@dokwon ,
You advertised UST as DEBT and this is a bankruptcy so DEBT gets paid first. Where is the BTC that is bought and advertised as the reserves? I want to convert my UST 1:1 on BTC/USDC/USDT at market rates and it should work on FatMan proposal [Proposal] Tiered repayment: airdrop USDC/USDT to small UST holders on Terra
You can cover 99% of little guys that lost everything with that proposal and restore good will instead of bailing out the whales.