Had this same issue in Malaysia. Was planning to relocate my business there but they wanted us to deposit $250k USD in a bank account for the first year of business. At least buy me dinner first.
UST was not able to be staked in a Proof-of-Stake system. UST was lent (to borrowers) via lending protocols, and in return the lenders earned interest. This interest was subsidized by Luna to encourage usage of the UST…
Had this same issue in Malaysia. Was planning to relocate my business there but they wanted us to deposit $250k USD in a bank account for the first year of business. At least buy me dinner first.
UST was not able to be staked in a Proof-of-Stake system. UST was lent (to borrowers) via lending protocols, and in return the lenders earned interest. This interest was subsidized by Luna to encourage usage of the UST…