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Terra to burn 1B UST from the community pool as holders vote for it -Breaking


Terra will burn 1B UST in the community pool if holders vote

To support the revival (LUNA), the community voted to burn a large amount of UST from its community pool.

Do Kwon was Terra’s founder earlier in May. ExplainedAbsorbing stablecoin supplies could be a solution to Terra’s problems. In response to this, users proposed the burning of the 1 billion TerraUSD (UST) that was stored in Terra’s community pool and the remaining cross-chain UST that’s deployed on the blockchain as incentives.