Terra White Paper page 6

[fedematto]

Terra White Paper, page 6:
“The system burns a portion of the Luna it has earned during expansions until Luna supply has reached its 1 billion equilibrium issuance.”

How is it that this stability mechanism didn’t work?

Has the algorithm code been changed?

How did it happen that the total supply has exceeded 1 billion Luna?

[USTRestore]

It’s changed by Terra Station, It pass the threshold, sadly

[Proposal] Help UST Pegging. Increase estimated minting capacity to $1200M

Summary UST has lost peg to $1 for multiple days starting from May 8th, 2022. UST peg has not recovered from more than a couple days now. There are a large amount of UST withdrawal, but burning of UST is slow. Proposal is to: Increase BasePool from 50M to 100M SDR Decrease PoolRecoveryBlock from 36 to 18 Blocks This will increase minting capacity from $293M to ~$1200M Motivation Starting from May 9th to May 10th 2022, about $8B UST were withdrawn from Anchor Protocol ($14B.- $6B = $8B…