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Almost 24 million $Luna burned so far and all of it from circulating supply. Do you know why? $UST continues to have huge demand 4 $MIR. This means $UST is being sold @ premium. This gives people opportunity to - burn $Luna to mint new $UST - sell $UST at a premium - repeat

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Smart Stake

@SmartStake

· Feb 13, 2021

1/2 - Terrans - wondering about the source of $Luna burns? terra.smartstake.io got you covered. Visualize the change in circulation vs locked supply while $Luna goes through massive burns Added daily supply change 4 $luna since the new burn started terra.smartstake.io/history

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Smart Stake

@SmartStake

Feb 13, 2021

the complete cycle: - buy $Luna at market price - burn $Luna to mint new $UST at its $1 peg - sell $UST at a premium (say 1% to 5% profit) - repeat cycle As long as $UST demand is more than market supply, $Luna will continue to burn

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AltLONG Musk

@fiat4losers

Feb 14, 2021

What are they paying?

Crypto Arsenal

@cryptoarsenal

Feb 14, 2021

$luna is burnt and equivalent $ust is created as per market price

AltLONG Musk

@fiat4losers

Feb 14, 2021

So in theory if someone wanted to sell 20% of their bag at say $10. It makes more sense to burn it rather than sell it on the exchange? Am I missing something here? I am merely just a humble shilla