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)
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Replying to @FatManTerra
It is impossible to calculate in this way. Just to ensure who has the right and the amount to claim. 1. For people who not sell, claim dollar with they UST. 2. For people who has sold, they could buy back the same amount UST to claim dollar or give up this right.
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Replying to @946761481
This is a good idea, but since we can get exchange's cooperation, we should fully mitigate the double reward problem (eg. what if someone sells at $0.30, buys back at $0.01, redeems 1 USD, and makes a tidy profit at the expense of all other UST holders?)
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Replying to @FatManTerra @946761481
Based on available compensation funds might be good idea to set a sell price threshold for compensation. E.g. who sold at 0.75+ might be in far better position than others with current position. So filter out those above threshold and compensate below to at least balanced level
1 reply 1 retweet 3 likes
That is a great idea if funds are low, yeah
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