Propose people to lock their Luna for a long time (eg 1 year) at 0% interest, use the reserves to buy and burn the exceeding Luna, plus incentives to burn for a new token.
Distinguish Who believes in the project from speculators, reduce circulation, go for a long-term but clear and transparent recover.
My proposal Is to ask people to lock their Luna for a long time (eg 1 year) at 0% interest, use the reserves to buy and burn the exceeding Luna.
This Will help people Who believe in the project to recover in a reasonable time, while Who just wants to sell Will do It for a slighter High price, and probably recover a part of the capital sooner on the market.
In moments like this i think the best Is to give people a choice about what to do, wait and trust for a recover or keep trading.
This could be paired with the emission of a new token in (example) a 1000:1 ratio with luna, burning the Luna harvested.
This also opens to a mixed choice for investors, lock a part and trade / burn the rest, reducing a bit the risk for them.