you gonna destroy this ecosystem more! This is not a good idea! just remove the newly minted coins!
5 Likes
What should I do with my wLuna and eth network UST? (I believe it’s either wormhole or wrapped UST)
both sit dormant in my metmask. (If anyone has the answer to this please fill me in)
400M (40%) to UST holders pro-rata at the time of the new network upgrade. UST holders need to be made whole as much as possible.
Impossible, there is no reason to watch it go to 0 and not sell it. Please take a snapshot to decide! ! ! !
1 Like
It seems like CZ knows more on how to resolve this mess… Start burning already!
What are you waiting for?
Its the only way to blast off
Burn them !!! (along with the globalists please)
12 Likes
Awful idea, only buying and destroying can restore the people trust to this.
8 Likes
Those of us who support Luna have been buying the entire fall… they have no choice but to create a fee and rebuild from there… and some airdrop for the old holders
What a shitshow and unfair proposal I hope someone take legal action.
2 Likes
Only thing needed here is to slow down the inflation of LUNA. Forget about UST repeg just for the moment.
I read that there was some kind of limit to the amount of mint and burn between UST and LUNA. This was increased to try to bring back the peg. Well could this not be reversed in the other direction so that the inflation will be a lot lower and will allow people to invest in LUNA but still allow some arbitrage which perhaps in the long run could bring UST back? I am not completely familiar with the workings so this may not be possible.
Man i was holding UST since April 15 to stake on Binance. I paid $1.001 each UST. IM NOT THE SAME HOLDER AS THE ONE WHO BOUGHT AT 0.1 OR SOMETHING. YOU NEED TO BE CONSIDERATED ON FIRST IN OLD HOLDERS
7 Likes
Hello everyone, I’m from Ukraine
In the current situation in my country, I wanted to somehow earn a little, but in the end I lost everything, how to continue to live ???
I did not buy coins for 0.001 cents, I tried to save my money
my purchases on Binance
72.85$ 10 coins
64.36$ 9.91 coins
$42.36 3.07 coins
17.38 $ 17.6 coins
6.12 $ 67.97 coins
0.81 $ 109 coins
0.24 $ 418 coins
I’m ready to give some of the coins, but you do it right
refund lost money
You could stop someone from falling before you close the trade
1 Like
Very good offer, you need to separate those who sold UST and those who still hold
1 Like
doesn’t make sense, so you can’t even transfer between wallets to be qualified for this?
I had some Luna, Renluna and UST on a chain other than Terra.
About $1M worth at the time of the depeg.
I sure hope if that proposal goes through that people on all chains won’t be forgotten.
Such snapshot probably won’t be easy to make but if it’s something doable, it better be done right otherwise lots of people will complain
Yes the same panicking paperhands that ran or going to run on the L1 launch to recoup losses. They literally did it before. Giving peg defenders and full holders 10% is a slap directly in their face, they won’t be exit liquidity again for getting a pittance. Then the L1 will collapse as well, peg defenders and holders won’t stand for it. Not to mention they lost 100% of their stuff whilst others got out off their capital and now scream for 40%. This community is dead if this is how we treat them.
2 Likes
LUNA stakers should be rewarded more than gamblers who only bought because they saw LUNA at 0.00001. You are only hating on the proposal because it doesn’t reward you specifically. Proposal is about saving the LUNA ecosystem, not you and gamblers and people who got liquidated.
1 Like
The wluna would be traced back to regular luna on the terra side. So, it should be pretty straight forward to enter the Eth address into a claim form to calculate the share of the luna that would go to the wluna holder. The wluna holder would need a terra address for the claim.
Appreciate it will incredibly hard and loads will be pissed off. Dont really understand the extra effort to make UST debt holders pari pasu with long term stakers who were subject to 21 day unlock. These were are the backbone of the ecosystem.
Luna can regain trust and in time even re brand, get this right and that happen quicker than most think.
Without us, your UST is f***ing worthless. We WERE your collateralization because Do Kwon heavily failed in understanding what it means to UNDERCOLLATERALIZE. You can’t back 12 billion UST with 2 billion in assets that are equally unstable. IT DOESN’T WORK (Dynamic Set Dollar, Empty Set Dollar, Basis, Basis Cash, ZAI and many, many others went to $0). As a result, you used us as exit liquidity when the de-peg happened. LOTS of warnings were put out there that this will be a death spiral (even as long ago as 4 years ago).
Remember who is backing that sh1t, because it was us who carried your exit bags. You do not get rewarded for bad behavior. Hell to the F to the NO.
8 Likes
Yep, rode my Luna all the way to zero but had to liquidate some UST to support myself financially following the collapse
I lost my life saving on Abracadabra money when UST depegged below 0.8