I have a proposal. A strategic revitalization.
1- Determine the moment as “Overcoming” and ask for the union of the whole community, after all, that’s where the true value lies
2 - Create a long-term stake for luna and UST. anchor held 18b before we lost the PEG. it is because there is interest in keeping.
Thus, we will determine a deadline so that we can gain time and without needing so much liquidity.
That timeframe can have a vesting so it doesn’t do too much damage again. and this vesting can be associated with the liquidity obtained in that time and can be changed by voting.
So we can see what is really on the market, to solve.
That needs liquidity.
3 - Close the 1:1 conversion between terra and luna until reaching the PEG, avoid further damage to the luna and withdrawal of value from the economy by panic.
Luna buyers can return without fear of the weight of the UST.
4 - Create a pool with what’s left of the economy, plus new investors, to buy back the UST in balance, from whoever wants to get out at any price.
UST that will return to the market at 1:1 - guaranteeing a reward to investors and the economy.
Ex: If the pool is 500 million and there is 5B of UST on the market, the exit guarantee is 0.1 and whoever is in a hurry will assume the loss.
On the other hand, we rest all earthlings, who block the way to the PEG for fear of total loss. There is now a lighthouse, it is not ideal, but it is possible for the moment of overcoming and it will improve.
5- Fees are now charged only in Luna, until PEG is guaranteed, with Oracle at the values practiced now, to guarantee quick liquids to those who develop, bring volume to Luna and make Luna necessarily useful.
Adjustment treatment on the moon…
These treatments are never fair, the fairest possible would be, minimize the recovery time for those who didn’t sell and all the lunas from day 10 onwards will be automatically eliminated,
Then the real work begins, we take the price at the end of the 10th as a reference, something around 18$. each Luna purchased later is only available again with a print of the transaction made on the Exchange, and the amount purchased in $ is converted into coins in the proportion (amount in $ purchased / 18$), so we would have only less than 500,000,000 Lunas , printed.
Transactions that came from Exchange, but were purchased before the 10th, are returned in one piece. Transactions between personal wallets in these lost need tracking verification, up to date of transaction before the 10th and see that it does not go through any known buy and sell location.
This well done in contact with the Exchange, you can even not need prints and be automatic. It’s a challenge, and why not?
That’s easy to do, not much, but I think we should try with all our might, to put back as much justice as possible, sorting out the shit that’s been done these past few days.
After all, this is a moment of overcoming.
6 - When the UST recovers the PEG and liquidity is possible, it reopens the Luna/Ust 1:1 cross-liquidity conversion, but:
- important to create a protection that closes, or exaggerates the spread, in UST/Luna 1:1 conversions, and when it reaches a value that can be arbitrated by Terra, with the liquidity provided in the pool at point 2. Make this arbitrage available on the platform TERRA, for those who want to leave in a hurry can leave without panic of losing everything.
The ideal is to obtain a liquidity that allows a value close to 1:1 for the UST, available in the market, to the point of not needing investors, and being able to arbitrate everything that goes above and below 0.03 points, of 1. This is how it ends the total weight of ust on Luna, sometime.
Remembering that you were the ones who built the problem, but I know that it was useful to grow the community, now it’s time to adjust everything to never fail again and not lose the community created.
Where are the men on, TERRA?
It is never too late to leave our legacy on planet TERRA.
It’s all been talked about, but I’m available to present and discuss all possible details and all the crossroads that we can find.
.
Is there a better challenge than overcoming it?
Or are we going to throw it all away and share just a few sweets for each one, go back up and down again.
Yet how many victims have we left behind?
The division proposed by dokwon seems to me a bit lazy, like just a reset.
Are you really worried about who’s been harmed, dokwon?
Get this to the dokwon if you think he should see it…
There’s no way I can get to him if we’re not all pushing this.
My contact is:
I have no losses in this project, I am not emotionally affected.
I just think it’s possible to do better and I can help.
There is a whole series of objects, which allow faster recovery, but they are details that do not fit in this simple presentation.
My contact is:
[email protected]
I only respond to TERRA team members.