[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
1016

Agreed - this is the best way to move forward.

2 Likes
1017

Agree

1 Like
1018

Lets make this happen!

2 Likes
1019

Yes, we are open to everything next, we are just proposing what to do now to defend most people. Here we are just talking of what to do now for UST people, but a fixed token or whatever after isn’t against this proposal.

1020

those who sold should not receive any refund . they have made their decision . reimburse only those who still hold . take a snapshot of wallets before and after the fall

2 Likes
1021

Yes lets make this happen

1022

How do we vote for this

3 Likes
1023

Guys, please follow @FatManTerra so that we can keep in touch.

1 Like
1024

Absolutely pathetic. The UST Sect are as selfish and as greedy as the people who put everyone in this mess.

Just remember without people always buying luna to try and get the peg up the situation would have been a lot worse.

1025

@FatMan the idea is great but can we switch from USDC to something diferent.
Lets say you whitelist all addreses before the catastrofic event. Then you allow a redem of máximum 250k UST per address for a new UST1 (fully backed 1 to 1), and the rest in a form of promissionary note (lets say PUSD). This will allow for the network to work again.
This exchange of tokens should be done in terra station to be safe. Every CEX should address this issue with their customers in their own method (yes, there are thousends of small investors in CEX like binance staking). They should receive the necesary UST1 and PUSD to do this task with small investors.
Large investors like +250k UST will reveice 50k UST1 and the rest in PUSD (promisionary note USD).

1 Like
1026

I really like the idea with the new edit we need to vote this as soon as possible we are losing valuable time. thanks “FatMan”.

2 Likes
1027

@FatMan

1028

This gets my vote

1029

I have about this idea but by slice to be defined

1030

Guys, Vitalik support our proposal!!! Share this and make it happen!!

9 Likes
1031

Agree

1032

Yes but we are getting hammered in the voting room… large LUNA holders are crushing this idea. Always the whales winning

1034

Agreed with all the points made here, UST holders really need to make hole here especially who has nothing left right now after this crash, these are generally people living common lives, this might be there first encounter with crypto.

1035

Where do we vote on this?

1036

:100: it’s the least that Terra can do for their loyal holders

2 Likes