UST’s depeg does not make mathematical sense.
We all bought UST with real dollar on a 1:1 peg, even Anchor has paid a 19% yield on the deposited UST in the past 1-2 years (?), the value in UST deposit should not have been diluted so fast as to now each UST is worth only $0.11.
How the value in our hard USD was diluted (and possibly siphoned somewhere else) while deposited as a pegged ‘stable’ coin, is in question.
Terra may not be able to offer UST depositors an answer, but it owes its UST depositors their money back.
It is not always about doing things right. (Clearly not everything has been done right.) Now it is about doing the right things.
The following proposal makes sense, if applied to the UST depositors who had held UST all the way until days after the depeg, before the halt of the Terra blockchain– [Proposal] Tiered repayment: airdrop USDC/USDT to small UST holders on Terra - Governance & Proposals - Terra Research Forum