# \[Prop 1691\] Terra v2.2: A Fair 11-point Confidence Restoration Plan for the Terra Enterprise **URL:** \ **Category:** Governance & Proposals\ **Created:** [May 16, 2022, 4:16am UTC](https://classic-agora.terra.money/t/prop-1691-terra-v2-2-a-fair-11-point-confidence-restoration-plan-for-the-terra-enterprise/17296 "2022-05-16T04:16:43Z")\ **Posts on this page:** 1\ **Showing post:** 5
**Author:** ![ERG](https://avatars.discourse-cdn.com/v4/letter/e/e9c0ed/32.png) [@ERG](https://classic-agora.terra.money/u/ERG)\ **Post date:** [May 16, 2022, 5:12pm UTC](https://classic-agora.terra.money/t/prop-1691-terra-v2-2-a-fair-11-point-confidence-restoration-plan-for-the-terra-enterprise/17296/5 "2022-05-16T17:12:18Z")
# Constructive Support Any plan that restores capital value focuses primarily on building value and secondarily on distributions > [@JUST IN: LFG Reserve 300BTC Only!](https://classic-agora.terra.money/t/just-in-lfg-reserve-300btc-only/17946/2): > > I told you so before but I received only insults… There is no other way out than either hoping for outside help or do the fork and focus on rebuilding the blockchain/ecosystem such that v2 has a value and gets one day listed on exchanges. There is no cash to compensate anyone unless funds step in like a charity… ## Burning LUNA Concept The burning LUNA concept applies network taxes on transactions to reduce the LUNA supply > [@\[Proposal\] BURN and REMEDY fee with each LUNA transaction pill \[PART I\]](https://classic-agora.terra.money/t/proposal-burn-and-remedy-fee-with-each-luna-transaction/12176): > > UPDATE: "What you are going to read here is first part of the proposal. If something new will be added by the community to the proposal you will find the continuation in @bloodcurdle thread → [[Proposal] BURN and REMEDY fee with each LUNA transaction [PART II]](https://classic-agora.terra.money/t/proposal-burn-and-remedy-fee-with-each-luna-transaction-part-ii/27275) message → [[Proposal] BURN and REMEDY fee with each LUNA transaction pill [PART I] - #2322 by bloodcurdle](https://classic-agora.terra.money/t/proposal-burn-and-remedy-fee-with-each-luna-transaction/12176/2322) Please contnue with both threads to keep views going !" @Hellothere: “The proposal belongs to everyone here. I just sit down yesterd… ## UST Collateralization Concept The UST collateralization concept restores value in the UST by building up actual substance to restore the peg > [@Rebuying UST with 1B worth of BTC without fixing the algo is like directly burning 1B worth of BTC](https://classic-agora.terra.money/t/rebuying-ust-with-1b-worth-of-btc-without-fixing-the-algo-is-like-directly-burning-1b-worth-of-btc/17714/1): > > Luna holders are to decide if they want to trash the 1B fund as CZ irresponsibly suggest. A collateral fund is not there to rebuy a chain with a bug. You are planning to sell the BTC Dip. Buy! Make the fund stronger as a reserve for ust2. The chain as it is, turned worthless. A fork is necessary New Coin must have the LFG fund as a collateral. Buying and not selling the Dips!! On the market tops, borrow dollars as a collateral and use them to buy more BTC on the dips. As a regular investment… ## Pay Off Small Debts and Rebuild Concept The @Colby_Jack (wlawyer) concept focuses on rebuilding the network with new capital investments but hinges on being able to pay off the majority of old debts (the people that need to pay rent this month) > [@The Sanest Compromise - Combining the Terra Ecosystem Revival Plan and the FatMan Plan](https://classic-agora.terra.money/t/the-sanest-compromise-combining-the-terra-ecosystem-revival-plan-and-the-fatman-plan/16473): > > Hi everyone. I am [wassielawyer](https://twitter.com/wassielawyer) - the guy who posted '[A Sensible Decision-making Framework](https://classic-agora.terra.money/t/a-sensible-decision-making-framework/12142/218). Since I made this post, I have had many people reach out to me, including some incredibly helpful members of the Terra builders group, UST holders, LUNA holders etc to share views on what the future of the Terra ecosystem might look like. Having considered the leading proposals on this forum, I have put together what I consider to be a sane compromise for all parties. Disclaimer Firstly - a long discla… ## Liquidate the Properties Concept The @Deathstar_Daddy concept begins by liquidating LUNAs back to USTs at 1:1 then apply network taxes that burn USTs to drive up its value (a subset of the 9-point recovery plan), but _the Robinhood minting process between LUNA and UST must be eliminated which is central the current Terra v1’s downfall_ > [@New UST/LUNAC Revival plan & Leadership Bid](https://classic-agora.terra.money/t/new-ust-luna-fair-revival-plan-to-save-our-ecosystem/14069): > > Updated! This is just a summary as otherwise it would be too long as well as to protect my bid to lead the LUNA Classic team, as giving away certain trade secrets would allow someone else to take my plan. As stated I intend to make a bid to Lead LUNAC & UST moving forward (post fork). This is my plan which can be accomplished without Forking our community. But unfortunently Do Kwon is set to do that. So like what happened to Coke, the Classic shall be victorious. (Though seriously I hope both… # Destructive Support (Recommend: NO) Any plan that takes away value focuses primarily on distributions or redistributions so that holders accept a permanent loss of capital ## Do Kwon Concept 5/13 The Do Kwon concept arbitrarily resets debt obligations to reboot the network by ignoring commercial fraud aspect of eliminating debt obligations by offering UST debt holders 40% of a new token > [@Terra Ecosystem Revival Plan](https://classic-agora.terra.money/t/terra-ecosystem-revival-plan/8701): > > There’s been several community and validator groups discussing launching a fork of the Terra chain to make the ecosystem whole from the UST depegging event. Wanted to offer my perspective on how this should be done. As of this time, there are still several billion dollars worth of UST, and the value of Luna token has fallen to essentially zero. Even if the peg were to eventually restore after the last marginal buyers and sellers have capitulated, the holders of Luna have so severely been liquid… 5/16 **Do Kwon is now pressuring the community to take his illegal investment plan within 2 days (5/18) and ignoring his UST debt obligations by reducing from 40% to 25%** (the equities cannot be rewound back and they must be valued at liquidating all LUNA and moving them completely to UST side) > [@Terra Ecosystem Revival Plan 2 \[UPDATED AND FINAL\]](https://classic-agora.terra.money/t/terra-ecosystem-revival-plan-2/18498): > > This will be a living document to coordinate the new network launch with the community. Details are subject to change. This document has been edited in conjunction with input from the Terra Builders Alliance, and has endorsement of both the TBA and TFL. Motivation While UST has been the central narrative of Terra’s growth story over the last year, the distribution of UST has led to the development of one of the strongest developer ecosystems in crypto. The Terra ecosystem and its community a… ## FatMan Concept The FatMan concept promises distributing remaining assets, assuming there are any value left, in stages to allow smaller fish to jump ship first **There are $87M million left. Do Kwon and TBA co-conspirators are pulling their weight to push and vote for their debt voiding plan, enrich themselves, and drain the remaining LFG Reserves to pay their salaries and bonuses without offering anything back to the community. They are not trying to save Terra v1. We can put the remaining assets towards the best value building projects or rollover and get almost nothing voting. If you are not a whale then it is nearly guaranteed you will get nothing. There is over $13B in debt with only $87M and people want to be made whole how?** > [@\[Proposal\] Tier repayment 1:1 USDC refund - Incorporating Fatman's Idea - Potential Mechanics (Not Currently Enough Funds)](https://classic-agora.terra.money/t/proposal-tier-repayment-1-1-usdc-refund-incorporating-fatmans-idea-potential-mechanics-not-currently-enough-funds/18204): > > Unless a white knight or angel investor comes forward, there isn’t enough money to enact this proposal. At current prices, you have ~$243M between Binance, Justin Sun, and the remaining LFG reserves, which is a fraction of the $1B - $1.5B. What if you did a lock drop for all UST on chain, and everyone who deposits UST can get 1 USDC either paid by donations from anyone wishing to step forward, or a percentage of future transaction fees, which would be sold for USDC and distributed to users. Thi… ## False Debt Settling Concept The false debt settling concept assumes UST holders will be settled so that TFL will be allowed to work on rebuilding LUNA without any debt obligations > [@Fixing LUNA is the KEY](https://classic-agora.terra.money/t/fixing-luna-is-the-key/18424): > > Now that the LFG (Luna Foundation Guard), has made it public, that there’s very little funds left from it’s reserve, and from their updates, would prefer to compensate UST holders only, starting with the poorest wallets, is ok by me. However, The Project team should know, that right now, majority of the UST holders are no longer interested in sticking with the project. This means once they get their compensations, they will feel lucky and excited to flee the system. LUNA holders on the other ha… ## Economic Refactoring Concept The economic refactoring concept starts by pegging the LUNA and allows the UST to depeg then as UST minted supply reaches the circulation cap the UST repegs; for this concept to work the LUNA and UST must be traded and not minted between each other otherwise the net effect is saving the LUNA and destroying the UST > [@\[Proposal\] 8 Steps to Save Luna Now - Economic Refactoring Proposal From Industry Professionals](https://classic-agora.terra.money/t/proposal-8-steps-to-save-luna-now-economic-refactoring-proposal-from-industry-professionals/7510): > > Proposal Link on TerraStation → ([Terra Station](https://station.terra.money/proposal/1242)) Summary We are the team behind 2 other CMC 500 projects and happen to believe our strength is in the field of economics. We’ve monitored the event unfold and recorded numerous metrics that showcase the problem that caused the spiral downfall. I myself have experience with economic architecture and algorithmic trading. This is a proposal for Economic restructuring, which shouldn’t be too difficult from a technical standpoint. We as members of the… ## UST Derivatives Concept The UST derivatives concept arbitrarily defines mortgage contracts as gold so save the LUNA and magically eliminate the UST debt obligations --- _[View the full topic](https://classic-agora.terra.money/t/prop-1691-terra-v2-2-a-fair-11-point-confidence-restoration-plan-for-the-terra-enterprise/17296)._