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 Tweet is unavailable.
-
Replying to @AVibrantDreamer
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.
5 replies 3 retweets 16 likes -
Replying to @FatManTerra
Well, I expected 0.00004. Good yours have less zeros.
1 reply 0 retweets 1 like
Replying to @AVibrantDreamer
We could walk down to $0 but that may take a while
7:38 PM - 25 May 2022
0 replies
0 retweets
2 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.