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Couldn't one argue that up until the burn mechanism was disabled, anyone selling under peg did so at their own disclosure? As the promise of swapping 1 UST for 1$ worth of Luna was available and working.
Transactions were slow/failing due to several validators randomly shutting off and the oracle price was inaccurate. There were also bots arbitraging seigniorage heavily. And then you have to account for the time it takes to move over the LUNA and sell it before it dumps harder.
Yeah I’m not saying they shouldn’t be compensated (as you know!) but hard to intellectually justify a claim based on holding a UST if you don’t actually have it. Claiming for loss arising from having sold it at a discount is a separate analysis.
I know exactly what you mean and mostly agree - just pointing out that the burn/mint mechanism wasn't "working" [that well] especially for an average retail user
I understand what you mean, it's an extremely complex issue, but we'll see people that sold at 0.90$ want the same level of compensation that those that held until now or 0.10$, claiming they lost, which is not false just not entirely honest
They would absolutely not have that in any just world. The question is whether it is just for those who provided exit liquidity at a discount to also benefit.
yes, you send ust from @alice_finance to terra station, buy Luna and send to crypto .com all while price is dropping like crazy. then crypto .com shuts off deposits while they are going through. $1000 when i swapped was less than $5 when it finally arrived?
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