Following the death vortex of UST and Luna affecting the entire Terra ecosystem, Do Kwon finally tweeted a plan he hoped would ultimately undo UST and bring a lot of relief to the Terra ecosystem.
Whatever can be said about Kwon Do-kwon, the co-founder of Terraform Labs and the genius vocalist behind Terra, he is most definitely a fighter. He had already posted a few posts on Twitter while plans were being developed.
A while ago, Dokwon posted another post, but this time he had something to say in detail. First he exclaimed:
Next, he posted a link to Twitter user Pedro Ojeda. summary How to Nail Terra stabilization mechanism factory.
The meat in question that Dokwon is talking about isAbsorption of the UST supply and this absorption must be completed before the repeg can begin.
Then he suggests actions to make the UST be absorbed more quickly.
Kwon Do closes the thread by explaining that such measures should reduce ‘debt loss’ until the point where ‘parity is reached’ and ‘the spread begins to heal’.
Whether the metropolitan plan succeeds or not, it will have a huge impact on the future of the entire TerraLuna ecosystem. The entire crypto market requires decentralization, which is very important in traditional financial systems.
The Terra Luna algorithmic stablecoin system will also have a significant impact on the rest of the cryptocurrencies given the amount of linked value. Much of this is arguably already lost, but there is hope that all of them can be rebuilt if they can be brought back from the dead. Here is hope…