Dear users,
The algorithmic stablecoin Terra USD (UST) lost its peg to the dollar over the last few days. Its unique price stabilization mechanism leads to a surge in the circulation of LUNA along with a sharp drop in prices.
Terra Research has made a proposal to increase the BasePool from $50 million to $100 million in SDR (Special Drawing Rights) and reduce the Pool Recovery Block from 36 to 18 blocks. This will increase UST minting capacity from $293 million to $1.2 billion.
If the proposal gets approved, the circulating supply of LUNA will witness a surge by then, thereby leading to a significant decline in prices.
Reminder: The market has been fluctuating greatly. Please pay attention to the trading risks and make your trades cautiously.
1164 | Parameter change proposal: https://station.terra.money/proposal/1164
Risk Warning
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC will make the best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading with no malicious intent. We are committed to providing users with safer, more efficient, and more reliable digital assets trading.
