I understand the rationale behind converting the remaining spot assets into USDT and establishing a recovery reserve pool.
However, I believe the current discussion is focused mainly on how to redistribute the remaining assets, rather than further addressing how the protocol itself intends to meaningfully support users’ long-term recovery.
For many affected users, the current remaining asset value represents only a small fraction of their original balances. Converting existing assets into stablecoins may help stabilize accounting and settlement mechanisms, but by itself, it does not materially improve recovery outcomes for users.
I believe the discussion should also urgently include clearer recovery mechanisms, such as:
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Whether a portion of the protocol’s past accumulated revenue should also be allocated into the recovery pool
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What percentage of future protocol revenue will continue to be directed toward the recovery pool
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The scale of support from ecosystem partners — currently, including Tether and strategic partners, there has not yet been a clear indication of how much capital or what percentage will be contributed to the recovery pool
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Whether recovery incentives tied to the protocol’s long-term growth can be introduced, allowing affected users to participate in future value creation
From a user perspective, recovery is not only about immediate settlement mechanics, but more importantly whether the protocol is willing to share responsibility with affected users in rebuilding the lost value.
I believe that a clearer and longer-term recovery commitment would also help strengthen community trust, user retention, and overall confidence in the protocol relaunch.