Terra an algorithmic stablecoin project will burn 45 billion worth of terra LUNA its native token from its community pool The decision was taken using the onchain governance system and according to proposals 133 and 134 the LUNA will be burned and swapped for the native stablecoin of the chain UST This burn is expected to raise the price of LUNA at least in the long term

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Terra an algorithmic stablecoin project will burn 45 billion worth of terra LUNA its native token from its community pool The decision was taken using the onchain governance system and according to proposals 133 and 134 the LUNA will be burned and swapped for the native stablecoin of the chain UST This burn is expected to raise the price of LUNA at least in the long term