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Mod.hl|Feb 17, 2025 08:59
the libra funds should be used for a pro rata refund based on pnl at the time of the milei tweet disavowing the coin
buying back into a dead coin makes no sense and will just further enrich a small few who front run the buybacks
also, @JupiterExchange and @MeteoraAG should contribute at least 100% of fees earned from the launch to the refund effort and ideally significantly more than that amount.
likewise, @KelsierVentures and @KIPprotocol should contribute 100% of any profits made from the coin whether directly or personally via side wallets.
ofc this won’t make everyone happy, but it’s the best resolution possible given the circumstances.
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