I propose a slightly tweaked version of this proposal to give the maximal benefit given updates to the Luna token.
Proposal:
-Refund 99.6% of UST holders via a USDC conversion funded by LFG’s reserves
-Give UST whales and Luna holders a new network token proportional to their pre-depeg holdings, similar to Do Kwon’s plan Terra Ecosystem Revival Plan
This will:
-Right the smallest UST investors who weren’t signing up for volatility (anyone with less than a million in UST)
-Create a ton of goodwill increasing the odds that UST and Luna holders actually use the new token
-Ensure Luna holders and whales aren’t left out