Make luna deflanatory only, use the btc reserves to buy the excess luna in the exchanges and fund the luna pool to allow ust holders to exchange their ust for luna
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do kwon must go
there is nothing new and good with him and his team
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There is also people who bought at 0.5$ and kept it till 0.1$ and continuing keeping it. It’s not that simple buddy
No I actually think i am right. Cause I am. Just because you threw all your capital into it doesn’t mean that other people didn’t and where taking profits as a rational investors. You are right not everybody has extra funds, but they did use those deploying capital as exit liquidity. I think it is you that is out of touch.
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Is the only proposal that you should deploy, as soon as possible as many people are killing themselves day after day.
Save their life, give them their UST savings back.
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No, you’re incredibly out of touch for not being able to do simple math: you can’t steal from ONE liquidity pool to bolster ANOTHER pool (your own) as it tanks to $0, all the while minting the sh1t out of us and diluting our value to try to collateralize/peg your UNstablecoin “UST.” You deserve what you got.
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I agree. Everyone should be contributed with the amount they invested and quantity should be same till at least 1$ of LUNA
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I don’t agree with this plan.
LUNA and UST are too widely used, I assign LUNA and UST to anchor, osmosis, Mars, Binance, Kava, etc. I believe many people are like me. After depeg, speculators profit from it, they should not be on the list.
Although I have a big loss this time around, decentralization is still the goal and this is a big milestone for cryptocurrencies.
Hope everything is fine!
Best wishes
UST Holders need to be made whole, but only those who hodl BEFORE the event. Otherwise wouldn’t people who bought UST after the depeg at the bottom be abusing the distribution rewards.
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So your plan is saving the rich, making the rich richer and ignore all the “poor” people ?
Makes sense since you can only get big with rich people. No investor gonna invest if you don’t focus helping the rich ones.
Is this official or…?
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But will you still try to regain peg for UST? Or you are planning to airdrop LUNA to UST Holders and forget about UST?
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what about aUST holders on anchorprotocol ? i hope they are are part of 400M (40%)* to UST holders
please answer
thanks
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At this point, only big money speculation can save some of our money
With this proposal he probably will go away because this is so unfair that it could lead to a chain split.
@dokwon so a someone that speculated and bid 1 UST when $LUNA was trading at 0,001 (= 1000 LUNA) shoud receive the same new tokens than some who invested 100.000 UST when it was trading at 100? Come on dude I think you can do better.
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I’m missing a story for the stakers. These were the most loyal participants and were completely stuck when the loose Luna’s were sold en masse
@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.
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Please talk to binance CZ. He has a good plan
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Sounds like a bad idea to me.