I'm no genius so feel free to pick holes where you see them. I've been thinking about USTC repegging as I believe this is crucial to the revival of LUNC. People seem obsessed with increasing the burn tax and imo they generally see this as a priority over repegging USTC.

Problem: The way I see it there are two challenges to the repegging of USTC. The first challenge is reppeging to 1USD and the other is maintaining the peg once it has been achieved.

Possible solution: Instead if using the 0.5% tax to burn LUNC, why not use the tax to buy USTC. Once said USTC is purchased, lock it up for use as future defence against another black Swan event. This way USTC circulating supply will decrease and slowly head back towards its peg at the same time as accumulating funds to protect the peg once it is achieved.

I'd love to hear thoughts on this from others here.