there were "Technical errors", and if not, and it goes through, likely they are benefitting on it as all.
I think it'll almost definitely go through provided there are no bugs - the previous bug won't be an issue this time, by the looks of the updated parameters
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I am just saying that because its based on a dollar amount, which they can easily manipulate so the parameters no longer are met.
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Well, a UST amount......no longer "stable" to say dollar amount.
End of conversation
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Do Kwon’s V2 proposal had no mention of the total token supply. People just assumed 1 Billion because that’s what the 1st proposal listed. Not sure why the “Technicalities” only occur sometimes…
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I never noticed that until you just pointed it out. While it is interesting, it really doesn't matter what the supply is overall (as long as it's a fixed supply that can't be minted) as the percentage of total supply allocations will determine the value for holders.
End of conversation
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Will this result in a pump for UST?
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