“And then on the other side of the trade, If you’re looking to redeem one TerraUSD, you can trade it into the blockchain, and get a dollar’s worth of $LUNA in return.
And within a relatively recent feature, looking at its current growth trajectory, I think it’s going to be number three relatively soon.
“We recently made announcements whereby we’re bootstrapping a large decentralized forex reserve in the form of Bitcoin.
But what the Bitcoin reserves will play a part in doing is that it would prevent death spirals because it would drastically slow down the pace by which means new $LUNA is being minted to facilitate reductions.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice.