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
This news will almost definitely result in a lovely little pump to assist MMs in wiping out bottom shorters - I think the effect will be short-lived and we should walk back down to $0.04 over the next few days. NFA.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Well, I expected 0.00004. Good yours have less zeros.
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We could walk down to $0 but that may take a while
End of conversation
New conversation -
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This will be useless because all centralised exchanges are ceasing UST markets before the snapshot is taken, even if there is a pump we will not be able to sell! Either get out before the snap shot or hope to hell the snapshot is worth something. Tough decisions!!
Thanks. Twitter will use this to make your timeline better. UndoUndo
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what about old luna? is still get down ?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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@FatManTerra with profits in mind. is it smart to move lunc over to ust in this case or keep my lunc? Sorry for silly questionThanks. Twitter will use this to make your timeline better. UndoUndo
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