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FatManTerra's profile
FatMan
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@FatManTerra

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FatMan

@FatManTerra

FatMan from the Terra Research Forum I provide research, updates, and analysis on the Terra situation as it unfolds. Views are my own opinions.

fatmanterra.eth
Joined May 2022

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    1. FatMan‏ @FatManTerra May 21

      What does the community feel about a massive decentralized legal fund war chest (raised by issuing governance tokens) to help UST victims seek restitution against TFL via a class action filed in Singapore? Token holders vote on major decisions and are rewarded if the case wins.

      60 replies 35 retweets 169 likes
      Show this thread
    2. FatMan‏ @FatManTerra May 21

      Give me your thoughts and opinions! This is an avenue we are absolutely considering due to popular demand and I want to hear what you think. (The main reason is normal litigation financing wants 4x to 10x their legal costs while this would only be 1.5x to 2x.)

      28 replies 11 retweets 105 likes
      Show this thread
    3. Grant Gulovsen, Esq.‏ @gulovsen May 21
      Replying to @FatManTerra

      Does Singapore have any requirements as to disclosure of litigation funding and/or any applicable securities regulation? Those would be my only concerns. Make sure you flesh that out before you start raising money otherwise it could blow up and that would be messy.

      3 replies 0 retweets 2 likes
    4. Grant Gulovsen, Esq.‏ @gulovsen May 21
      Replying to @gulovsen @FatManTerra

      Also I'm sure you've already thought of this but I would encourage 100% transparency so people who are joining the class know exactly how much of the proceeds that would otherwise be going to them are going to the litigation funders instead.

      1 reply 0 retweets 5 likes
      FatMan‏ @FatManTerra May 21
      Replying to @gulovsen

      Ideally every expense will be documented down to the dollar, lawyers from major law firms will be multisig holders (I wouldn't be included), and token holders would get a standard 2x back if they win and nothing back if they lose. How does that sound?

      5:42 PM - 21 May 2022
      • 7 Likes
      • Patrick Walsh TOUGH_HODLOR The3rd DevotchkaCrypto Prime moonsun Grant Gulovsen, Esq.
      3 replies 0 retweets 7 likes
        1. The3rd‏ @KSBISTSR May 21
          Replying to @FatManTerra @gulovsen

          LFG ;)

          0 replies 0 retweets 1 like
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        1. Emre‏ @Emre30348442 May 21
          Replying to @FatManTerra @gulovsen

          What exactly do you mean when you say “if they win”? How do you determine a win in this case?

          0 replies 0 retweets 0 likes
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