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FatManTerra's profile
FatMan
FatMan
FatMan
@FatManTerra

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FatMan

@FatManTerra

FatMan from the Terra Research Forum I provide research, updates, and analysis on the Terra situation as it unfolds. Views are my own opinions.

fatmanterra.eth
Joined May 2022

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    1. FatMan‏ @FatManTerra May 25

      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 

      120 replies 116 retweets 623 likes
    2. Song A Reum‏ @songareumm May 25
      Replying to @FatManTerra

      Sorry for asking. Are this burn will effect luna too? Both holders ust/luna?

      2 replies 0 retweets 3 likes
      FatMan‏ @FatManTerra May 25
      Replying to @songareumm

      Not directly

      7:00 PM - 25 May 2022
      • 7 Likes
      • 💎Bullish_Bear_💎$ALBT - $MITX - NEW💎? Adeptio 🪄🔧💎📡🏋🏻 mleduh Peter Pineapple Chris
      2 replies 0 retweets 7 likes
        1. Chris‏ @Chris60383305 May 25
          Replying to @FatManTerra @songareumm

          But how please. If not then why are they burning and why does it matter because they said no more UST in New chain

          0 replies 0 retweets 2 likes
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        2. New conversation
        1. Chris.‏ @sohchris May 25
          Replying to @FatManTerra @songareumm

          It will increase the supply of Luna. Burning of UST will mint Luna.

          2 replies 0 retweets 1 like
        2. FatMan‏ @FatManTerra May 25
          Replying to @sohchris @songareumm

          No, seigniorage has been turned off and removed from the whitepaper

          1 reply 0 retweets 5 likes
        3. Show replies

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