Terra Ecosystem Revival Plan 3.0 + Collateralization Plan

[ERG]

We cannot in good conscience agree to your proposal. See:

Terra Ecosystem Revival Plan

We do not want to agree to any distribution plan until we see something fundamentally different with your new Terra version 2.0. Your algorithm at minimum should have stopped allowing UST to arbitrate for LUNA the moment LUNA and UST market value were equal or below. Terra version 1.0 is a Robinhood algorithm. It encourages stealing from the rich except users were fine with this assuming the repegging was functional. Somehow your price oracle looked only at public exchanges to decide what the US…