This proposal has been created because Burn The Remaining UST in the Community Pool + Cross-Chain Liquidity Incentive UST failed to execute.
The original proposal requested to burn
1017233195000000 uusd, since it was the current amount available in the community pool when the proposal was created. Sadly, another proposal (UST Goes Interchain: Polygon Edition) passed, removing
10500000000000 uusd from the community pool.
This proposal uses the actual amount of UST available on the community pool.
The original proposal status can be found on the blockchain.
Same for the current amount of the community pool for the new proposal.
Since the proposal passed, why cannot we move the fund manually?
No one has direct access to the community pool. Fund has to be moved by a proposal.
Why the proposal is 7 days long?
This is the needed number of days for any “Community Pool Spending” proposal.
What will happen if the amount in the community pool change again?
Then this proposal will fail to execute again, but I don’t see any other “Community Pool Spending” proposals currently active that are likely to pass.