Back in the top 10 on @mintdotfun
🎉
🔵Lets have some fun today and collect the rest of these Lil Based Ones ⌐◨-◨
🔵54% Minted now. Random #airdrops now happening.
🔵#ETH#GiveawayAlert happens after mint-out!🚀
#FreeMint HERE👇
https://t.co/I0obLVAcmR
#BuildOnBase #NFTCommunity
Have a great summer with @ourZORA alongside some of their favorite artists!
Mint your zorb today, exclusively on @BuildOnBase ☀️
https://t.co/2Aak77eI1n
The proposal on the official Terra Agora forum, authored by someone's name "Fatman"
This proposal is now likely the most realistic and most beneficial solution out there
Read the full proposal here 👇
https://t.co/GJwwMLupjA
$UST $LUNA #LUNAtics
The Interns are very much alive, despite what has occurred in recent days. We are actively working with the community to decide on steps moving forward.
Regardless of what happens community needs to stick together. That was the most important creation that happened on Terra.
Ethereum forked, survived and is now the #2 coin. If they can do it, why can’t we?
This is the start of something new and beautiful and Intern Capital is here to see it.
2/ I understand the last 72 hours have been extremely tough on all of you - know that I am resolved to work with every one of you to weather this crisis, and we will build our way out of this.
Together.
5/ The price stabilization mechanism is absorbing UST supply (over 10% of total supply), but the cost of absorbing so much stablecoins at the same time has stretched out the on-chain swap spread to 40%, and Luna price has diminished dramatically absorbing the arbs.
6/ Before anything else, the only path forward will be to absorb the stablecoin supply that wants to exit before $UST can start to repeg. There is no way around it.
We propose several remedial measures to aid the peg mechanism to absorb supply:
7/ First, we endorse the community proposal 1164 to Increase basepool from 50M to 100M SDR *) Decrease PoolRecoveryBlock from 36 to 18 This will increase minting capacity from $293M to ~$1200M. https://t.co/aqNKzYK2xC
This should allow the system to absorb the UST more quickly.