The arb opportunity is the difference between ust and USD. You can buy LUNA with USD on kucoin, and move to terra station to swap for ust. Then move ust to kucoin and rinse and repeat. Lots of things that could go wrong in that transaction.
Why is Luna so valuable?
The more valuable LUNA becomes because the total Max supply drops. Current proposal was approved to double the burn rate to meet demand of UST needed to be minted. Something I do not understand is how can Luna both have a target supply of 1Billion while at the same time be burned?
Why did Terra burn its Luna token?
The move was passed by a vote in the Terra community. The LUNA token set a new record high price in the following days. The purpose of the burn was partly to remove value from Terra’s community pool, where founder Do Kwon argued it was not needed. In a sense, the burn transferred value from the pool to individual holders of the token.
Will Luna classic (Lunc) hit $0.01 despite burning?
Luna Classic (LUNC) Will Never Hit $0.01 Despite Burning! Here's Why - Coinpedia Fintech News Luna Classic (LUNC) Will Never Hit $0.01 Despite Burning! Here’s Why FatMan recently took to Twitter to express his contempt for those attempting to dupe investors into purchasing LUNC by circulating false rumors about the token.
