Hi Do. I hope you’re doing okay.
Please check out this proposal to use the remaining funds as a tiered refund pool to lower level UST holders. I believe it’s the best way forward.
Thank you.
Edit: I’ve reviewed your proposal. I can’t help but feel like it comes off as trying to put a band aid on a dam.
My primary questions:
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Okay, we fork the network. Now what? Why would value come back? UST doesn’t work as intended. Anchor and Mirror broke. LUNA’s name is destroyed forever. Where would the liquidity come from?
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How can you possibly propose giving 40% to old LUNA holders and 10% to new holders? How is that at all commensurate considering new holders got billions/trillions of LUNA tokens at less than pennies on the dollar?
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Most importantly: where are the LFG bitcoins? How many are left? What happened to the market maker loan deal?
And on a more personal level, although you don’t have to answer this - do you feel you have a responsbility to process some refunds to UST holders with the hundreds of millions of dollars you personally enriched yourself with through the LUNA machine?