One other thing to consider. The approved proposal that increased minting capacity has allowed LFG and Terra to Mint massive quanities of LUNA to burn out excess UST. The way this mechanism works is that the excess volume of LUNA should still be in the hands of LFG and NOT circulating among exchanges.
Without $UST $LUNA is worthless. If we can restore $UST, I strongly suspect the oversupply of minted LUNA will be taken out of supply via bonding, burning, or some other mechanism, but it doesn’t matter if $UST doesn’t repeg.
The problem is the available supply of $UST being shorted as the repeg attempt is made. If you want to help, we have to take $UST overhang out of circulation.