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For the first time in Terra’s history, seigniorage distribution to the validators/delegators and the community pool has occurred due to the sharp increase in UST demand -- equating to 24 million LUNA. This is NOT newly minted LUNA.
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I dont think most understand how bullish this is. TLDR- + $LUNA is implementing a sustainable form of seigniorage + Staking rewards set to increase 3.9% from this round of seigniorage + Community gains $78m worth of $LUNA that they will govern 1/2
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Current Luna Staking APR: 0.65% $LUNA APR from $MIR drop: 5.21% $LUNA APR from seigniorage distribution : 12m/302m = 3.97% Expected new Staking APR : 0.65% + 5.21% + 3.97% = 9.87% Would be good if could verify if the calculations are accurate.
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