In the short term, I don’t think anyone expects UST to be worth $1.00. The high inflation rate to support the gap right now is making the long term proposition for LUNA more unclear, as buyers face massive dilution. What about targeting a lower peg temporarily? People who want to leave now can still leave, but longer term holders will face more certainty.
For example you could target 0.5 for a week, then 0.6, then 0.7, etc… Slowly marching up. This gives an incentive to stick around rather than run for the exits.