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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What about the 1.84B UST still sitting in the LFG wallet?https://terra.engineer/en/terra_addresses/terra1gr0xesnseevzt3h4nxr64sh5gk4dwrwgszx3nw …
I believe that will be distributed to small holders at some point but it looks like they want to get the airdrop first - if true, that's beyond shady - I'll discuss this if/when it happens
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how would you distribute ust? it should be burnt, not sold
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If they distribute it, it somewhat helps the people who qualify for the distribution as they could sell it for something (maybe not much but more than nothing). But it would hurt anyone still holding
$UST that didn’t get the distribution. - Show replies
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*preparing my seat for this update*
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Does one whose held UST to this point need to keep their UST to be eligible for this distribution, and also to participate in any pending class action lawsuits?
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LFG wallets are blacklisted.
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How about Do’s / Jump’s / Delphi’s wallet?
End of conversation
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Distributed at 0,4c on the $?
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If true. Lol
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