• Do Kwon sent three tweets about the death of the LUNA token.
• Kwon shared how he intends to revitalize the ecosystem through a blog post.
• Kwon concluded his remarks by admitting that UST is not as successful as he had hoped.

Do Kwon, Terra’s founder, has finally ended his silence after being uncharacteristically quiet over the last few days. Three tweets were posted by Do Kwon on May 13 regarding the death of the LUNA token, and the related stablecoin, UST.

In one of the Tweets he expressed his remorse about the current situation when he said “I am broken about the suffering my innovation has caused you all.”

Kwon shared how he intends to revitalize Terra’s ecosystem via a blog post. Kwon also admitted that UST had lost trust in the community and he plans to restore Terra’s role as a decentralized eco-system.

Terra’s growth has always been tied to UST, but with the demise of the coin, Kwon states that the community should now move their focus on how the general ecosystem would be able to continue to grow.

Kwon recommended that the community should also try to “incentivize its security with a reasonable inflation rate, say 7%, as fees will no longer be enough to pay for security without the swap fees.”

He supported his recommendation by stating that the stablecoin holders have to own a large part of the network because they were the network’s debt holders. He said that those who were able to hold stablecoins before the attack need to remain in the network to provide value for the ecosystem.

Kwon concluded by admitting that UST was not the success he was hoping it would be, but there is no reason why it can’t fulfill his original expectations sometime in the future.

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