Is there a way to re-peg at a fraction of a dollar without inflating the Luna supply much any more? Or is it that the moment Terra tries to re-peg UST, the same attack will bring back the hyperinflation of Luna again?
I think at this point, the only way to restore faith in UST is to have a transparently posted reserve to ensure this can’t happen again.
Could be an ongoing tax on LUNA or something else, but a 100% algorithm only stable coin won’t work.
And too many lost too much to peg at 10 cents. UST holders really need to be made whole somehow, even if it takes a little time. I think most would be happy if they knew they were getting the money back.