Quite a few people are asking, so here's my long-form opinion on why both UST holders who sold at a loss and people who are still holding UST deserve full restitution. This probably won't interest most of you, but it needs to be explained to those doubting it. (1/8)
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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.
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But isn't it impossible to see how much someone sold for, if it goes from a terra address to a CEX address surely the trail is broken without manually verifying each transaction?
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Totally agreed..T2 plan doesn't consider this, but can be done for ust refund. The question is: assuming that they are able to identify the 3 categories of ust holders you mentioned and considering let say only wallets <50k pre-depeg, is the residual fund enough? I guess not
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Will they be able to work this out? It would be a waste of funds to fully refund people that sold, so I couldn’t agree more with your proposal. A simple snapshot of all holders pre de pegging would greatly benefit those who sold, and those who have held would suffer!
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Of course both of them must be refunded accordingly. Panicking is natural, and everybody reacts differently. But, if we want necessarily to talk about priority, to be honest only one of the two groups contributed to the bank run and
$UST collapse, so this should be considered.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Pro rata , ofc... Wise words, Bravo :)
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Totally agree with you
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This idea is so simple but perfect. I think this is the right path forward. But, it’s probably too late for reconsideration.
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first, you need attention from
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Agree 100%
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