Hello terrestrian, would it would be the effect of implementing a rebasing mechanics into the supply of luna token in extreme conditions like the one the ecosystem is facing? Liquidity is too fragmented right now and tokens are siloed into exchanges, any further minting of fresh luna tokens won’t capture any sensible value and the way back to an healthy ecosystem will be hard.
Shorters will have to buy back more Luna to cover their loans, just to say.
I am not a technical guy and I am interested into hearing your opinion! Has it ever be considered?
The paramenter for the rebasing target and for the activation of the mechanic should be algorithmic in an ideal world, as their main purpose would be to smooth the excess minting of UST and LUNA in extreme conditions of unbalance.