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Which Part would i need to rip out to remove UST

Open Franzferdinan51 opened this issue 2 years ago • 3 comments

what parts of Core controls UST so i can remove it and mess with it in a test net is it Bank? or Treasury? or am i way off on that im looking for a starting place its an assumption that it goes deeper than the answer im looking for if anyone could help me out i'd appreciate it

Franzferdinan51 avatar May 19 '22 01:05 Franzferdinan51

I dont think the solution is to just rip out UST. Rather it is to reimplement the market Keeper logic @ https://github.com/terra-money/classic-core/blob/1302858e753f7985ff8ed73afcd951e111af5155/x/market/keeper/ and disable the code that was implemented to block the swapping & close the IBC channels @ https://github.com/terra-money/classic-core/blob/main/app/app.go#L591.

As such UST is a good idea, but the peg should be lowered to 10 cents on the dollar and minting should fail if the price of LUNA tokens drop below the new peg (10 cent). Furthermore a burn tax should be implemented as long as the circulating supply of LUNA is above 50B tokens and in doing so maybe we can restore some balance on the chain.

ZaradarBH avatar May 28 '22 00:05 ZaradarBH

thank you

Franzferdinan51 avatar May 28 '22 07:05 Franzferdinan51

Feel free to pitch in if you have some Go coding skills :)

ZaradarBH avatar May 29 '22 23:05 ZaradarBH