The Community Pool & Ozone
Since 100% of LUNA is burned in Columbus-5, no more seigniorage will be diverted to the community pool. Currently, the community pool contains roughly 98.675 million LUNA, equating to approximately $3.5 billion at the time of writing.
$1 billion (in LUNA) from the community pool will be burned via the on-chain swap (LUNA → UST) to bootstrap Ozone. Ozone is an algorithmic, claims-based insurance protocol approaching launch on Terra. That leaves approximately $2.5 billion in the community pool at current prices.
