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

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