$LUNC $USTC today closes the voting on the proposal regarding uSTD as a new stablecoin (there may be more than one currency in this chain) being rejected.......

down here is the explanation we gave on 13/09/25 about it.

I have to admit that as the days went by, I went from an optimistic attitude to neutral and then to being opposed to this. My reasons are as follows:

1: being on layer 1 (L1) of the ecosystem according to Strachcole, a wise person in the community, would be bad as it is the heart of everything and is 100% decentralized. To adopt that currency, it would have to be done on layer 2 (L2) since if you want to move forward with the #JurisProtocol and #SeleniumProtocol , it needs to have a certain degree of centralization for the trust of the RWA and be attractive to them by having some control over the revenues.

2: they asked for more than 200,000 dollars, and I understand that the chain does not have enough money to use such an amount so lightly. Moreover, there were no guarantees that it would work, and the 20% APR seemed like a fantasy to be honest.

3: the developers did not take responsibility if there were failures in the program.... there was talk of insurance for X amount of dollars, and the developers came forward but that insurance was never demonstrated.

In conclusion: the idea is really good, that is certain, but it needs to be implemented on another layer (L) specifically designed for the RWA as layer 2 (L2) is doing...... I feel that the idea came too soon..... maybe in the future it will be functional with a more developed project and better control parameters.

#LuncArmy what do you think? I read you.