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Author Topic: MEXC Risk Warning of De-pegging of UST and Surge in LUNA's Circulating Supply  (Read 15 times)
venus1100 (OP)
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May 12, 2022, 08:53:13 AM
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Over the last several days, the algorithmic stablecoin Terra USD (UST) has lost its peg to the dollar. Its one-of-a-kind price stability system causes a rise in LUNA circulation as well as a sudden drop in prices.

Terra Research has proposed that the BasePool be increased from $50 million to $100 million in SDR and the Pool Recovery Block be reduced from 36 to 18 blocks. The capacity of the UST mint will rise from $293 million to $1.2 billion.

If the plan is granted, the circulating quantity of LUNA will increase, resulting in a considerable price drop.

Luna/USDT Price:https://www.mexc.com/exchange/LUNA_USDT

1164 | Parameter change proposal: https://station.terra.money/proposal/1164

 

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