FatMan

Idea: a module implemented into major exchanges that can verify UST claims and calculate exact losses to the cent with one single click. Let me explain how (and why) I think this could work. (1/7)

When a user clicks the button, in the background, the exchange: 1. checks if the deposited funds came from a pre-depg balance via Terra Finder 2. checks how much was sold and what the total loss was (sold at $0.30? Your loss is $0.70) (2/7)

3. if none were sold and UST is near $0, your loss is $1 per UST held 4. a downloadable claim PDF is generated that includes a PGP-style cryptographic signature 5. on a dedicated exchange sub-page, losses can be authenticated by donors/trustees/lawyers via the signature (3/7)

This would be a perfect way to verify exact losses that were inflicted on pre-depeg holders - both for people who held *and* people who sold. On-chain balances are easy to verify, so everything is sorted. Now, why the hell would exchanges do this? (4/7)