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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It will increase the supply of Luna. Burning of UST will mint Luna.
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So sad.Not even a single hope for luna holders,price fall and our stacking is gone. We just can sit and wait or an airdrop which is not even close to our investment. I thought Stable koin ust and luna both was my best and safe investment because a top 5.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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