Terra Community Proposal to Burn $UST in the Community Pool and Cross-Chain Liquidity Incentives $UST Has Passed

The Terra community has passed a proposal to burn over 1.388 billion $UST in the community pool and on Ethereum for liquidity incentives, with approximately 1.017 billion $UST in the community pool and 370 million $UST on Ethereum, about 11% of the outstanding $UST liabilities.