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FatManTerra's profile
FatMan
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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. This Tweet is unavailable.
    3. FatMan‏ @FatManTerra May 25
      Replying to @Nerd_NFTLabs

      Since seigniorage is off, the two should trade relatively independently as opposed to the by-design parasitic relationship between LUNC and UST that was present earlier - there won't be any direct effects on LUNC, only UST.

      2 replies 4 retweets 25 likes
    4. DMars3306‏ @Fkbullalrt May 25
      Replying to @FatManTerra @Nerd_NFTLabs

      Well according to this it's gonna drop the price of LUNApic.twitter.com/FPiT3fE5B3

      2 replies 0 retweets 3 likes
    5. Joseph McCoy‏ @JosephMcCoy8604 May 25
      Replying to @Fkbullalrt @FatManTerra @Nerd_NFTLabs

      Because the Proposal was written before they disabled the mint/burn function. that section no longer applies.

      2 replies 0 retweets 1 like
    6. DMars3306‏ @Fkbullalrt May 25
      Replying to @JosephMcCoy8604 @FatManTerra @Nerd_NFTLabs

      So that will no longer happen? Are we sure of this?

      1 reply 0 retweets 1 like
      FatMan‏ @FatManTerra May 25
      Replying to @Fkbullalrt @JosephMcCoy8604 @Nerd_NFTLabs

      Yes

      7:42 PM - 25 May 2022
      • 2 Likes
      • Gepard
      1 reply 0 retweets 2 likes
        1. New conversation
        1. DMars3306‏ @Fkbullalrt May 25
          Replying to @FatManTerra @JosephMcCoy8604 @Nerd_NFTLabs

          So if they burn UST and that causes its value to go up, the value of luna should rise with it right?

          1 reply 0 retweets 0 likes
        2. Simon Kim‏ @finalcloud13 May 25
          Replying to @Fkbullalrt @FatManTerra and

          No not necessarily. If it does it's purely speculative and not because there is any sort of linking mechanism.

          1 reply 0 retweets 0 likes
        3. Show replies

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