This proposal is DOA.
The highest priority, @dokwon , is to restore trust by making whole those who had a reasonable expectation, fueled by your marketing and your promises, of safety and stability.
Any attempts to reconstitute the network, or a different iteration of the network, will just end up fugazi pixie dust and be doomed to fail unless you reimburse loyal UST holders who you ASSURED would be OK.
No one will trust you until that happens. And no further building will be possible until people trust you. Your reputation will be irredeemable and you will join the ranks of Bernie Madoff and Elizabeth Holmes.
Do the right thing and work with us on a version of @FatMan 's proposal: [Proposal] Tiered repayment: airdrop USDC/USDT to small UST holders on Terra