Terra Research Forum

USTC almost naturally pegged at 0.01 USD

Governance & Proposals

kayserirum July 2, 2022, 11:36am 21

please check out this proposal

Peg the USTC to 1 USD within 700 days. Guaranteed succes. LUNC will be saved from death spiral as well Governance & Proposals

Summary Pegging the USTC back to the USD. Motivation In this proposal you can read a safe way to peg the ustc to 1 usd without pressure on the lunc. Proposal -Make the burning mechanism to peg the USTC-USD by 0.01 to start, with a daily increase of 0.0015cent -A maximum burn rate of the 0.1% market cap of lunc. per day. -In case the maximum burn rate gets reached in the day, the higher peg will be extended by +1 day. I wrote but deleted explanations for the above proposal as I think the …

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