Monetary velocity is an important concept for understanding the Terra economy. It is an important output to measure because it captures how economic participants are using the Terra in circulation. This Terra blog post delves into how velocity, growth, seigniorage, discounts, and reserves are all related. It’s not easy to understand at first pass, so please feel free to ask any questions in this forum!
I read the blog and the design of Treasury is very interesting. Is it a single address on Terra?
Can you tell us which address is for the Treasury so we can monitor the transactions?
In addition, I still don’t understand that why creating stable mining incentives can help to maintain terra’s stability. Could you explain this in more detail?