Community there is a discussion here regarding another idea for USTC. Please look in and read up in agora. I’m am sad to say though that some the factions are out again and not giving the team here an opportunity to discuss because their replies have been blocked.
Exciting news for the #TerraClassic community! 🚀View quoted post on X
A new governance proposal introduces USTCC a 101.5% USDC-over collateralised stablecoin that ditches the old TFL debt for a fresh start. Minting embeds 1% fees for USTC buybacks (50% burned, 50% vaulted), accelerating deflation and revival of USTC (currently circa $0.006 with 5.5B circulating supply).
This could be the catalyst to leave bad debt behind, launching debt-free stables alongside LUNC Forex for rapid ecosystem trading revival.
Not just for #LUNC, but boosting the entire #Cosmos ecosystem with secure, DeFi-synergised assets.
Shoutout to one of our founding members @woodyforce, a key contributor via @NodeNexusVal , and also taking up a new position with @LUNCMetaverse as Marketing Director helping drive this forward. Risks like volatility are covered with auto-liquidations & audits.
We would like to wish @woodyforce the best with his new endeavours, and are looking forward to updates on new things that he can help bring to the chain.
As always this will not change the core ethos we at @NodeNexusVal operate on, and we will continue to remain impartial toward all on chain validators and will always follow our delegates voices on how we vote!
Please let us know your thoughts 💭
As it’s currently freshly up for discussion all input could be helpful on how this could be shaped going forward!
Join the discussion on Agora t.co/utghNUxymG
#LUNCRECOVERY #USTCRepeg
