Burn of 800m USTC Funds - legally absolved route via non code change without validator update

Burn of 800m USTC Funds - legally absolved route via non code change without validator update Lunanauts Validator cosmo • Edited 7 hours ago • 361 views New Trending Burn of 800m USTC Funds - legally absolved route via non validator code update Dear LUNC Community, Validators I've spoken to are worried about legal repercussions updating code on their nodes to burn the funds, so are voting NO to prop 11913 and any varients that involve a code update. So here's the alternative: I present a proposal for the burning of 800 million USTC funds from the Luna Classic treasury, held in the Risk Harbor Multisig Wallet via a contract Objective: Initiate the burn of 800 million USTC funds from the Luna Classic treasury (terra1qyw695vaxj7jl6s4u564c6xkfe59kercg0h88w) using a simplified contract. Risk Harbour have stated they've lost the keys and have agreed to blacklist the wallet. Let's burn instead. Implementation: Create a contract with a sole MsgSend to transfer all holdings to Anxu. You can then migrate the multisig contract via governance to that code id. Legal Safeguards: This approach eliminates the need for validators to install any code, minimizing legal responsibilities associated with updates. Effect: The proposed method achieves the same effect as (proposal 11913) without requiring validator installations. Your vote will decide:- Yes: Authorize the burn of 800 million USTC via a simplified smart contract and governance migration. No: Retain the existing blacklist proposal (11832)