Terra Classic Dey Propose Market Module 2.0 to Restart USTC-LUNC Swap Mechanism
Di Terra Classic community don drop one draft proposal for Market Module 2.0 wey dem want use restart di swap spiral system wey dey between USTC (TerraClassicUSD) and LUNC (Terra Classic). Di plan na to bring back di automatic on-chain swap system wey stop wen original Terra ecosystem waka comot, wey cause USTC dem to lose peg and LUNC value fall big time. If dem fit activate di swap mechanism again, e fit make liquidity better for di two tokens, support wider network use, and fit help stabilise di price dem. If dem accept am, e fit bring new trading interest and speculation, especially for those wey dey watch make dem fit do arbitrage between USTC and LUNC. Crypto traders suppose dey sharp for any price waka and dey watch how community governance tori dey go as di proposal dey move.
Bullish
Di proposal to bring back the USTC-LUNC swap spiral mechanism na show say dem wan make di Terra Classic ekosystem useful again and make people trust am. For past, dis kain technical upgrade plus when government dem talk change, e dey cause more speculation and price go up sharply short-term for di tokens wey dem involve. If dem do am, e fit make liquid strong and give di network new purpose, e fit make traders plenty come back and new ones join. But for long term stability, e depend on if people go for am steady and if di whole ecosystem fit recover well. If you compare, when DeFi platforms announce big protocol upgrade before, e dey make price go up especially as dem dey approach to implement am.