[Prop 1691] Terra v2.2: A Fair 11-point Confidence Restoration Plan for the Terra Enterprise

Constructive Support

Burn USTs Everywhere Concept

The burn USTs everywhere concept seeks to reduce UST debt liabilities by burning the UST held in the community pool and in cross-chain liquidity incentive pools

The pool has been drained significantly and continually.

  • Current community treasury account [source]

    USD (UST) = $1,017,233,195.48

  • Curve.fi Wormhole pool [source] still shows ~123M USTs to 737k 3Crv. ~167:1 UST:3Crv ratio continues to put significant pressure on weighing down the UST peg. It will not let up until these shares are taken out of the pool. Curve UST-3Crv liquidity charts [source]

    Note: The UST price is off by a decimal to the left.

  • Wormhole wrapped USTs shows ~10.7M [source]

  • Polygon wrapped USTs shows ~14M [source]

Two things are confirmed:

  1. An oversupply of USTv1 in all DEX platforms and continued drainage of the treasury

  2. No one is bailing out the UST so a new USTC (UST Collateralized or USTv2 in our proposal) is necessary, no way around it, as fear continues to pressure demand to the floor

At this rate the conversion from USTv2 to LUNAv1 minting will cause further dilutions. Pretty soon everything is going to be out of whack. We recommended starting with 3:7 LUNA:UST to stop worrying about further pain and focus on fixing the network. If this system drops completely of value then we suggest 1:2 LUNA:UST LUNA ownerships with UST restitution program protected. Nobody wants 1000:1 LUNA:UST because that is not a good starting point for a community.


Great offer!

Great job, I’m on planet Earth1 with you … seriousness and professionalism

Our 1 Terra Community will be proactively reaching out to everyone to review our plan and provide constructive inputs on how to make it stronger. Fragmentation of our community is unacceptable. We are 1.

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There is nothing to act on with this information. The equity market is always under short attacks and reversing transactions is not really an option. We need move forward plans to combine.

Thank you @ERG! This is definitely one of the best proposals by far.
I can stand 100% behind this and will do my best to get the word out about it!

Fellow Terra community,
please share these proposals and ask to vote as following, so we can have a real chance to save Terra:

Can you stop complain >
I also like this idea :slight_smile: better chance with big comunnity than CRY ALL DAY WIth DO .

What about people who bought after 7TH may.

People who bought solely based on your tweets you kicked them out.

You seem to cover us in the first proposal then you are completely ignoring now.

All the people are equal. You are covering the people who bought before 7th May and after 13 may when circulation jumped to trillions.

But what about the people who bought during 8 to 12 may price was still high and supply was 400M to 10 B at max.

You are compensating the people (i am mot against it) who sold that’s why people bought 8 to 12 may because they sold and they are compensating still

And people who bought at 0.1 to 70$ literraly getting nothing because they bought during 8 to 12 may.

IF you want to make it fair then don’t give everyone everything or do it in a fair manner.

Why it’s hard to understand there are three type of groups.

People who bought before the attack
People who bought during the attack (before the last halt)
People who bought and buying after the last halt resume.

So distribute in a fair manner.

You either do snapshot before the last halt.

Or maybe there should be three snapshot.

On 7th May as proposed.
On 12/13Th May (before the halt)
On 27th May as you proposed.

Everyone would be equal in that sense.

Because most of us who bought during 8 to 12 may literally getting nothing

Or fairly distribute people according to the circulation they bought at


This is a really well thought out plan but I fear without LFGs support it will be difficult to enact, unless or until, they go and work on Luna V2 leaving the majority of the community to reconfigure Luna V1 according to the actual best idea and not simply the one that allows Do Kwon and LFG to try to abandon the UST debt they accrued.

Who us to say doesn’t have LFGs support? They gave been quiet. They are not tfl or kwon either.

Get this out there. Id vote for it. There are like 4 plans Id vote for dont require forking. All good.

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Others have to comment even if to bump this up forum visibility for people to even see. Really would think proposals with enough replies/mentions/copy pastes/discussion/votes maybe should be pinned.

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I strongly agree.
Should be more diffused.

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People who bought during 8 to 12 may need to stand together. We have not bought when supply was 6.9triilions.

Why we would compete against that.

Make it fair and distribute people according to the supply they bought at or take another snapshot before the last halt.


Yeah the people screwed the most don’t include current buyers now because they can buy by the boatloads, but the transitory period were they were hyperinflating Luna seriously mostly late 5/12 and 5/13 when it started going from a billion to 100s of billions. They will be lumped into the 6.5 Trillion marketcap instead of their respective market caps when they purchased. This will make their stake in the Luna ~ 0. This MUST BE fixed. Look at the data below people who bought on 5/12 bought when the circulating supply was only 1.46 billion and now the circulating supply has increased by 446865% to 6.5 trillion! The groups needs to be separated.


This is not a reproach, it is the reality. This project and the future projects on Terra are finished forever in advance if it is not the community itself which takes it in hand. The Terra team has clearly shown their inability to bounce back and act in the right direction. Someone else has to take over the sled.


Attached translation for the Chinese readers:


We share your same sentiment.

While the concept of Terra must survive, dependent on TFL it is not. We will keep pushing and trying to collect everyone including wrapped and bonded users who have been expelled into deep outer space and bring them back to earth so that we can try to make everyone whole. If the voting really is rigged, then we will push follow-on proposals that will gather more buy in, and if these fail, our message to the community is to retain mirrors of the Terra v1 ledger, IBC chains, etc. so that we may restore everyone under a separate brand so that the community will take care of their own with or without TFL.

Am I reading this correctly? No LFG receiving tokens in the v2 airdrop?

Too long and complicated. Voted for 1623.

Restoration of confidence is not easy. 1623 restores nothing. It’s running away.

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