YES!
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Hi Fatman,
What will happen to UST holders that were staking UST on Binance at the time of the depeg?
What about money locked on other big protocols in the terra ecosystem?
I am talking about:
Mirror Protocol (Mirrored Assets <> UST)
Astroport LP tokens (Astro, Mir, Luna <> UST)
Aperture Finance (Delta neutral UST Strategies)
CZ also mentioned about the BTC Terra Foundation Guard has moved there, a large chunk of it was moved to Gemini I saw from news … they should use this to repeg back UST to 1 dollar
Exchange funds would probably be a group 2 priority. I believe we should prioritize funds on Terra as the first tier because a) the majority of users were using vanilla Anchor, b) all claims are easy to verify and sort out automatically, c) the process will be far faster, and d) it is unexploitable.
@dokwon This proposal is reasonable.
This is a good idea and something we discussed a bit earlier. Initial deposits, not yield would be considered for repayment to extend the reserve. I believe it was decided on that this would go for all savers, not just the whales.
how many hours and days we should waite to get back our asset?what do you think…im really stupid that give my life decision in @dokwon hands and he do nothing
For a project to rebuild, it has to show the responsibility to clear the debts before anything else.
Hi,I meant initial deposits for the top tier wallets, not the small ones.
Small holders have been under tremendous stress during this period, they still are. They’re the ones that killed themselves in some cases… Someone that has 1M+ 5M+ is not impacted in the same way, knowing they could have most of their capital back.
Smaller ones should get what they had right before depeg
For me, I did not purchase UST at 0.93, I paid 1 dollar 20 plus days ago, but I did not know binance does not support UST wormhole and stupidly deposited in. The UST(wormhole) is still stuck in the deposit address and there is nothing I can do about it.
The proposal is really great, but what about the community holders those who were trusting ust even more then any other stablecoin & held up their dry cash in $Ust on reputable exchanges like Kucoin, Binance, Ftx etc.
I think it will be difficult to reward them with 1:1 Usdc & Usdt via exchanges.
When will there be news about what is happening ? No body is saying nothing.
Yes, they will probably be part of a second step, when people will agree on adding fees to burn or something like that
I did not know there were 2 versions of UST, UST(wormhole) and wrapped. I buy from the curve 4 pool and thought it’s the one supported by binance and just deposited in. Unfortunately before binance even supported the contract swap, UST depeg. Think quite a number of users are also affected but helpless in the situation.
What about UST indirectly deposited into ANC? UST that was locked up in other protocols that deposited into ANC? I.e. Spectrum finance. Would that still count towards 1:1 redemption?
You could try asking your exchange for this
TFL and @dokwon have been mostly silent. Maybe they’re consulting with their lawyers but we just have to wait and see what they come up with. If they continue to ignore us though it would definitely show bad faith and we’d have to let the courts decide this all.
Luna wasnt guaranteed even to be at 10$ , but aim of Ust was to stay at fixed 1$ , people kept up their savings into Ust, but those who invested in Luna had invested to risk up their assets and make up gains, so it could go anyway.
We threat all the addresses in the same way, so if you had funds there indirectly, funds would be sent to that indirect address