Jump Trading's proposal to make Terra stablecoin mints & redemptions more capital efficient is now live: Proposal link on station: https://station.terra.money/proposal/27 Agora discussion: https://agora.terra.money/t/terra-on-chain-liquidity-parameters/305 Currently, stablecoin mints & redemptions are highly inefficient to reflect the previous illiquidity of UST and Luna on secondary markets - only $20k swaps would be possible within ~1% of the oracle price. The proposed parameter changes are: - pool_recovery_period: 8hr --> 20 mins - base_pool: 625,000 SDT --> 7M SDT This would allow the swap spread to be contained ~1% of the oracle price for a $200k swap, and within ~5% of the oracle price for a $600k swap. The spread previously took 8 hours to return to the base spread of 50bp, now it will take 20 minutes to return to normal. In rough terms, this would make the on-chain swap mechanism 10x more efficient than current levels. We believe this change would significantly improve the utility of Terra stablecoins spearheaded by TerraUSD as a building block in many applications spanning Mirror Protocol, Chai, and others. Please go vote on Terra Station!