Just kick the machine backwards. Start converting UST to LUNA and burn it all. You just need to kick the swap in the reverse direction, this way UST in their coffers buys and burns LUNA continuously until there is no UST left. Should not this work?
It’s oddly weird they yesterday announced that all further news regarding everything happening with Terra Luna will only be published within that Twitter account. Literally next tweet updating the status regarding anything is on an outside account, although real.
Sounds more-so planned self-FUD so they can start doing buybacks & burns on lower positions, as most vultures exit seeing no hope. Just speculating as it’s oddly weird. Not even a single tx id, only words.
You have two options:
- buy back luna and burn
- burn the 1.8b ust
Both achieve the same, but burning ust is much easier then the other
Didnt u check their tweet?
They have 80m$ left only lol
80m left in $, but what OP says is that they can buyback LUNA directly with the 1,8B UST they still have.
They have transferred their assets from BTC to UST ($1,847,079,725). Why not liquidate the UST and initial the major burn. At the current price of $0.00019 with the UST balance they have they would be able burn all the excess supply (theoretically) and then some.
$LUNA burn is not the answer, $UST burn is [Proposal] A Better Way Forward™ = TFL pays back $UST by burning excesses, NO FORK