Will ust stakers in anchor protocol be taking into account ? I have all my savings there since it was supposed to be a stablecoin.
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Please also consider those that are holding on CEX…
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2 days ago
I just transfer UST to Binance CEX
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Hi, part of the transaction fee $ust should go towards creating reserves
$luna $ust
I lost all, as a staker
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Good new
I agree with the core of the proposal … However, like others mentioned some thought needs to go into how the holders of the various psudo-Luna’s (bLuna, XLuna, stLuna etc etc ) are dealt with. I also have some reservations around the 10% for marginal holders accept they need to figure in the solution somehow but it seems like a reward for carpet-baggers, weak hands and may even further benefit the ‘attackers’ - maximising the recognition of holders positions immediately prior to the attack should be the priority.
Whatever the proposal - really do hope that something can be salvaged from the eco-system.
Maybe also consider a small ongoing txn tax to create a fund solely re-distributed to holders immediately prior to the attack - terms to be agreed - but would go some way to recognising and re-funding those who lost so much in investing in the core ideals.
I invested all my LUNA on Astroport providing liquidity for LUNA - UST.
Furthermore, I had some LUNA sitting on other chains like Osmosis and Solana.
Thus, I was an integral part of the ecosystem.
I don’t like the weighted approach.
I know of friends who simply hold LUNA in their wallet. They have the same rights as anybody else. Make a simple and fair distribution:
After the reset you should simply get equivalents for your LUNA holdings across chains.
Replace each LUNA with the new LUNAv2 and UST with USTv2.
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Hang on , ive held luna the past 18 months . Staked for 12 of those and moved it through various protocols during the time unstaked including prism and anchor. Yet because my luna was sitting in terra station during the time of the attack , im not deemed an integral part of the terra ecosystem? Even tho i didnt sell a single luna and sank with the ship?
That doesnt seem right.
just an outside in thought, would it make sense to make following change? 1) remove '000 or '000X from LUNA circulation supply by issuing new “LUNA” 1:1000(X) 2) all wallets that proceed with this change will be locked into certain period (calculate based on current mess) to not be able to sell their new “LUNA” + what they mint as a result of the algorithm, this should help to restore peg on UST - this has to be done with other adjustments proposed here by others, so that same what happened this week does not repeat again…
All of these plans - cutting off zeroes, buying back LUNA, etc. - will simply not work.
People have bought a lot of LUNA at $10, $1, $0.1, $0.01, $0.001, so on. How many zeroes will you cut off to make everyone happy? How does cutting off zeroes bring back the market cap (which, really, is the only thing that matters, not the per-unit price)? And how will you stop the market cap from instantly being drained back into UST?
LUNA is a lost cause. It’s time to give up and accept the loss. I’m sorry. I know it’s heartbreaking.
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Ust holders at the time of depeg /attack, should be accounted for. I panicked and thought best to move UST to an exchange but the proposal doesn’t want to include those who panicked?
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you can never make everyone happy, stopping the draining of UST can locking period that will theoretically stabilize the peg. I am not heartbroken about this, just offering point of view
Well put and said, it is best to be organic. I for one stepped in to support and had my Luna on CEX and am sure many others had them allocated elsewhere.
The growth best be organic, this is far skewed towards the validators. The growing pains will only solidify the community that depends on its talent. Avoid easy quick fix trust is never built that way.
Imagine if the BTC pops as collateral in the new spin-off. That would project a horrible image for the whole community and lose trust, which is the intrensic value Luna has to gain.
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A lot of this makes sense @frederick, the only thing we can be sure of is that try though they might, not everyone’s going to be happy …
Why wouldnt a snapshot be taken and weighted purely against amount of luna/ ust held at the time of the attack? Whether thats in terra station, staking or locked up with one of the other protocols ?
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Hey, let’s just not forget people who were stuck on exchanges. I tried my best to save UST by buying more on day of attack. Bought UST for USDT, and got stuck in KuCoin since they stopped withdrawing funds.
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Ruined second time? After we had already bled by holding!
Luna is over. Trust is everything. Now you have to accept that this is irreversible.