/biz/ - Business & Finance

I would recommend everyone to delegate to the "Burn it all!!!" validator.
They have 100% commissions and use it all to burn USTC. Lunc is swapped to USTC at market rate.
Currently with only 2B in delegations they're burning 5000 USTC PER DAY and that's becoming more everyday.
Imagine what that could be PER DAY if they became one of the top validators.
It's only up for a month and they already burned almost 100,000 USTC positioning them in the TOP 5 of all USTC burners.
Other validators just use their commissions to continue dumping on you, pulling the price down and consequently making your stake lose more and more of its value.
Think about it, what do a few cents of rewards really matter, especially considering LUNC is dumping more than your rewards could ever recover? If you want to build significant wealth we need the chain to succeed.
With Burn it all that brings liquidity and volume onto the chain causing USTC to pump and fuel FOMO for a potential repeg.
You can compromise and only redelegate part of your stack to them and keep some with HCC for example, but i personally redelegated everything to them.
Their twitter page is https://twitter.com/luncburnitall
In their bio there's also a telegram and link to the validator.