ustc even lunc has no future if you don’t change the algorithm to restore the ustc peg. if ustc does not recover the peg these tokens have no purpose to exist as no one will invest in a stablecoin that is not stable and if no one invests in it the ecosystem is destined to worsen. therefore ideas are required to restore the peg, if we want the ecosystem we have to intervene on the algorithm. otherwise we will lose here too few investors who have invested in the ecosystem in the hope that development will find a solution
I think you already understand what’s going on: LUNC/USTC have no purpose to exist. Follow LUNA, or other coins… but the Terra ‘classic’ coins have been placed in hospice.
not so, if it does not change it has no purpose, investors are betting on a possible change that for now is not seen on the development side. luna without ust and as another token among 5k tokens in the crypto industry with no purpose!
Take this information with a grain of salt - There is talks on twitter that DK is already working on the new "StableCoin for Luna 2.0
That is not true, USDN (Neutrino) that is collateralized with WAVES and other bonds token like NSBT, suffer a similar attack and it can be solved. New team should investigate how WAVES solved it. A important step to it is increase pool on Curve finances like 3pool and incentivize investing.
Related to avoid a attack to lending platforms is necessary to limit borrow quantity and avoid massive withdrawals of the contract.
Sounds like joke, UST 2.0
dk, he has lost all credibility, no one would give him more credit, the only way is for the luna1 community to change the algorithm. there is already a well running car you just have to start the engine and it would start running again
I don´t know why you tell us that it seems a joke, if its backed up, why not another stablecoin?