My proposal for a sensible way to move forward for the @terra_money community and #LUNATICs.

$LUNA $UST $ANC #terra

🧵 1/ I think we can quite confidently say at this point that the $UST Peg isn't going to be restored to $1. We entered the tail end of the death spiral in which $LUNA is being minted at an increasingly exponential pace and approaching zero and being delisted from CEXs.

I write this with a heavy heart my fellow #LUNATics, I am badly hurt like many others.

I removed some tweets made over the last few days as they are no longer relevant and don't want anyone reading them today to get the wrong idea. Circumstances have changed.

$LUNA $UST

🧵 1/ For anyone thinking $LUNA is a good buy right now because it's cheap. Reconsider because it's being minted at an exponentially growing pace. For all intents and purposes, it's going through bankruptcy and likely will not bounce back.

How we can prevent future $LUNA flash crashes and $UST de-pegging?

What is clear to me is that the way #anchorprotocol’s subsided earn rates are set up poses a systematic risk for the ecosystem. The good news is that it can be fixed.

🧵 1/ This is not to say that Anchor rates can't be subsided to bootstrap ecosystem growth and adoption. Rather, @anchor_protocol should differentiate between long-term and short-term depositors by introducing different rates for different lockup periods.