I heard they only used Gemini as well. They would have had to use market makers at Gemini and those guys would have had to hit all the liquidity pools, and exchanges at once for it to make any sense. Hopefully the Gemini people will give us an accounting of what happened.
If this proposal comes true, I would like to ask if my UST on Binance exchange is included in the compensation scope?
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Yes this!
It’s called a stable coin and exchanges that sold it should be liable as well
They should have at least given a warning message as to the volatile nature of the “Stable” coin
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Yes because is part of the chain
I’m ok with some sort of indirect progressive tax on whales but double dipping is an entirely separate matter, that shouldn’t be lumped in with anything.
a) The person who sold below peg should get nothing
or
b) The person who sold below peg gets some % of shares back but not the whole thing.
If Bob has $50k UST and never sold, Carl sold $50 UST at 50 cents, perhaps Bob gets 50k shares, and Carl gets like 5 to 12.5k shares.
c) If double dipping is allowed, we can most assuredly know there is a fraud going on
pictures from prison cell won’t make me feel better. Make him work it off and at least give back something… even if it would be like 0.00000000000001%
How exactly the deposits/refunds will be made? into the exchanges? if so, which ones and how
I can’t believe there are any buy orders on the books, people really think they will get > 0.05 per ust? hahaha
just whales swing trading on our despair
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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
true, simulate upward pressure gets the fomo to follow making it easier to releave themselves of their bags
wont that new thing immediately drop on open market back to lower than since it is the last stop for people to get out?
Yep its probably not a good idea. I just think people have that idea.
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 
Do Kwon just posted a new thread!
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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.
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
He gave a date. 2022.05.27 03:59:51+08:00
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,marketmodules removed - no UST - Luna eligibility includes Luna, bonded Luna, unbonding Luna, and staking derivatives
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yes we definitely have to remain fully mobilized for a decent outcome to this.
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