- Buy UST for remaining of btc, bnb, avax.
- Burn all UST bought with that and those already in reserves. That would remove around 3.3b UST from the market.
- Burn LUNA tokens that are in reserves.
This is at least what Terra 2.0 creators can do. Reserves were made to defend the peg anyway.
Why is no one talking about those reserves?
People are talking about it. You just haven’t been paying attention. The reserves will be used to try and make UST holders whole.
Maybe they are doing it quietly.Money used is not much but it will take a long time to buy at this price.
Ummm, ser. The reserves are gone. Already spent trying to defend the peg on D-Day.
Where have you been?