Proposal for full refund for all < $250,000 aUST wallets.
"With $1.46B, we will be able to refund 99.6% of all Anchor wallets, which is probably over 95% of all Anchor users."
I support this even though I would not benefit from this.
https://t.co/efdf5YisnK
Some interesting data on $UST and Terra's Anchor Protocol:
- There are 256K Anchor wallets
- The top 1000 Anchor wallets own 82% of all UST
- The poorest wallet in this top 1000 has 955K UST
This is great news for $UST / Anchor depositors.
Why? Let me explain..
1/
The combined market cap of $UST & $LUNA was larger than that of Lehman's before it collapsed in 2008.
However, the latter would have brought down the financial system were it not for taxpayer funded bank bailouts.
Tell me more about crypto's "systemic risk" 🤔
something super fishy is going on with $LUNA at the moment and nobody is talking about it
No real live data about tokens in circulation + burning is happening without any updates to community
Share share share!
We want answers
@MariusCrypt0 QUESTION: why not burn $2 worth of $LUNA in the new model, buy $1 USD and mint $1 $UST and back the latter with the former? $LUNA becomes more deflationary, $UST becomes safer, WIN WIN. Thoughts?
1st thought: $2MM -> $12MM. I'm genius
2nd thought: Uh oh, if $LUNA goes to sub-$5 I've still got the great cash flow coming from $ASTRO
3rd thought: Uh oh, if @astroport_fi dies...I still have quite a bit of $UST
4th thought: If $UST dies...fuck me
Last thought: Fuck me!!
The community is deciding on a new @terra_money, between restoring a snapshot prior to attack, removing TFL, fully collateralizing UST and drafting & deliberating new mechanisms for $LUNA.
We must salvage the remaining value in the ecosystem & community and rebuild the right way
Status update: a grassroots movement from a consortium of @terra_money developers is rallying support for restoring the ecosystem & L1,
This time with actual decentralized ownership by its users, not TFL.
If you're a Terra developer interested in joining the movement, DM me.
Who wants to try and rebuild from $1?
We’re in 🫡
Too much innovation and talent in this space to just give up now.
It won’t be easy but it will be worth it.
#LUNAtics assemble
Do Kwon bought $BTC instead of his own coin
he tried to help the crypto eco-system and got rugged right away
there is no friends, only sharks... thanks for playing ser