lol! Buuuttt, If UST repegs that supply would burn to zero so fast. UST might repeg if we let Lunc supply climb and climb. It IS a self-balancing system... eventually. If we don't all die of old age first.
UST will never repegged to USD. No one will hang reserves for that , also considering CBDC & new stablecoin regulations come in force.
You misunderstand the protocol then. Terra is being burned as Luna is being minted. Eventually this pushes up UST price.
You misunderstand how staking reward works. LUNC “will “ burned. But staking is not unlimited… and cannot all come by transactions. At some point minting need to be reenabled, or staking reward lowered until zero reward is reached .
this burning/minting has been disabled since may
hm? staking rewards are from fees only
It reached 250,000% apy Maybe just for old stakers… like me. But try to explain staking with reward near to zero to people asking to have burn+no mint+high staking rewards :-)
yeah, that was when it was still minting
Oof I guess it's all doomed.
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