@CryptoSorted 13 May 2022 more from that month

The only way UST will ever become an algorithmic stablecoin again is for Terra to require overcollateralization for the minting of UST. It could accept BTC, LUNA, ETH, whatever coin or basket of coins it chooses, similar to how DAI is operated. Better still, it could switch to a centralized stablecoin 10/% backed by whatever works currency it chooses, for example, the USD with indepently verified proof of reserve. In addition to either of the above, they will have to scrap that Ponzi scheme called Anchor Protocol that gives out 15% to 20% APR on UST. #cryptocurrency #crypto