You sold to a buyer. Your proposal means that the buyer gets nothing for your paper hands. If anything, it should be the other way around. The sellers caused UST to drop in price, the buyers helped maintain the peg. The fairest thing to do is to exchange 1UST for 1USD regardless of the time it was purchased, just like with any other bond. Those that hold the bond deserve to be paid.
If you distribute tokens to those that held UST before the peg broke, you are giving tokens to those that triggered the collapse.
You are distributing tokens to those that fled on the first sight of trouble
My suggestion to is take the snapshot when the peg was at 0.90. What are the advantages of moving the snapshot to peg at 0.90 for the first time :
Those that triggered the collapse had deployed their capital at this point and hence no longer eligible for new tokens
Those that fled at first sign of trouble already sold their LUNA or UST at this point without any major loss. This will prevent airdrops from going to those.
When peg was at 0.90, Luna price was still in $40 range. This also means that you wont be rewarding anyone that bought LUNA or UST when they were dirt cheap.
Vote NO on this proposal. This is a scam proposal to avoid using TFL/LFG’s reserves to compensate victims of the depegging. A Luna v2 as an L1 would be practically worthless and WOULD NOT COMPENSATE UST HOLDERS. Do Kwon and TFL need to keep their promise of protecting the peg, which stopped people from selling as they said they had a plan during the meltdown.
Yes, everything after depeg for whatever noble reasons for, I just couldn’t stand it…it does not make sense to go into hurricane for the sake for helping someone…no way
Everything if compensated, would be before depeg, UST comes first and Luna second.
No plan is going to be perfect and it 's really comes down to the famous Trolley problem.
The Problem has already happened, it was serious, and people with suicidal thoughts arise all over the world, we need a simple solution very fast to relieve the pain that this is causing
If you do backdate the snapshot which i thin is a shit idea, make sure you only reward those that still hold their coins, if they sold at any point screw them
I don’t see a faster way out than a BURN, do something like burn 100 tokens or more per transaction, I don’t know, there are many ideas, there has to be something we can do to save the TERRA
Exactly,
Many people including me holding all UST waiting Do’s announcement since he said he has a plan to repeg UST, and turns out their is no actually plan to repeg it, and all of us who trust Do miss the best timing to exit from this disaster
And now Do’s proposal is to give up the UST repeg, and he even want to only compensate people who still hold UST right now. it’s so ridiculous, all people take a loss during this event should be compensate! UST is a stablecoin, then it should be stable, you cannot blame people sell it after you announce a “recovery plan” and it turns out no recovery…
Actually, you may be able to transfer those tokens via IBC/Osmosis Dex on COSMOSHUB and Keplr wallet. See if you can convert that LUNA into ATOM and then send the ATOM to your Keplr Wallet and then transfer the ATOM to whatever CEX you want to transfer into FIAT.