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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 23

      A dirty move from @InsurAce_io - setting an arbitrary 'claim deadline' after which UST holders who bought depeg insurance cannot get their money back. I know you guys didn't collect premiums for long, but this is how things work - a promise is a promise - don't weasel out of it.pic.twitter.com/5dYuN7hGOZ

      40 replies 43 retweets 361 likes
    2. InsurAce.io Protocol‏ @InsurAce_io May 23
      Replying to @FatManTerra

      This is unfair. We gave users a week to submit (most completed in under 30 mins). We were transparent throughout, and our CMO has been personally answering all messages on Discord since 10/05. It looks like we'll be paying out ±$11m here. Helping people who lost a lot.

      12 replies 2 retweets 25 likes
    3. InsurAce.io Protocol‏ @InsurAce_io May 23
      Replying to @InsurAce_io @FatManTerra

      Stakers withdrawals are suspended pending payout, so we want to move as fast as possible to avoid any undue extended suffering on both sides. This is a huge case study for the entire industry to learn from. We need to support each other, not try to tear each other down.

      2 replies 2 retweets 8 likes
    4. LUNARIONAIRE‏ @_LofiRadio May 23
      Replying to @InsurAce_io @FatManTerra

      Imagine my car insurance called me back after a big accident and said "sorry you called us a half hour too late to file your claim, rejected" while only giving me a 4hr period to call while I'm in a cast grieving and hurting in shock... that's you rn.

      1 reply 0 retweets 4 likes
    5. InsurAce.io Protocol‏ @InsurAce_io May 23
      Replying to @_LofiRadio @FatManTerra

      So you’re saying we should drag this out? Wait for every single claim to come in, possible months or even a year later, and then go through the process? It’s an interesting view, but I think if you joined our discord you would see we have done the best here for 170 claimants.

      11 replies 0 retweets 4 likes
      FatMan‏ @FatManTerra May 23
      Replying to @InsurAce_io @_LofiRadio

      Why don't you pay out claims on an ongoing basis for a couple of weeks? It's not unreasonable that someone is away for a few days or may need a bit more time to prepare a claim - having a strict, early cut-off point smells like a way to save a bit of money on the payouts.

      6:02 PM - 23 May 2022
      • 15 Likes
      • Gepard mk Crypt0Saiyan Degen007 jmo 🌱 Stann Loo 🈹 Chris Hank Kennedy ibr63
      1 reply 0 retweets 15 likes

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