Terra Classic Hopefuls Mull Revival of Failed UST Stablecoin

“To bring some utility to USTC and take it out of circulating supply in the process, I propose that we create a new savings/staking module for USTC with 1month, 6month and 12month lockup periods with increasing reward rates for longer lockup,” the proposal continued. “This module is purely about taking USTC out of circulating supply to accelerate the incremental repeg efforts and put increased positive pressure on USTC price.”