Not against this for a stabilization fund because this is for emergency use only, and only during depeg to stabilize the peg. Don’t imagine we will have $13B of stabilization fund to cover $13B UST so using a basket of stable assets and stable coins for stabilization is fine with me. We can always choose to vote what is the next asset to buy and offload overtime. We’re in an emergency situation. A mixed basket should be fine. UST+3Pool is a mixed basket. It contains USDT, USDC, and DAI so why are we not fine just for a little bit longer? 4Pool may be coming soon. It could give us a temporary breather until the next attack with more UST than 4Pool has to restart the spiral again. The best way out every time depeg happens is unfortunately letting bad debt go. We can’t save them.
This is a proposal to clear bad debt to try to save everyone else.