Wondering if these 2 subjects could need some community discussion:
Terraform Labs (TFL) holds a significant amount of Luna (~472M). This Luna is non-circulating and is for instance being used to pay employees, stake through the Terra Delegation Program, community pool and to fund Project Dawn (3M unlock per month).
At the moment that 3M Luna per month for Project Dawn is actually the only notable unlock that takes place. And it’s peanuts compared to the amounts of Luna that’s being burned everyday. So it’s not that we have to worry about anything, but it might be worth to discuss it at least.
Because it is not entirely clear who owns what and how much Luna is needed in the future. It might be a good idea to get some extra clarity on the non-circulating supply and it’s purpose. I think it’s good to have a stability reserve, pay employees what they deserve (and more) and maybe have still unvested tokens for VC’s stored.
And of course there’s Project Armageddon, which will effectively burn the TFL holdings when needed.
But what if a large portion of that Luna might not even be needed right know or in the future?
For example we could slowly start to burn a ‘X’ amount every month (sending to a burner wallet address). That would strengthen decentralization and remove potential ‘trust issues’.
In addition to the above, 3M Luna is released every month to fund Project Dawn. When TFL announced this new project in september the Luna price was around $25, which would result in a monthly budget of $75M.
As of today the price of Luna has risen to roughly $100, which results in a massive $300M budget per month. What happens to funds that aren’t needed that month? Maybe it’s a good idea to lower this unlock to 1M Luna per month.
I know there are more important things that are being worked on but maybe these are things that can be discussed?
Sorry for the long story