Vegas, one of the important names of the Terra Classic chain; Announced the staking plan for #USTC .
➖ There are 421 million $USTC in the Oracle Pool that can be used for this initiative. Vegas made his suggestion; recommends giving these funds as staking rewards.
The USTCs in this pool will be sufficient for users who stake for 4 years.
➖ Purpose; Removing 1 billion USTC from circulation.
⚠️ As you know; USTCs in the Oracle pool are given as rewards to those who stake #LUNC . In such an initiative, redirecting rewards to USTC stakers may reduce the income of stakers at $LUNC .
A solution has been offered for this. A special fund of 200 million USTC is allocated for USTC stakers, with the aim of not affecting the earnings of those who stake in LUNC.
In addition; It has been reported that the 1.8 billion USTC in the Luna Foundation's wallet can also be used.
➖ In this way; The aim of USTC is to ensure price stability and to provide the infrastructure for the $1 re-peg.
Note that this is a suggestion. Vegas made this suggestion. Pros and cons will be discussed.