Dear @CoinDCX, it's been 2 days since funds were debited from my accnt but haven't been credited to my wallet. You are failing on your promise and with no response at all from any DCX buddy, is making us question the support you are providing the commoner.🙏
@Cardano@smtgpt
I dont know whether this would be a logical solution to solve $LUNA ecosystem problem ; but I am proposing it
S1: Disable all the UST deposits & withdrawals ; in that case UST will stay in the system
S2 : Enable LUNA withdrawals only : So that only can be moved
(1/x)
S3: Create a dynamic mechanism wherein burning $LUNA will give more than 1 UST : if the price right now of UST is .4 cents then burning 1$ worth of LUNA will give you 1.6$ of UST
By this LUNA prices will start to appreciate bcoz of clear arbitrage benefit
Last in First Out (LIFO) mechanism can be established
and the convergence of UST to 1 can start to happen on blockchains
At the same time LFG can also start increasing burning fees so that treasury can be refilled.
As soon as convergence finishes and when governance feel strong that they can withhold any resistance then the whole mechanism should be restarted.
But this would be needing coordinated efforts of exchanges ; DEX'es and in order to stop this bleed and investors losing billions
This is what is required.
@terra_money & @stablekwon need to create a more dynamic mechanism which I tried to give a rough idea so that whenever they are larger deviations you need to put in dynamic taxations and dynamic incentives so that peg is always maintained
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