Terra Luna Classic (LUNCUSD)

[MoneyRobot]

The ustn proposal on the repeg of USTC. The idea is good but the proposal lacked the clear direction on what to use as the peg. Ustc holders wants atleast 500b newly minted lunc to peg it for most with some other collateral.

Lunc holders are against the mint because we need to build lunc reputation first to bring in the value of lunc to support a possible peg. For now, if the use lunc as is, things can go wrong and destroy lunc forever. The 500b can easily be more.

Overall, the ustn peg is a good idea after we accomplish a few good projects for lunc. As is, its a no go imo for lunc because ustc holders will see a pop in pps at the expense of lunc.

The repeg is premature. Maybe at a later date. Some argue this proposal was made up to help ustc holders recoup their losses at the expense of lunc.

I agree with that.