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

We should not settle for this parody… In the current ust holders there are 1. those who sold at a loss .

  1. Those who withdrew from Anchor or else to a CEX and endep up not selling any. (or never moved it/same thing)

  2. THOSE WHO BOUGHT DURING THE CRASH AT WAY LOWER PRICES AND NOW HOLD MORE UST THAN THEY EVER HAD FOR A LOW COST? BECAUSE THEY WERE SPECULATING ON UST BACK TO 1 DOLLAR PEG !!!
    And these people could potentially benefit more from this proposal than the one swho held or sold at a loss!!! Is this a joke!!! Has to be…
    Gonna puke now,

1 Like

I support for the USDC compensation one with following reasons

1.When Terra launch UST, you promise 1:1 pegged with USD. That is the reason you call it stable coin. However, you break the promise regardless of any reasons.

2.Terra and you never and ever told us that it is risky. I believe if you said it before, many of us will not invest money on it. From this perspective, you cheat all of us.

2.For users joining UST staking, they just want to have relatively high stable earning. They don’t want to be millionaires. Instead, they just want to make a better life with decent earning day by day to feed their families

Therefore, I appeal to all the guys in this forum to support the USDC compensation proposal.

Lastly, my whole family joined the UST staking in Binance with 74k USD cost. The unpegged UST hurt us very deep. I sincerely wish Terra could take responsible for the loss for so many UST holders and not break their hearts again.

Meanwhile, we should also get the authority of vote in this forum as we have spent lots of money on Binance UST staking.

Thanks a lot.

6 Likes

They didn’t make any updates after this tweet so it must be happening.

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That’s actually a very good idea

i hope the “details of the refunds” lfg is considering isn’t another valueless airdrop locked over 2 years instead of a stable, we need our cash

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Terra Research Forum

Terra Ecosystem Revival Plan 2

Governance & Proposals

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1880

Sercan_SEVGIN

15m

Bu çatal bizim bize bir sonuç getirmeyecek. Bizim yapmamız gereken halen toplum yanımızda iken bir an önce arzı azaltmanın yoluna gitmeliyiz. Luna alım satımı için vergi getirin. Saldırıdan etkilenen cüzdanları kayıt altına alıp. Vergiden toplanan ücretler ile hem arzı yakın hemde bu kişilerin mağduriyetini giderin. En azından bu arzın %70 ni yok etmelisiniz. Toplumun kripto dünyasına olan güvenini boşa çıkarırsanız bundan bütün borsalar etkilenecektir. Bize gerekli olan şey Yakım. İster bu yakımı vergi koyarak yapın. İsterseniz alım satıma bağlı olarak yapın.

Akshay_Ghosh

13m

Do the fork please

Chee88888

12m

The only condition that i will agree to a fork is that V2 will set aside some earnings to buyback and burn V1 LUNA and UST! It can be years but at least show us that you want to be responsible and help.

Clark_1

12m

I object this proposal and support for the USDC compensation one with following reasons

1.When Terra launch UST, you promise 1:1 pegged with USD. That is the reason you call it stable coin. However, you break the promise regardless of any reasons.

2.Terra and you never and ever told us that it is risky. I believe if you said it before, many of us will not invest money on it. From this perspective, you cheat all of us.

2.For users joining UST staking, they just want to have relatively high stable earning. They don’t want to be millionaires. Instead, they just want to make a better life with decent earning day by day to feed their families

Therefore, I appeal to all the guys in this forum to support the USDC compensation proposal.

Lastly, my whole family joined the UST staking in Binance with 74k USD cost. The screenshot is from my account. The unpegged UST hurt us very deep. I sincerely wish Terra could take responsible for the loss for so many UST holders and not break their hearts again.

Meanwhile, we should also get the authority of vote in this forum as we have spent lots of money on Binance UST staking.

Thanks a lot.

nebelwerfer

12m

No to fork. From simple economic, burn supply and increase in price should follow and, dont follow policies insane Biden.
Can anyone tell me at least, should I keep my 100… almost worthless tokens on my binance account or just transfer them to the wallet???

Ali_Hussaini

12m

why would you wanted to fork , fork only make it wrose only way is to burn the token

1

metawhale

11m

what will happen to us luna holders and with our losses is this solution? can we just exchange our luna to kimchi at least has value to eat,…

Ami

11m

I have a proposal to request for a new coin airdrop distribution -
Everyone before depeg should get the tokens back as 1:1 ratio. And after the depeg whatever the dollar value of coins they bought for should get the coins according. This way you’re making everyone happy and at least we will feel good about not losing everything in our capital that we invested. We had NEVER SOLD SINGLE COIN in the faith of the project and to be a long term holder. That never selling any coins has become our punishment of the lifetime. Everyone around us told us we should have gotten our capital out asap the price went up. But nope our 21 year old son thought LUNA IS LEGENDARY coin. IT WILL NEVER EVER FAIL. That belief left the biggest scar on our lives now that it’s becoming so hard to get over it. Losing money is never a fun and that to a $140 k. But losing this way is even a harder to cope with. Not selling a single luna token and not getting our capital out was the worsts decision of our life. The pain is unbearable. IN GOD WE TRUST. GOD BLESS EVERYONE!!

cc_f

9m

I think the things you are going to address now 1) Save the trust of the community investors in the project team. If you lose the trust of community investors, even if you fork 2 3 4 5 6 forks, it is useless, because no one will invest in them. Let’s take a step back and say that even if you fork on the new chain LUNA and the old chain Airdrop, that is only an increase in the number of a currency holding address, because investors do not trust you, so I still want to say, please don’t think of other methods, you must analyze this time from the perspective of investors events, so that you can solve this matter faster and solve this matter perfectly

blackstorey77

9m

There is no need to create a new chain from my point of view!
Make changes to the current chain!
Create a new token and connect to the Luna and UST chains!
In the first step, airdrop a significant amount of Luna and lock the airdrops for 1 year!
In the second step, offer a new token added to the chain!
The pattern should be such that printing a new token causes Luna and UST to burn at the same time!
Simultaneous printing of Luna and USt also burns the new token

Consider the print count limit for the new token!
For example, the maximum number of printed 3 billion tokens!
The current pattern has two dimensions - two dimensions either grow or destroy each other - Luna has always needed a third dimension in her chain pattern!
Print new token tokens (up to x number) = burn two Luna and ust tokens at the same time

Burn new tokens = simultaneous printing of Luna and ust
Inflation in ust = burning Luna
Descending ust = Luna print

1

mrcostan

8m

What happen who had LunaX/Luna LP before 7h may?

MultiMillionaire

6m

How about a spoon :joy::joy::joy:

1

laizzz

5m

The plan sounds like a socialist 5 year plan from the Soviet Union, already built in design on forcing to hold an asset. The people have suffered enormous losses, they need help and hope now and not in 4 years, who knows if there will be in 4 years free cryptos at all. Printing money and 2-4 year forced plans bring no value … you can see that in politics , it is no different here.
This collectivist social plan is a waste of time and resources. Besides, what guarantees that Luna 2.0 will not suffer the same fate again?

Crises are in life always the most efficient source of improvement, the bigger the crisis the bigger the chance and the market always finds the very best solution and above all the very fastest solution.

The right way in this crisis is to :

  1. burn the inflationary coins & temporaly increase the TX fees to compensate the UST holders. there are several proposals that make sense.
  2. Make the concept of algorythmic stablecoins more resistant to such attacks. Otherwise, you can soon wipe your ass with algorythmic stablecoins.
    By simply crapping out Luna 2.0 and distributing it arbitrarily according to a complex socialist plan will not produce any value. Sticking one’s head in the sand, the problem will not be solved. Don’t you understand that the business model has a bug that needs to be fixed.
    Our smartest heads should look for a solution here. This is also in the interest of the entire crypto community. I think only approaches to strengthen the existing business model is forward-looking. The fork is only politics and weakening.

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The_One

4m

Time to step down, go hide somewhere with lot’s of security before they find out what really happened and your in jail within the next year or so with your pals. Just my opinion.

Rem

4m

25% - UST holders at the “Launch” snapshot

and he said UST first, now its last, not even snapshot before de-peg, pathetic

Avp3233

2m

NO FORK.

People, there’s a vesting period of 2 years!!! you won’t see your money ever again. This plan in designed to let Do Kwon off as easy as possible. He’s going to create more fake money, backed by absolutely nothing, with absolutely no value, and lock you into it for 2 years. This will be his THIRD project he created that didn’t work. Enough is enough.

There are better proposals than this heap of garbage. VOTE NO.

1

Alina_Vevel

2m

Reserved. why not=)

sqasimbokhari

1m

@dokwon Please don’t fork it! Burn the current supply of luna

Oxbys

1m

Sounds like a double scam rug pull, it’s simple. Burn the excess supply not create scam v2.

Digital_Mogul

1m

Might seem a crazy idea, but here’s my 2 pennies worth:

  • why not turn Luna into a decentralised community coin with a fun feel to it like shiba inu.

  • Through staking let the community votes on the direction of the coin

  • let lunar classic act as a canary network for V2 to mitigate any future catastrophies on the main V2 chain.

*Use lunar classic as gas fees for the V2 chain.

*Burn lunar used as gas or first use it to pay back UST holders on a full 1:1 peg

  • Let the community dictate the various burn mechanism to reduce coin supply on the old Luna network.

*Let both v1 and V2 be a means to pay back the UST holders on 1:1 basis over time.

  • And finally don’t call it Lunar classic call it Lunar canary and walk away as project lead for the old lunar and focus instead on making V2 and Terra successful whilst ensuring all terralabs future projects benefit old Luna in some capacity.

It really is that simple and everyone is happy. We have 2 chains and also the hope that through creative burn mechanisms still a good Dev team and a solid community both chains can thrive and Terra can rise through the ashes.

1 Like

I will be “happy” even if I can get $5k of my $20k. I’ve still not sold a single UST. I should’ve sold when it was $0.9 but I was so sure it would re-peg and didn’t really want to lose 10%.

2 Likes

I agree

I didn’t sell my UST too and now it price is very bad. Hope it’s now go down further.

Same here but without the “i’ll be happy if…” :wink: Only 1:1 or 90% at least.

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Same here but I want my $13K back 1 for 1.

3 Likes

I just checked LFG reserves and they have like $180 million. I doubt it will be enough for this plan. They need at least $1 billion to fully compensate small holders. I think they could be forced to create funds if enough people pressured them into it. We have support from important figures like Vitalik and CZ.

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JUST IN: 90% of the participants in a preliminary vote are against Do Kwon’s proposal to fork $LUNA.

Please update the results in time, thank you.

They just don’t care about the community, we have no voting power

Everyone is greedy. Investment is a risk. Not everything will benefit you. So there is no need to distribute it to the holder. Ust is a drag. Only ust holders can wait. terms of settlement. Only Luna is good. To make ust better. This is the best way.

I propose to burn during 2 or 3 months and if it doesn’t show positive results, then let’s fork!!!

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TERRA’s flagship product WAS UST and used LUNA to … do it’s thing.
If you say LUNA is the only good and LUNA holders should be compensated, uhm well. you were watching a different movie so far.

piece

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terra14s5eqfppup8ymjywf3devy8gy75nsrqkq3utjj hesap cüzdanım cüzdan lunadan büyük kaybım var lütfen yardım edin ev kira çocuklarım var intihar edcem kendimi öldürecem

Is there a #saveustholders on Twitter, yet? Could help… People familiar with Twitter, come on! :fist:

1 Like