Terra’s UST losing its peg has created huge turbulence within the crypto space which destabilized many of the assets. However, a minor recovery with the LUNA or UST price was mistaken as a trend reversal. And many investors again jumped into the burning well. And hence both of the assets were suspended from trading on many popular exchanges.
Now when the blockchain has also been halted, while new measures have been thought of, should it be a ray of hope for the investors?
As earlier covered by Coinpedia , Terraform Labs is in talks with a Swiss Asset manager GAM to uplift the UST’s position, a new update stated that the UST may be completely collateralized in the future.
The community is deciding on a new @terra_money , between restoring a snapshot prior to attack, removing TFL, fully collateralizing UST and drafting & deliberating new mechanisms for $LUNA . We must salvage the remaining value in the ecosystem & community and rebuild the right way — will License.