This proposal aims to enable Staking/Delegations on Terra Classic for USTC.
Motivation
The motivation behind this change stems from the realization that when staking was deactivated on Lunc, it had detrimental effects. However, after the re-enablement of staking and the burn proposal to Lunc, there were promising signs of a revival. Enabling Staking/Delegations on Terra Classic for USTC would allow more users to participate in governance and facilitate the removal of coins from circulation, and give a direct utility, ultimately supporting any plans for a repeg of USTC with Lunc.
Proposal
The purpose of this discussion is to gauge the community’s interest in moving in this direction, as it can complement existing proposals rather than being an either-or situation. Any feedback welcome{ please be constructive } .
This proposal is even more useless than your tax obsession. You may have done positive things for TC in the beginning, but now it’s time for you to leave the chain. I deeply regret that I supported you and TR. Pepe, Doge and Shib suit you and your friends much better.
So ,this could be done in different ways ,but could be done independent from Lunc itself ,but my original idea was to connect them in a away that will make the user want to have both ustc and lunc staked.
Hi where would the rewards for USTC come from? If from the oracle pool USTC then wouldn’t this be taking from our current LUNC rewards rate which is paid in LUNC + USTC? Then you would have to own USTC to get USTC rewards. Otherwise what source will the USTC rewards for staking USTC come from? How does that integrate into governance since everything is based on staking LUNC? Needs to be more fleshed out atm.