Monthly Buyback of USTC
That is just some idea to make LUNA and UST holders whole
Basically a group of people would pledge to buy e. g. 200 million USTC per month until all USTC are bought up. The current supply is about 10 billion -1,8 billion in the LFG reserve = 8,2 billion USTC
The USTC could be bought up by exchanges who did misrepresent USTC as a stablecoin and/or additional funds by TFL, Do Kwon, LFG, VC, Jump Trading or other groups.
The amount to pay in USD would not be very much because:
a) The current und future token price is way below 1 USD. If you buy 200 million at 1 cents, they would have to pay only 2 million USD. At 10 cents they would need only to spend 20 million per month to buy 200 million USTC
b) There would be an incredible amount of people fomo in. If 200 million USTC is bought at every month, than only 41 month would be needed at worst case scenario. But because of the fomo effect it would be much more quickly. People would buy USTC, because they know at a certain point it will reach 1 USD.
When USTC reaches finnaly 1 USD those 200 million planned for buyback could be used in case it ever dips below 1 USD again. Those coins bought via buyback must be locked so that they cannot be dumped by the groups who initiate the buyback.
Doing those buybacks would basically make everyone whole who did not sell their UST (USTC).
What about people who sold UST after Depeg or LUNA holders?
Maybe some of those tokens bought via buyback could be airdropped to those holders.
However that should only be done when USTC reached 1 USD and is fully stabilized. Those airdrop to post UST depeg sellers and LUNA holders may even be partially locked e. g. 30% initial, 10% every month. Airdroping USTC has also the big advantage than it is much or stressfree instead of airdropping a non stablecoin.
It is my first post. Just an idea.