# USTC Test Environment **URL:** \ **Category:** Governance & Proposals\ **Created:** [May 23, 2023, 3:31am UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031 "2023-05-23T03:31:57Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![Defioctopus](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/defioctopus/32/21952_2.png) [@Defioctopus](https://classic-agora.terra.money/u/Defioctopus)\ **Post date:** [May 23, 2023, 8:16am UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/21 "2023-05-23T08:16:48Z")
I think this is a well thought out idea, I would vote ‘Yes’. ---
**Author:** ![Korek\_Aksosek](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/korek_aksosek/32/21011_2.png) [@Korek\_Aksosek](https://classic-agora.terra.money/u/Korek_Aksosek)\ **Post date:** [May 23, 2023, 10:27am UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/22 "2023-05-23T10:27:45Z")
This proposal has to do with Redline. Definitely YES. ---
**Author:** ![besimbicer](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/besimbicer/32/13941_2.png) [@besimbicer](https://classic-agora.terra.money/u/besimbicer)\ **Post date:** [May 23, 2023, 11:16am UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/23 "2023-05-23T11:16:12Z")
This post was flagged by the community and is temporarily hidden. ---
**Author:** ![besimbicer](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/besimbicer/32/13941_2.png) [@besimbicer](https://classic-agora.terra.money/u/besimbicer)\ **Post date:** [May 23, 2023, 12:50pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/26 "2023-05-23T12:50:33Z")
Yea true i used choice stablecoin for ustc my big smart And lost my money This old you want read my think ustc : [Burn ustc in Oracle Rewards Pool - #6 by NN78](https://classic-agora.terra.money/t/burn-ustc-in-oracle-rewards-pool/48091/6) ---
**Author:** ![Korek\_Aksosek](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/korek_aksosek/32/21011_2.png) [@Korek\_Aksosek](https://classic-agora.terra.money/u/Korek_Aksosek)\ **Post date:** [May 23, 2023, 1:09pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/27 "2023-05-23T13:09:43Z")
I? 🤔 🤔 🤔 ---
**Author:** ![Morja\_Alex](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/morja_alex/32/18706_2.png) [@Morja\_Alex](https://classic-agora.terra.money/u/Morja_Alex)\ **Post date:** [May 23, 2023, 1:29pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/28 "2023-05-23T13:29:42Z")
Big yes let’s do it ✊🏼👏🏼 ---
**Author:** ![Schultz](https://avatars.discourse-cdn.com/v4/letter/s/c0e974/32.png) [@Schultz](https://classic-agora.terra.money/u/Schultz)\ **Post date:** [May 23, 2023, 1:32pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/29 "2023-05-23T13:32:52Z")
we need to keep limited swap pools no minting of lunc should happen ever only minting of ustc if needed ---
**Author:** ![Rickwayne](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/rickwayne/32/21185_2.png) [@Rickwayne](https://classic-agora.terra.money/u/Rickwayne)\ **Post date:** [May 23, 2023, 1:38pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/30 "2023-05-23T13:38:23Z")
Hello 👋 first before moving forward, I believe you have to be a little bit more precise and specific when you write your proposals on Agora as they always leave gray areas. Can you elaborate on the funding and budget needs for the L1 to work on this? I believe from a PR Perspective this details should be tied to any proposal as you are asking for funds and your approach is like asking for a blank check to the community with no details as to what would be the required funding. Thank You ---
**Author:** ![Stoyko\_Stoykov](https://avatars.discourse-cdn.com/v4/letter/s/f1d935/32.png) [@Stoyko\_Stoykov](https://classic-agora.terra.money/u/Stoyko_Stoykov)\ **Post date:** [May 23, 2023, 1:41pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/31 "2023-05-23T13:41:51Z")
Strong YES from me! ---
**Author:** ![Tynos](https://avatars.discourse-cdn.com/v4/letter/t/ea5d25/32.png) [@Tynos](https://classic-agora.terra.money/u/Tynos)\ **Post date:** [May 23, 2023, 1:56pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/32 "2023-05-23T13:56:42Z")
Well …it also crashed 99.99% because USTC 🙂 ---
**Author:** ![Evgen](https://avatars.discourse-cdn.com/v4/letter/e/85f322/32.png) [@Evgen](https://classic-agora.terra.money/u/Evgen)\ **Post date:** [May 23, 2023, 2:05pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/33 "2023-05-23T14:05:16Z")
> [@SwordDemon](#): > > Ustc peg?Yes yes yes! Extra taxes != repeg, man. Need real plan. Stop distribution and start buyback. > [@besimbicer](#): > > This old you want read my think ustc : [Burn ustc in Oracle Rewards Pool - #6 by NN78](https://classic-agora.terra.money/t/burn-ustc-in-oracle-rewards-pool/48091/6) If we do this, there would be no sales. This is the first point. ---
**Author:** ![wagnerdalcin](https://avatars.discourse-cdn.com/v4/letter/w/4bbf92/32.png) [@wagnerdalcin](https://classic-agora.terra.money/u/wagnerdalcin)\ **Post date:** [May 23, 2023, 3:35pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/34 "2023-05-23T15:35:00Z")
> [@Rickwayne](#): > > Hello 👋 first before moving forward, I believe you have to be a little bit more precise and specific when you write your proposals on Agora as they always leave gray areas. Can you elaborate on the funding and budget needs for the L1 to work on this? I believe from a PR Perspective this details should be tied to any proposal as you are asking for funds and your approach is like asking for a blank check to the community with no details as to what would be the required funding. He isn’t asking for funding, afaik ---
**Author:** ![Bruno108](https://avatars.discourse-cdn.com/v4/letter/b/b9bd4f/32.png) [@Bruno108](https://classic-agora.terra.money/u/Bruno108)\ **Post date:** [May 23, 2023, 3:57pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/35 "2023-05-23T15:57:48Z")
you got my support and yes for that test environment, and the funding it need. Yet I hope that the mint feature will not be implemented for real again… ---
**Author:** ![Philip\_Fourie](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/philip_fourie/32/3308_2.png) [@Philip\_Fourie](https://classic-agora.terra.money/u/Philip_Fourie)\ **Post date:** [May 23, 2023, 4:03pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/36 "2023-05-23T16:03:00Z")
A yes from me! Put it up for voting please! ---
**Author:** ![RabbiJebediah](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/rabbijebediah/32/19578_2.png) [@RabbiJebediah](https://classic-agora.terra.money/u/RabbiJebediah)\ **Post date:** [May 23, 2023, 4:26pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/37 "2023-05-23T16:26:32Z")
> [@LuncBurnArmy](#): > > During the 2nd quarter, following the completion of the Cosmwasm upgrade to parity, the L1 Task Force proposes utilizing a small portion of the Q2 compute budget to set up a USTC test environment for the L1 team. This should be possible to complete without any impact on currently scheduled activities. We feel that having community authorization to focus on building the infrastructure required to test proposed approaches to a USTC repeg would be of significant benefit to the Luna Classic ecosystem. Sure, sounds reasonable. 👍 > [@LuncBurnArmy](#): > > This proposal seeks the authorization and use of already provisioned compute budget for the purposes of establishing a test environment specifically geared toward testing USTC repeg ideas. As a result, this proposal is a text proposal, and no additional community spend is required currently. It should be noted that only compute budget would be allocated for this item. Alright. 👍 > [@LuncBurnArmy](#): > > If renewed for Q3, a large component of the L1 Task Force’s activities would likely be focused on USTC development. This is problematic. There’s a lot of other LUNC-related L1 work that needs doing, pivoting so hard towards USTC repeg work while LUNC is in the gutter isn’t something that should be done. Especially not at a point where we’re still waiting on CEXs to approve Redline’s plan. And even if that were to happen, you can and should submit a new prop tied to only that, without bundling it with your own salaries and Q3 work. Bad take all around! > [@LuncBurnArmy](#): > > This is based primarily on the feedback obtained from the Community Oversight Committee regarding the top development priorities identified by the community Yeah, nah. The “Community Oversight Committee” was staffed by influencers, none of which are devs. And y’all on the TGF/L1JTF also disbanded the COC a few weeks back, so using them as justification for this pivot is completely unreasonable and laughable. > [@LuncBurnArmy](#): > > as well as the logical next steps to better restore the ecosystem and enhance the process of achieving the stated goals of USTC revitalization and Luna Classic supply reduction. This rests on the assumption that Redline’s prop will get CEX approval. So far it hasn’t. You can’t lay out L1 Q3 plans on the _assumption_ that a single USTC repeg plan will get through multiple CEXs (and Binance, because if Binance doesn’t agree to help then the plan is deadd in the water). > [@LuncBurnArmy](#): > > Future uses (following the completion of Q2 deliverables and onwards) for the USTC test environment could include, but are not limited to: Why do you always do this, @LuncBurnArmy? Why do you look for creative ways to grift the Community Pool, instead of focusing on the mountain of work you’ve still left to deliver from Q1 and Q2? You’d probably need all of Q3 just to catch up on previous deliverables, given how far behind schedule the L1JTF is. > [@LuncBurnArmy](#): > > **Recreating a simulation of the depeg event:** > > - Identifying possible capital controls that could have prevented the “death spiral” following the USTC depeg (e.g., capping maximum supply). > - Leaving the mint/burn mechanism in place and placing a cap on maximum supply. > - Conducting a series of transactions to confirm the behavior of Luna Classic and USTC mint/burn behavior. Collecting, documenting, and analyzing data. With all due respect, this is bullshit, and you know it. When LUNC crashed a year ago, there were multiple depeg simulations modeled by the LUNA community (this was before Kwon’s fork). You’re basically asking to be paid in Q3 for work that was already done by people 12 months ago. 🤦‍♂️ Also, you CANNOT re-enable the mint/burn (via the Market Module) without first fixing the algo itself. You’d have known this is you’d spent even 10 minutes reading through the Terra documentation and thinking about how the whole thing works. Putting caps on it is a terrible idea which was started by Tobias. We either fix the algo, or the MM should stay inactive until that’s done. > [@LuncBurnArmy](#): > > **Creating a simulated repeg event:** > > - With the market module re-enabled, creating “perfect world” conditions to simulate a repeg to $1 USD (e.g., 1 year to achieve $1 repeg). Determining the required transaction volume and ideal mechanism. > - Building upon proposals already suggested, conducting a gradual incremental repeg to $1 USD: > - Using a tax divergence strategy (developing a proof of concept for Redline Drifter’s proposal that passed governance). > - Using a volume-based strategy with a deflationary fee applied (simulating on-chain volume for USTC). A competent software engineer can do all this on their own in less than a month. The LUNC community doesn’t need to pay the salaries of yourself and the entire L1JTF for all of Q3 just so you guys can run data modeling and simulations (which by the way can’t account for real-world events because none of you have the chops or hardware to pull this off). This is basically smoke and mirrors designed to get your contract extended to Q3. And again, it all hinges on Redline’s prop being accepted by Binance - what if it’s not? Are you just going to sneakily remove the items from the lists above pertaining to that? I’d think so, since you seem to do that frequently - _ **overpromise and underdeliver** _ has become the L1JTF’s motto. > [@LuncBurnArmy](#): > > **Testing proposed strategies for maintaining USTC peg:** > > - Stress-testing new ideas suggested for maintaining a USTC peg to obtain efficacy data. > - Investigating possible USTC incentives: > - Reviewing how the Oracle module is currently funded and ensuring future staking sustainability while simultaneously investigating USTC staking options. More smoke and mirrors. I’ve personally spent _months_ looking into possible USTC repeg scenarios (and I did it for free, without trying to grift the LUNC community like you are), and they all boil down to solving the swap algo. So far no one’s managed to do that. And until that’s accomplished, there’s no need for “investigating USTC incentives” (lol, lmao), since the incentive is baked into TERRA-LUNA arbitrage and stablecoin/swap mechanics themselves. Do more research, Steve - you’re months behind the curve on this. > [@LuncBurnArmy](#): > > A new on-demand test environment for use by the L1 team, analysts, and other developers within the community is created for USTC. You can work on this and deliver it in Q2, after you’ve finished parity. I know you’re never gonna complete the remainder of your Q1+Q2 roadmaps, so you may as well finish Q2 doing something useful tied to USTC. But there’s no justifiable reason to use all of this as an excuse to print yourselves a Q3 salary. > [@LuncBurnArmy](#): > > **Consequence of a YES vote** > > If we vote YES on this proposal, the L1 Task Force will be authorized to utilize existing compute budget funding toward creating a USTC test environment. > > **Consequence of a NO vote** > > If we vote NO on this proposal, the L1 Task Force will not proceed with the creation of a USTC-specific test environment. Like I wrote above, spin up the USTC testnet and deliver it by the end of Q2 (assuming you don’t mess up parity by June 14th). But apart from that, please stop using Redline and his prop to cash your Q3 cheques. Shalom! 🙏 ---
**Author:** ![nabiya](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/nabiya/32/18828_2.png) [@nabiya](https://classic-agora.terra.money/u/nabiya)\ **Post date:** [May 23, 2023, 5:08pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/38 "2023-05-23T17:08:45Z")
No with veto. ---
**Author:** ![PastelRanger456](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/pastelranger456/32/20766_2.png) [@PastelRanger456](https://classic-agora.terra.money/u/PastelRanger456)\ **Post date:** [May 23, 2023, 5:31pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/39 "2023-05-23T17:31:06Z")
This is a YES vote. Period. Anyone who says otherwise is just trying to smoke it out. ---
**Author:** ![leonardocolucci](https://avatars.discourse-cdn.com/v4/letter/l/b5a626/32.png) [@leonardocolucci](https://classic-agora.terra.money/u/leonardocolucci)\ **Post date:** [May 23, 2023, 5:35pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/40 "2023-05-23T17:35:00Z")
100% YES we need a test environment, sooner the better ---
**Author:** ![luckbox](https://avatars.discourse-cdn.com/v4/letter/l/b5e925/32.png) [@luckbox](https://classic-agora.terra.money/u/luckbox)\ **Post date:** [May 23, 2023, 5:39pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/41 "2023-05-23T17:39:15Z")
Absolutely, YES! ---
**Author:** ![alego](https://sea2.discourse-cdn.com/terra/user_avatar/classic-agora.terra.money/alego/32/20960_2.png) [@alego](https://classic-agora.terra.money/u/alego)\ **Post date:** [May 23, 2023, 7:53pm UTC](https://classic-agora.terra.money/t/ustc-test-environment/52031/42 "2023-05-23T19:53:33Z")
Yes, 100%. [Previous page](https://classic-agora.terra.money/t/ustc-test-environment/52031.md?page=1) [Next page](https://classic-agora.terra.money/t/ustc-test-environment/52031.md?page=3)