A burn in Terra's chain will make the swing traders,

Question

A burn in Terra's chain will make the swing traders,

Arbitrageurs, Whales leave the network. Even if they put 3% - 5% burn tax fee on every transaction, A person trading min $1000 will lose $30 in every transaction. Who in the right mind will do that? No institutions or whales like to burn money that way. No arbitrageurs can profit from the tax fee. This will only make them leave the network and Luna's vol will go down. Once the vol go down, it will take years and years to burn a substantial part of the supply which the community wants.

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24.05.2022