There has been no mention of any plan for UST post snapshot. There should be a plan.
UST is still listed on major exchanges and there is value in that since top exchanges charge millions for listings. There is also value in the user base and we’ve recently seen proposals from Justin Sun to compensate UST users and bring people over to his project and attract users.
People need a reason to hold UST post snapshot. With a capital injection UST could become a solid stable coin using a classic collateralized model or a hybrid model.
A plan should be formulated sooner rather than later to create a path forward for UST on Luna Classic and perhaps cross chain on the new Luna as well.
Thoughts?