Also, everyone here needs to stop debating the value of this. I do agree with this sentiment:
This is both a blessing and a curse. If too decentralized from day one there is utter stagnation.
But this prop is over. It passed. If you don’t like it, stop using Terra or buy more ANC/LUNA to influence votes or bang the drum louder ahead of time.
We need to move on and look at how we support a more sustainable deposit & borrowing structure to slowly ween people off the unsustainable “free crack” rate. Terra is by far the best positioned to succeed on decentralized money. It’s worth fighting for. Let’s focus on other proposals now:
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[Proposal] Terralytics - Increase Borrow Demand via ANC Value Capture from Deposit Growth
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the aUST vs. xaUST token structure
It’s not too late to get this to a state that is sustainable and drives authentic demand. 