4 ms·
Wasn't there a twitter thread on their great plan to fix this? Instead UST is now at $0.11 and obviously headed to 0.
by stefan_ 4y ago
Wasn't there a twitter thread on their great plan to fix this? Instead UST is now at $0.11 and obviously headed to 0.
- raesene9 4y agoThere's been several proposals from community members about "solving" this. From reading them they seemed to fall into two camps "save Luna trash UST" and "save UST trash Luna" but both relied on the idea of some external party injecting a large amount of capital to restore confidence, and in a lot of existing participants losing money. Perhaps a suffienciently large rescue early in the problems could have solved it, but confidence is now gone and I can't see it returning to these projects.
- Tenoke 4y agoI believe the leading current plan is to relaunch it with a different peg mechanism and airdrop the initial tokens to previous holders which does seem like the only way for them to salvage it though obviously trust in the chain will be low. https://agora.terra.money/t/luna-go-forward-proposal/7136?fbclid=IwAR3IgQi89AcsNIck9djrgtI4dD5B57968_FUQEhvuiucJg082fRODvJJ1RA https://agora.terra.money/t/luna-go-forward-proposal/7136?fb...