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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1.3 billion UST isn’t 1.3 Billion USD….. UST is worth .10 USD…. That’s barely going to do shit
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True…. It’s better than 0%
Thanks. Twitter will use this to make your timeline better. UndoUndo
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People will dump it right away..
Thanks. Twitter will use this to make your timeline better. UndoUndo
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This will be executed AFTER Luna2 takes post-attack snapshot. I think people will dump lots of UST after the snapshot. So the 10% probably will not help much since most people will sell.
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Ouch …. Better get out soon people!
End of conversation
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