Should we delist Terra (LUNA) from Final Autoclaim ?
by
DutchyCorp
·
3 years ago
Hey Final Autoclaimers,
The price of Terra (LUNA) has plummeted to ~$0.02 in the last 24 hours. The crypto has lost over 99% of its price value in the last 7 days, according to CoinMarketCap data.
one of the terra_money tweets:
"1/ The prevailing peg pressure on $UST from its current supply overhang is rendering severe dilution of $LUNA.
The primary obstacle is expelling the bad debt from UST circulation at a clip fast enough for the system to restore the health of on-chain spreads."
The Terra Team tries to explain this dump:
https://twitter.com/terra_money
https://twitter.com/stablekwon
Please do your own research before voting, the LUNA price can decrease again.
Note: If the UST doesn't recover to $1, LUNA will be delisted. No matter the vote result.
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