Terra Founder Do Kwon Supports Community’s UST Proposal, LUNA Slides

“The price stabilization mechanism is absorbing UST supply (over 10% of total supply),” Kwon wrote in a tweet during European trading hours, explaining how UST works. “But the cost of absorbing so many stablecoins at the same time has stretched out the on-chain swap spread to 40%, and LUNA price has diminished dramatically absorbing the arbs.”

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