Allow LUNA to recover naturally. Free market dynamics!

Governance & Proposals
#1

This event has been the greatest redistribution of UST/LUNA across the crypto community. The Terra/LUNA ecosystem will be the stronger for it.

ALL proposals should focus on the burning of ALL excess UST/LUNA held by ecosystem protocols and team.

A NEW BEGINNING. We should all embrace it.

Don’t kill the recovery with these key stakeholder motivated, m/billionaire advised and VC driven garbage proposals, forks, resets, reorgs, etc.

Simple proposal.

(dollar cost averaging is THE solution for everyone under this proposal)

9 Likes
Fork/Snapshot/Luna 2.0 will not get listed on Binance
#2

This one.

  • Bring back to the chain the biggest amount of tokens possible.
  • Focus on burning excess tokens.
  • Halt trading in cexes.
  • Disable UST minting until peg is restored.
  • Create incentives to buy and stake Luna (on chain).
  • Get funds to collateralise (at least partially) UST.
#3

I would also say permanently only allow minting LUNA (burning UST) when market cap of LUNA > number of UST, with a limit to a small percentage of the market cap.

Minting of UST should be the same, only possible when number of UST < 0.1x market cap so there’s always a huge buffer.

That way the ecosystem can grow but never too fast and minimizing loss of confidence in redemption.

#4

And again I am asking you guys. TO BURN means TO BUY. Who will finance buying of 6500 billion LUNA? Where is rescue money supposed to come from?

#5

From the bailout fund the creators made for exactly this scenario