Summary
This proposal seeks the formal validation of the functional whitepaper titled “Whitepaper for the USTC Repeg via EUTC While Keeping USTC” (v1.1) as the strategic framework for restoring the stability of USTC through a collateral-based model fully governed by the Terra Classic community.
No funds is being requested. This is a signal and alignment vote.
Motivation
After a month of open community consultation, the EUTC repeg plan is now ready to move forward. The whitepaper provides a complete architecture, parameters, and phased implementation strategy to:
- Repeg USTC to a 1€ value via EUTC
- Ensure 150% collateralization through a native L1 module
- Deploy complementary Layer 1 systems (yield, liquidity, divergence, oracle)
- Replace the burn mechanism with taxbacked sustainability
- Govern the system fully onchain, through community votes
This vote is intended to confirm whether the community supports the whitepaper as a base to build upon in upcoming governance proposals and technical deployments.
Key Document
📄 EUTC Repeg Whitepaper (PDF v1.1)
Vote Options
- ✅ YES – I support the EUTC Repeg Whitepaper as the strategic foundation for repegging USTC
- ❌ NO – I do not support the whitepaper in its current form
- ⚪ ABSTAIN – I choose not to take a position
- 🛑 NO WITH VETO – I strongly oppose and consider it harmful to the chain