There’s ideas for this! The following reply is from just one of a few plausible proposals (in my opinion) that addresses this subject, as a summary of sentiment/reasoning to repeg and work on current chain (linked below. the proposal itself has more details on hows and whys):
We’re both wrong according to https://dashboard.lfg.org/ which states that they currently hold 828.9M $UST. That number is presumably dwindling from >1B I previously stated because they are deploying $UST some other way (which is unlikely to be productive with $UST trading at $0.1).
How do you come to the conclusion that starting an empty chain with: inflationary $LUNA, no stablecoins, no oracles, no market swap module, etc, is a “sounder version”? The proposed fork is exactly what the saying…
Edits, links to other proposals to repair peg andbecosystem.
Proposal with some similarities with ust as debt and ust bonds:
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Here’s another proposal:
Proposal Link on TerraStation → (Terra Station )
Summary
We are the team behind 2 other CMC 500 projects and happen to believe our strength is in the field of economics. We’ve monitored the event unfold and recorded numerous metrics that showcase the problem that caused the spiral downfall. I myself have experience with economic architecture and algorithmic trading.
This is a proposal for Economic restructuring, which shouldn’t be too difficult from a technical standpoint. We as members of the…
Another that includes the previous as well has burning plus governance restructure:
Summary
Proposal to save the Terra blockchain, protocol (and accompanying software), LUNA coin, UST coin, community related projects, community pool and attributed finances, and the governance community, in its current form (and any aspects to which the governance community would be considered having authority over or in, and only to the degree they have authority over or in). This proposal also has an impact on the ability to recover LUNA and UST value over the mid to long term.
Motivation
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