UST is a STABLE COIN and the original UST holders should be made whole.
These are people who held UST in their Terra account before and after the depeg, up to a certain point in time, eg. till the first halt of the Terra bloackchain.
How UST holders are made whole will speak volume of Terra’s integrity and is critical to build trust and confidence going forward.
To me the following proposal makes sense with the above holding period applied – [Proposal] Tiered repayment: airdrop USDC/USDT to small UST holders on Terra - Governance & Proposals - Terra Research Forum