Simplest Terra Project rescue plan

[Diego24]

Bitcoin Reserve Pool

Bitcoin Reserve Pool Executive Summary Community proposal regarding how LFG may deploy its Bitcoin reserve to defend the UST peg Proposing a pool that facilitates rapid BTC liquidity to support UST during downwards peg deviations, and relies on traders to replenish the reserves outside of crises. The pool’s mechanics resembles the LUNA <> UST on-chain mechanism, but with two key differences: First, the pool holds a different asset (wrapped BTC), and so likely needs to use a distinct archite…