102. [Elite] Burn, Baby, Burn (Elite Edition)

    Using at least two metrics of your choice (transaction speed, volume, price action, wealth concentration…possibilities abound), assess the market impact of the LUNA burn. As well, make a data-driven forecast around how the resulting UST supply is likely to affect the Terra ecosystem (and the wider crypto space).

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    Introduction

    https://station.terra.money/proposal/134
    This Proposal was passed to burn about 90m Luna over the next 2 weeks.

    Swap fees have reach moon levels and this will be distributed to all the Luna Stakers (Over the next 2 years).

    Predictions

    The ROI of staking Luna will go up due to the amount of swap fees generated by the proposal above. This will in turn cause more people to stake Luna as it now pays out a decent amount of returns (about 12%). When more Luna become staked, Luna becomes more valuable and thus the cycle of Luna's price going up will repeat.