Summary
USE CRYPTOCURRENCY PURCHASED BY FUNDAÇÃO LUNA TO KEEP THE PEG, IN THE REPURCHASE OF LUNA FROM THE MARKET AND CARRY OUT THE BURN. LOCKING THE LUNAxUST DEPEG MECHANISM TO CONTAIN HYPER INFLATION.
Motivation
Since the proposal to increase the BasePool cap was approved, we have seen a movement of hyperinflation that has rendered Luna obsolete. It is necessary to buy back the entire surplus of the tokens to burn them. This move alone will bring new features to Luna. We can survive on a few Billions of total supply, but not on 6 Trillion.
Proposal
Use all available resources in the LFG treasury to repurchase at Luna market and burn them. This movement must be continuous and must last until the original supply is restored. In the meantime, we stop minting UST until all the mechanics of the project are redone. This is not a proposal for a definitive solution but a sign that the situation will get back on track.