Terra believes that the downwards pressure on UST’s peg is diluting Luna, impeding recovery for both while creating an excess of UST, and the way to solve this is through token burning and increasing the available pool of Luna. By thesamreynolds
Terra believes that the downwards pressure on UST’s peg is diluting Luna, impeding recovery for both while creating an excess of UST, and the way to solve this is through burning UST and increasing the available pool of Luna.
, traders can swap LUNA for UST at $1 regardless of the market price because the algorithms in the backend will manage the supply of LUNA creating enough scarcity to justify the $1.on the blockchain. It can be thought of as a deflationary event, because it would increase the value of the remaining blockchain. For token holders, it would be a similar event to a share buyback.
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