Terra has made a new proposal to rescue his UST stablecoin and Luna token. This proposal will be added to the rescue plan that Terra CEO Do Kwon announced yesterday.
What is Terra’s rescue plan?
The proposal, dubbed “Agora”, focuses on adjustments to the mint and burn parameters of Terra’s UST stablecoin.
The proposal is currently being voted on. In total, more than 452.31 million votes were cast, of which 62.86% of the votes are in favor of the amendment. Only 0.54% of the votes are against the amendment and about 36.6% abstained.