So TFL is burning 88 millions of $Luna to $UST to fund different initiatives, most notably Ozone.
Well, you think that is running smoothly?
I thought so too π§΅
And it actually did. Like a swiss clock, every 800th block the community address (terra10kjnhhsgm4jfakr85673and3aw2y4a03598e0m) has been burning 520,000 $Luna for $UST.
Until this happened:
On November 16th, the address
terra1z8wl9y9lztd047cyhwdfwgsz853ywamg34pys8 has started tipping 0.01 $UST the community address.
15 times
You wonder why?
The answer is simple: he asks for a way to make 1 million.
I quote from the memo:
"I want a million dollars. :( how do i make a million dollars fast? write to meβ¦"
Problem: locking $UST in Pylon pools is a big commitment given the relatively long timeframes. We are talking about - what it feels like - ages in the crypto space.
Right now users have no way to sell or trade their position in the pool, in case they need to. Once you are in, you are in. You just gotta wait until your lock up period is over.
Solution: allow these positions to be tradable. As what happens with LPs, users would obtain a token as a receipt for their deposit into the pool. This receipt can either be used to claim the pool's tokens or sold on the market. And we are free again to get our money back!