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Reasonable response #2: Do Kwon is deploying capital. It's just a temporary depeg. It's much worse than anything we've ever seen, but he wouldn't brazenly lie on Twitter about reducing debt overhang and repegging UST, right? You can't sell now and lock in a massive loss. (6/8)
If you sell now, you admit defeat. What if UST suddenly repegs after this 'capital deployment'? That would be terrible and you'd lose everything you worked for for sure. It's better to hold: the repeg is coming any moment now. LFG is deploying capital to defend the peg. (7/8)
And, scene. Both of these are completely rational responses to the crisis. Both groups lost too much. I believe both should be taken into consideration and should be refunded *exactly* what they lost pro rata. Did you sell at $0.30? $0.70 refund. Did you hold? Full refund. (8/8)
PS. Ethically, our first priority should be pre-depeg savers who bought UST at $1 (they paid $1 and expected nothing more than $1 back per token). Speculators who bought UST (a now suddenly speculative & volatile asset with a fresh risk profile) at $0.30 can take a backseat.
Let’s be honest, strippers give more reliable financial advice than Do Kwon….I think he said stay strong just before everyone lost their money
I think % loss should be irrelevant, since loss is loss and should be recouped, those who did better than others did so by taking risk too, so should be rewarded
I am the one
There are a third option: You want to sell but Mirror or Aperture locked your funds. They released the funds when UST worth is 0.
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