Terra’s Rescue Plan: $1.4B UST Set To Burn, While 240 million LUNA Being Staked

The post Terra’s Rescue Plan: $1.4B UST Set To Burn, While 240 million LUNA Being Staked appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideDo Kwon’s first rescue plan included enlarging the base pool, burning UST, and staking LUNA, according to the Terra’s Twitter account. Terra feels that the downward pressure on UST’s peg is diluting Luna, delaying both recovery and producing an excess of UST and that the only way to address this is to burn UST and …