[Proposal] Tiered repayment: 1:1 USDC refund to all UST holders up to a certain cap per-wallet using LFG funds, favouring small wallets

Governance & Proposals
3468

I sold at 5 cents but I also think that people are banking on a v2 coming out and UST being exchangeable for something more valuable than 5 cents?

Either that or short positions on UST covering their short calls, or liquidity pools activating their last few dollars?

In any case, we shouldn’t be in the position to only get back 5 cents on the dollar on a stable coin… man i’m hurting so bad

3469

true, simulate upward pressure gets the fomo to follow making it easier to releave themselves of their bags

3470

wont that new thing immediately drop on open market back to lower than since it is the last stop for people to get out?

3472

Yep its probably not a good idea. I just think people have that idea.

3473

I still have UST from Mars, Astroport and Pylon still on Terra. I guess I’ll wait to hear back from TFL but I assume I’ll have to sell these for 5 cents on the dollar :frowning:

3474

Do Kwon just posted a new thread!

7 Likes
3475

I think the leadership is to blame. I think the coders didn’t know / profit. They were prob kept in the dark and have nothing now. If I coded some of it, I would go down with the ship and never sell.

3476

residual UST holders at time of launch. LOL, so if I had only waited a couple hours I could have sold at 10 cents on the dollar

3478

He gave a date. 2022.05.27 03:59:51+08:00

3479

Technical details

  • “Pre-attack” snapshot to be taken at at Terra Classic block 7544914 (2022.05.07 23:00:04+08:00)
  • “Launch” snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00)
  • Chain upgrade to commence in a few hours after the Launch snapshot
  • Snapshots can change depending on development readiness
  • Vesting all vesting block by block
  • Terra Core to be forked with the oracle , treasury , market modules removed - no UST
  • Luna eligibility includes Luna, bonded Luna, unbonding Luna, and staking derivatives
2 Likes
3481

yes we definitely have to remain fully mobilized for a decent outcome to this.

1 Like
3482

wow, going to be another race to the exits on launch

1 Like
3483

I guess LFG were planning to invest $10b in total in BTC right? I guess they could dip into their pockets for this!!!

1 Like
3484

I think 5 is may and 27 is the 27th. being that it’s may 16th, it would appear I just got fucked one more time selling at 5 cents…

3485

whould it be automatic or must one suscribe somewhere?

3486

why? you think the new airdrop will have value? I wouldn’t doubt if this is one last ploy to pump so whales can unload again

1 Like
3487

Yeah, I sold right before they pumped

3488

so what now, ust going up and we still don’t know if we have to buy back for a refund, what a mess

3489

Small UST holders = majority of Terra users. This is the best way to rebuild the community.

3490

They were going to use Luna/UST to help fund these purchases. Obviously this can no longer happen.

1 Like