Dear TerraLuna community, developers, @TerraBuildersU @mc_ust @fleece_cannon @Cephii1 @sjpark_TFL @mysticaltech
algorithmic stablecoins are the sole and unique solution to free ourselves from central authorities and become truly and fully decentralized.
Terra UST and LUNA have been a wonderful experiment in financial engineering, the first one noteworthy in the crypto-space. It has reached, in a very few time, a prominent position in the market, offering people the opportunity to exchange value, to use sophisticated de-fi solutions at low costs, and a market of synthetic commodities.
We CAN NOT accept that all this is gone forever.
We CAN NOT accept that the enemies, who triggered the chain of events that forced UST to lose the peg after a bank run, can win the war.
We lose the first battle, but we have to win the war, i.e. to become THE truly decentralized financial system, a point of reference for millions of people.
It is a moral commitment for us to give confidence to our supporters and stakers, working hard to look for the root causes of the problem, and SOLVE it.
There are a lot of brilliant minds among developers; always exists a solution.
We CAN NOT accept UST and LUNA are passed away.
I have tried to suggest some rough ideas in the Stability section
and in the Governance & Proposal section
Maybe they are naive, or even completely wrong, but we have to give our contribution to solving the technical problem, fixing it, and restoring confidence in the Terra-Luna ecosystem.
@dokwon take a breath, drink a beer, and start again; you are not alone.