Do $LUNA whales need a bailout? Vitalik Buterin has called on the smaller Terra investors to be reimbursed while the whales can take “personal responsibility” and cop the loss.
Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra project should prioritize small hodlers as part of any proposed reimbursement plan.tanking 100% and the TerraUSD stablecoin losing its United States dollar peg, priced at $0.16 at time of writing.
all of the initial deposits of small UST holders to “greatly improve general morale and sentiment” while figuring out how to sort creditors and larger investors later. The payout is estimated to cost between $1 billion to $1.5 billion.
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