Summary @RedlineDrifter created a great proposal that could (theoretically) raise USTC to 1. But why we dont want to raise LUNC with an same beautiful scheme? Just imagine how much assets we will have when FTX-wallet or someone else tries to sell a large bag.
Proposal
Apply the same scheme to LUNC. It will be fair.
If the community supports this I can work out the divergence protocol to be applied to LUNC also. Community can decide and I’ll support either outcome.
I simply do not get where from does the divergence tax in LUNCs case come from? Where is the diverging point? Since the price comes from organic trades, demand and supply.
The worth is exogenous, not endogenous to LUNC. I think that if the USTC proposal works and, in addition, bidirectional LUNC <> USTC swap is restored (at least in a neighborhood of the peg), then LUNC will become attractive again and the price will rise.