Binance Labs and Coinbase Ventures have invested in Terraform Labs.
As cz said, TFL and LFG may not have sufficient funds to buy back and burn and restore UST peg.
Buy back and burn LUNA, then restore UST peg is the only way that Terra can regain trust.
UST still has 11B in circulation (~1B in community pool) with a price of $0.18 (at the time by writing this) which is ~1,980,000,000 USD.
The first step LFG should do is to tell us what they have done with the BTC funds, this is the only way they can regain community’s trust.
Binance has a volumn of 4B of LUNA/BUSD today (5/15/2022), this is equivalent to about 3,319,051 BUSD(4B * 0.00075) trading fee per day.
Binance had a volumn of ~50B/day of LUNAUSDT future in the past few days, which is equivalent to about 17,500,000 USDT(50B * 0.0003) trading fee each day.
So far Binance had approximately 20,000,000 USDT of trading fee each day for 5 days, which is
UST/USDT pair should not be counted as they are trading without a fee on Binance.
btw, binance has removed LUNA futures so that we cannot view the trading history.
I have not looked into other exchanges, if anyone can provide information please comment below.
What I propose is that the exchanges can take a proportion (lets say 25%) of their trading fee earned by LUNA to assemble a new LFG which consists of board members from Exchanges(eg. Binance, FTX , Coinbase …) and TFL (if they tell us what happened to these bitcoins).
These fees can be the initial collateralization(better than none) of UST and we can have the wisdom from the most respectful people in crypto industry to join the revive process.
Or these fees can be used to buy back and burn LUNA and when price return to a certain point, we will have regained trust from the industry, a revised fully collateralized UST can respawn from the ashes.