Conversation

Do Kwon

@stablekwon

Feb 22

A decentralized economy needs decentralized money. And decentralized money needs decentralized reserves. $BTC 🤝 $UST

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SportBall

@AAllen11

Feb 22

Question though, would this interfere with the Luna burn for the UST mint at all? Love it my man!!! Next lets figure out how to do gold

Do Kwon

@stablekwon

Replying to

@AAllen11

No Why would it

5:11 PM · Feb 22, 2022Twitter for iPhone

Replying to

Awesome Sauce!

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rektwall2wall.eth/tez

@wall2wall_eth

Feb 22

By what I've gathered, information wise, the only way $BTC would be used is if some catastrophic event happened to somehow depeg $UST.. otherwise the normal protocol would still burn/mint $LUNA to maintain peg. Could be wrong about this but just what I think!

Replying to

and

From my understanding the reserve LFG is building will be a way for ppl to cash out their $UST for something other than Luna, nothing to do with the burn mechanism

SportBall

@AAllen11

Feb 22

That would be interesting