There are many barriers that need to be cleared.
Step 1. The MOST important piece to everything is the allowance of the Terra Community [As a whole], to delegate, and take part of the voting process. As many of the proposals by DK, and the inner circle only enrichen themselves at the expense of others. [IMO, more of a power grab vs money.]
There is nothing preventing dev, builders, and validators to purchase Terra products at fire-sale liquidation prices, and reaping the rewards when the system reboots.
Most of them have staking rewards stuck too! Where do you think these rewards are going to be sold? Right now, they are earning like 37000% so of course they will leverage the liquidity of CEXs, and duump them on retail.
Step 2. Is the expression of decoupling UST from LUNA. Right now, from my review of posts on this forum, MINTING is still enabled. This means when LUNA/UST functions resume, [I refer to the other only as V2.] that the MINTING function will again print trillions of LUNA to defend the peg. [It’s a Chernobyl event.]
There are also probably hundreds of millions of UST/LUNA trapped in various pools, wallets, chains, CEXs, and the list goes on. So the system needs a burn solution in place when the switch is turned back on.
LUNA can burn, and UST can be back-stopped by the remaining assets of the LFG. It probably would be the only way to be fair to everyone.
Thank you,
JS