Reduce UST Tobin Tax from 0.35% to 0.035%

[gs390]

Thank you!

New thread here:

Reduce UST to LUNA min_spread from 0.5% to 0.1%

Summary The UST to LUNA market swap (Burn/Mint) has a min_spread of 0.5%. This spread is very high and prevents efficient arbitrage that brings UST to peg with other USD stable coins. Proposal is to change UST to LUNA min_spread to 0.1% Motivation UST has lost peg to other USD stablecoins on May 8th, 2022. The UST to LUNA min_spread of 0.5% is a main factor that prevents efficient arbitrage that brings back UST peg to other USD stablecoins. Proposal The UST has lost peg to other USD stab…