Terra USD (UST), an algorithmic stablecoin, has lost its peg to the US dollar in recent days. Its unique price stabilization mechanism causes a surge in LUNA circulation as well as a sharp drop in prices.
Terra Research has proposed increasing the BasePool from $50 million to $100 million in SDRs and reducing the Pool Recovery Block from 36 to 18 blocks. This will increase the capacity of the UST mint from $293 million to $1.2 billion.
If the proposal is approved, the circulating supply of LUNA will increase, resulting in a significant drop in prices.
Reminder: The market has been extremely volatile. Please be mindful of the trading risks and proceed with caution.
Risk Alert
Cryptocurrency investment carries a high level of market risk. Please proceed with caution when making investments. MEXC Exchange will make every effort to select high-quality tokens, but will not be held liable for any losses incurred as a result of your investment. MEXC, as a community-oriented digital asset trading platform, adheres to the principle of truthful, transparent, and fair trading with no malicious intent. We are committed to making digital asset trading safer, more efficient, and more reliable for our users.
Terra Research has proposed increasing the BasePool from $50 million to $100 million in SDRs and reducing the Pool Recovery Block from 36 to 18 blocks. This will increase the capacity of the UST mint from $293 million to $1.2 billion.
If the proposal is approved, the circulating supply of LUNA will increase, resulting in a significant drop in prices.
Reminder: The market has been extremely volatile. Please be mindful of the trading risks and proceed with caution.
Risk Alert
Cryptocurrency investment carries a high level of market risk. Please proceed with caution when making investments. MEXC Exchange will make every effort to select high-quality tokens, but will not be held liable for any losses incurred as a result of your investment. MEXC, as a community-oriented digital asset trading platform, adheres to the principle of truthful, transparent, and fair trading with no malicious intent. We are committed to making digital asset trading safer, more efficient, and more reliable for our users.