BTC/UST is not the only way. We need decentralized stablecoins and by using bonded foreign stablecoins then it meets the practical criteria of being backed by decentralized money without centralized exchanges. If the greatest plan @JumpTrading has is to continue forward with simply the $0.98 BTC backing then you will see additional depegging pressure during additional Fed interest rate hikes. In all your proposals you must realize by now that cash must be collateralized with multiple assets and currencies. It is not possible to escape George Soros pressure and single points of failures. Please consider to raise LUNA stability insurance funds and increase actual bonded stablecoin collateralization for USTs. This is the only way to make the system have value. Everything thing else is waiting for a bigger fish to toy with your BTC reserves then damage Terra again, except there is no next time. The next time everyone will flee from this platform for good. We must build extreme robustness and know your $0.98 BTC is incapable of going up against large whales. Assets ideally should never back USTs. Only stablecoins back USTs. Assets and stables can back LUNAs.