How does it work? Terra form labs can just print

Question

Terra Classic - $LUNC

Mikael

How does it work? Terra form labs can just print

as many Luna as they want and then burn them and Mint UST and deploy into anchor?

#blockchain #cryptocurrency #english #luna

0

14.03.2022

3 ответов

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Mikael Автор вопроса

sub zero
no, you can't just print luna out of nothing, chec...

Thanks. Yeah was just surprised before when the anchor was refilled and a bunch of Luna were created somehow

0

14.03.2022

sub zero

Mikael
Thanks. Yeah was just surprised before when the an...

it was not created, it was taken from tfl's holdings. supply data is usually taken from smart stake, which doesn't count tfl's holdings as circulating supply (and they explicitly state this on their website). after ~12 million luna was given to lfg by tfl - it's counted as part of circulating supply now.

0

14.03.2022

sub zero · Accepted Answer

sub zero

no, you can't just print luna out of nothing, check how it works here https://www.youtube.com/watch?v=KqpGMoYZMhY and here https://docs.terra.money/docs/learn/protocol.html

0

14.03.2022

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How does it work? Terra form labs can just print

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