“Currently, the burning of UST is too slow to keep pace with the demand for excess UST to exit the system, which is hindered by the BasePool size,” reads the proposal. “Eliminating a significant chunk of the excess UST supply at once will alleviate much of the peg pressure on UST.”
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Second article in a series about risks we’re thinking about during these crypto down days. Source link
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Bitcoin (BTC) $ 21,354.00
Ethereum (ETH) $ 1,228.51
Tether (USDT) $ 0.999991
USD Coin (USDC) $ 1.00
BNB (BNB) $ 239.66
XRP (XRP) $ 0.367165
Binance USD (BUSD) $ 1.00
Cardano (ADA) $ 0.510445
Solana (SOL) $ 40.67
Dogecoin (DOGE) $ 0.074290
