I hold a lot of worm-ust on other chains, mainly fantom, what to do with those worm-ust?
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My take is the same as above, the ust holders at new new launch will get tokens, not back then.
Yes… I’m sure it was to “help luna”, who are you trying to BS?
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What a crazy few days it’s been. UST depegging has shook the whole market.
One thing people need to realise is that wasnt Do Kwon’s fault. Do you really think this guy wants everyone to lose their investments? Everything Do Kwon has worked to build has been desimated in what 24 hrs.
Yes Do kwon has made money, as did a lot of people, but no one expected this. He’s trying to think of any viable solution at this stage.
Its a utter shame that a evil individual or individuals planned and orchestrated this attack on UST. They’re the guys to blame. Out there someone made a hell of a lot off the back of this. The truth will eventually come out.
I’d never even heard on terra until about three days ago, all I can say as an outsider looking in, this community looked so positive, with all of the functionality and developments i’ve come to learn about, researching over the last couple of days, it’s a real shame and this will leave a lasting mark on crypto no doubt. I know it’s already feeling like the end of the world for some people, but if there is a way back from this, even if it’s just saving LUNA is that not worth a shot at least?
We’re all human. All of us, Do kwon, all of us. How can one person like Elon musk hold enough to fix this. But the crypto community as a whole, not just terra, everyone not rally together to save this project.
If we restore UST to its peg. Such as everyone buying into it and locking the tokens and releasing wallets bit by bit, completely voluntary agreement would that not work ? Or someone helping restore the peg and being locked into a vesting schedule ? Crazier things have happened in the world.
I do believe theres a way for Terra to atleast make a comeback and i hope for all investors it does. Money aside, it’s awful to throw the friendships and connections away, that have been built on terra and through it’s community, something with this much faith and dedication didn’t deserve to be attacked. Why has humanity always got to destory it’s on progress.
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I was holding BTC and ETH on Mirror Protocol before the de-pegging event. I converted it all to LUNA towards the end of the de-pegging event (LUNA was worth around $1 - $6 at this time). After losing a large portion of my LUNA, I withdrew entirely from the network. I would have converted back to Mirror Protocol but I assumed it would fall apart like LUNA. Unfortunately, it seems like I will be receiving nothing from this airdrop.
A small portion given to those who had LUNA before the chain halt instead of only those who held at “the final moment” would be appreciated since these users also attempted to provide stability to the network. This was already outlined in the previous proposal. And/or possibly small compensation to those who used Protocols that were built on top of the LUNA network before the de-pegging event.
But how would you know who invested in luna before the crash ? I was one of the many other users that keep buying luna and she went to zero all the money goes to 0 with Luna ,does this make us rebuild new system or recover our loses ? How exactly you guys manage to give this tokens ? We have for example 1m buyers is it 1m/400m or based on the value of Luna
When de-peg started I had one part of my UST on Station Wallet and the rest already on Binance.
I’m holding all my UST on Binance now. Should I move them to Station wallet again or just stay like this?
How much is needed bottom line to revive the peg? What would this mean for luna ?
Could all the minted luna be burnt ? Would that but lunna and UST in balance ?
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I staked on anchor before the event and two days ago I unstake it and move it to binance but I didn’t sell.
So I still hold 60,000 UST bought at the price of 1$ right now on binance which is now worth only 6000$.
In this case do I still get the allocation? and do I have to move the UST back to terra station wallet? Please advice
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Current chain is dead. Traders will keep shorting it if we try to throw more money to re-peg. It’s impossible at this point unless someone steps in with billions. But why would they? It’s so risky now. Better off forking.
yes i’m just trying to make fun of a shitty situation i find myself just that
Luna holdings acquired after hyperinflation began MUST be inversely weighted so that they do not result in an inordinate share of the new network and dilution of pre-hyperinflation Luna holdings.
You do realise that this project and this mans ‘I’m untouchable’ management of it is the reason behind a huge amount removed from the crypto market cap.
A massive negative publicity boost for the entire crypto domain and the subsequent loss of people’s savings.
Was it sensible for people to invest so heavily, probably not.
Does this person deserve any kind of positive praise over their actions during or as result of this debacle.
That’s going to be a big no from me.
He got spanked by the big boys as a result of running his mouth. All at the cost of everyone else and just for his own egos sake.
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I cant believed you both lost such of that amount of money. Im glad that I never bought any Luna even Wrapped Luna when it was at $30 or $100 per token. I mean, if I really understand how that token works and have meaningful projects or useful in real life then I would purchased it. Never been a big fan of stable coin unless if they got high apy.
@dokwon Could you start by explaining the exact root cause of the problem with on-chain and timeline evidence? And how is this going to prevent it from happening again? That’s more important than repeating what everyone already knows and then proposing a solution that violates immutability without explaining the cause in detail. My understanding is that there was a lack of UST liquidity in Curve, someone sold a big amount, so it de-pegged there and then everyone started selling.
Then if you do rollback the blockchain maybe at least keep all the liquidity only in Terra chain and also don’t allow selling more than certain amount every certain time to avoid de-pegging.
If that’s what really happened, keeping all the liquidity in Terra chain would have been enough to prevent the issue. And allow the ecosystem and liquidity to grow enough so that if you move some to other chain, it is a huge amount and no one can move the market (plus the same rules of not selling too much at once are implemented in the other chain).
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If you read the proposal… yes. If you have UST, according to this plan, you will be entitled to the new token.
so can I just leave it on Binance? or do I have to move it to terra station wallet?
Kwon is the problem and he needs to go to prison and be left destitute. He rugged millions of people and will NEVER be able to live this down. I hope you rot in jail
It’s true. The sooner Do Kwon realizes that he is the sole reason for Luna’s downfall the better for us.
But I’m afraid he’s so self-absorbed that he won’t see the truth.
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Some have been stacking thousands of luna for over a year and gamblers who took advantage of depegging and bought millions at the last minute should be better compensated? really ? to be fair, consider compensation proportionally to stacking volume but foremost DURATION, it’s the minimum.
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