All, Jump Trading has introduced a new proposal for the Terra community to review: This proposal, should it pass, would vastly l

21 Jan 2021, 13:27

All, Jump Trading has introduced a new proposal for the Terra community to review: This proposal, should it pass, would vastly lower the costs of minting and redeeming Terra stablecoins against Luna. - pool_recovery_period: 8hr --> 20 mins - base_pool: 625,000 SDT --> 7M SDT This would allow the swap spread to be contained ~1% of the oracle price for a $200k swap, and within ~5% of the oracle price for a $600k swap. The spread previously took 8 hours to return to the base spread of 50bp, now it will take 20 minutes to return to normal. This proposal will have important implications for the capital efficiency of Terra's stability mechanism and therefore the usefulness of its stablecoins. Please engage with it widely to make sure it's sufficiently discussed and debated before it's submitted for an onchain governance vote.

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OntologyONT #275

21 Jan 2021, 13:30

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Access a one-stop-shop for all your trading on both #CEX's and #DEX's with Open Ocean directly from your @ONTOWallet under "DISC