As long as those of us who put ATOM or OSMO into LUNA liquidity pools on Osmosis Dex are also compensated! Obviously we did it because we believe in all the projects on IBC. 
Terra Revival Recovery Plan
This plan aims to expand on Do Kown’s plan while more accurately matching the distribution to the investment and commitment to the Terra Ecosystem. For any plan, some will deem it unfair for some reason or another. We cannot let that fact stop us from implementing an ecosystem for everyone to profit. The Terra community and network of apps are too exceptional to abandon.
Using Do’s plan as a starting point, the transaction history for all Terra addresses will be processed to determine distribution amount.
Validators should reset the network ownership to 1B tokens, distributed among:
400M (40%) to Luna holders before the depegging event (last $1 tick before the depeg on Binance should be reasonable for snapshot block), bLuna, LunaX and Luna held in contracts should also be recipients, minus the Terraform Labs account at terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6. The new chain should be community owned. Preserving decent ownership of the network in its strongest believers and builders is important.
100M (10%) Luna buyers after the depeg and before the halt – last minute marginal Luna buyers should also be compensated for their role in attempting to provide stability for the network. This tranche should be implemented as a sliding scale depending on entry price and the post purchase activities. Higher Luna entry prices not only require larger investments they also have a higher impact on peg maintenance as more liquidity is provided. For example, entering at 1/2 of the Luna prepreg snapshot price and holding until ¼ of the snapshot price results in a quarter of the loss of someone holding from the snapshot until halt. The token distribution should aim to represent this as well. However, not all trades will qualify. In other words, the Luna token distribution will recognize attempts to support repeg and will also recognize when the attempt is abandoned. Repeated peg arbitrage trades that result in a loss should also qualify considering the strong commitment to recovering the peg.
Luna buyers after the halt will not receive tokens in this plan. After the halt, the peg mechanism is known to be no longer running. Buying at this time is not defending the peg and is of little benefit to the ecosystem. Additionally, extreme amounts of Luna can be accumulated with very little investment. The priority is to repair the original investors and the supporters of repeg.
Marginal Luna Buyer’s Distribution Math:
The aim in distributing in this tranche based on commitment to recover the peg.
Qualifying Portion = (Qualifying Luna Investment) – (Negating Redemptions)
Qualifying Luna Investment = (Number of Luna Tokens bought) * (average entry price)
All Luna investments qualify including derivatives/staking tokens, bLuna, Lunax etc.
Negating Luna Redemptions = (Number of Luna Tokens sold) * (average exit price)
All Luna Sales will negate except for trades to Luna derivatives and staking tokens such as bLuna.
Token Distribution Amount = 100M *(Qualifying Portion / Sum of all Qualifying Portions)
250M (25%) to UST or derivative/staking (ie aUST etc) holders before the depegging event. UST holders that held throughout the depegging until halt are the strongest supporters of the ecosystem. They have the highest cost basis for UST need to be made whole as much as possible as they did not contribute to the UST liquidity surplus crisis. This should include UST ported to other blockchains such as ETH, Fantom, AVAX etc.
150M (15%) Any UST at the time of network upgrade, to proportional net investment. This will provide a potential future value basis, justifying continued holding UST.
UST Distribution Math for network upgrade tranche:
Qualifying Portion = Qualifying UST Investment
Qualifying UST Investment = (Number of UST Tokens held) * (average entry price)
All UST investments qualify. Pre-depeg UST holders will have: average entry price = 1. UST purchased after depeg will be subject to the entry price adjustment in transaction history.
Token Distribution Amount = 150M *(Qualifying Portion / Sum of all Qualifying Portions)
100M (10%) to the Community Pool to fund future development.
All Luna besides the fourth tranche should be staked at the network genesis state.
The network should incentivize its security with a reasonable inflation rate, say 7%, as fees will no longer be enough to pay for security without the swap fees.
Terra does not control centralized exchanges. This plan will be given to them and the appropriate tokens delivered to their custodial wallets but it shall be the responsibility of the exchange to execute distribution correctly to their clients.
4 Likes
Before the second stop of the terra chain, the speculators at the bottom had made 100 times the profits, and they owned hundreds of millions of luna. If they also allocate 10%, I don’t think it’s fair. I think it should be before the terra chain stops for the first time
the only jail that you saw is in a movie.
Very good question and I would love to find out if you learned anything new.
So you think UST holders should get paid twice? Lots of them fled UST for Luna. Why do you think the crash happened? It was a flawed product for UST and LUNA holders and exploited by individuals with insider knowledge about how and when to orchestrate these attacks. Both UST and Luna holders need to be made whole in the best way possible, and that includes people who selflessly bought to the bitter end so people could pull out capital and salvage their life savings. You are not seeing the fiorest for the trees. Not everyone who buys dips is greedy, just like everyone who sat at the top collecting rewards is greedy
2 Likes
You need to seriously define “CHAIN HALT” and “THIRD TRANCHE” you literally are using obscure words. The chain halted MULTIPLE times.
Chain halt SHOULD be FINAL chain halt. As in HALT THEN FORK. You had trading resume on us.
I object to doing so. Seek investment and burn, correct mistakes and restore economic activity of Luna. Don’t treat Luna as a corpse to share among those who have fled.
3 Likes
I’ve got 150 LUNA but it’s on CEX and it got delisted, how can I transfer my LUNA, I can’t even see it now 
please help
The most important thing is to pay the compensation for UST holder before depegging event!! They lose they life saving because UST depeg.Most of them have to sell UST with depeg value because it better than zero. If you don’t compensate this people will alway hate you. For Luna,it does its job to help prevent UST depeg. Not fair to compensate to Luna holder. You should focus on people who lose money because ust depeg.
A snap shot of UST and aUST holder can be a good way.
This is the core of Terra and what your promise but it had been destroyed.
You will regain trust and people will support you again if you pay the compensation to them!!!
5 Likes
If Luna is a crypto monument, resurrect it from the dead, burn it down.
If you regenerate a new token, no one will believe it, like a second scam.
1 Like
Sir DO,
-
I think the best solution for all Luna and UST holders are to distribute the coins according to the amount they’ve spent to buy those coins which they STILL hold unto till the very end. Those who sold Lunas or UST shouldn’t be compensated. It’s not fair for those who trust and hold unto your coins till very end.
-
How can that who bought Lunas at 1$ to be equalize to those Luna at 50$ or more?
-
Compensation aka distribution of coisn shouldn’t based on when they bought, logically n ideally should be based on the amount they’ve spent to buy your coins who still kept the coins until now.
-
Also, those who bought Lunas should be compensated more than that of UST. Could you put yourself in our shoes, those who spent literally their whole life savings buying Lunas costed 100$, which in the very end dropped to almost 0$?
I guess all funds from Luna literally spent on to save UST. Could anyone explain to me why the heck UST should be prioritize before Luna? Im new to crypto. Despite of anything, i think it’s not fair to Luna holders.
Thank u.
While I also lost a lot more on LUNA than UST, I don’t agree with your reasoning at all:
-
You don’t seem to understand the difference between equity and debt. LUNA is equity, UST is debt. LUNA has much higher upside and much higher downside, if you’re not OK with the downside, you shouldn’t be investing in equity. The upside is for those who have the risk tolerance for the downside. This is how it works in EVERY market, not just crypto. You seem to want your cake and eat it too.
-
With the amount of LUNA that was generated/bought over the last day, no amount of burning would help. We’re talking orders of magnitude here, not a few percent. The speculators who bought yesterday would have 10000x as much LUNA as you anyway. The best way to look at it is that your existing LUNA is lost to a glitch. And the only saving grace for us now is that we get to invest at the start again, our existing money is already lost. Even the “compensation” Do Kwon proposed will return back pennies on the dollar to the investors, it’s like a class action lawsuit, you’ll be lucky if you get $20 worth of new LUNA for your 120k. We’re literally squabbling over pennies in this thread instead of focusing on rebuilding the chain.
1 Like
If they start anything new without fixing luna, they are finished.
2 Likes
Not before the depegging event, this would allow those that sold to double dip whilst those that bought after the depegging event get nothing. Those that sold UST sold their assets. Those that hold UST should be paid 1USD. The time does not matter.
What about all the people who bought Luna at the bottom? some of them have made over 10,000x on their investment on the dead cat bounce?
This really destroy my life
Every time i see my parents face, verry hard to me hold my tears
I don’t agree with this idea, there are a lot of people providing liquidity on @osmosiszone, how are these people’s interests guaranteed when their assets go to zero due to holding LUNA?
actually anyone who bought this at the bottome probably made more than a lot of people did when this was hyped up?
Luna is up almost 2000% now from yesterday???