Hallo all, I think I need some clarifications,
Previously The PEG of UST was obtained mainly Minting and burning Luna.
At the moment UST is below 0,01 so we should see a lot of new luna token minted every day in order to burn UST.
But for what I’ve understood this is not the case so I’ve to conclude that the UST-LUNA mechanism has been Halted.
So the questions are :
Will this Mechanism ever restart ?
if not how will UST slowly regain its PEG ?
Is there any other mechanism thar will be put in place to make it regain the peg ?
I tought that the chain would have been halted forever after the attack but the software is still running and Binance is still listing UST so is there a future for the TERRA CLASSIC chain ?