Source
Terra founder proposes rescue plan 2, proposes hard fork and UST coin abandonment. There are many details in this proposal. Personally, I don't believe in or trust Terra anymore.

Just wait for it to be revealed behind the scenes. There are those involved, including Binance and Gemini indirectly.
This is a proposal only, it has not been officially adopted yet, and voting on it begins on May 18, China time, less than 24 hours later.

Suggestion summary:
The project will be exposed to a Hard Fork, creating a new network without the $UST algorithm.
The old network will still exist as Terra Classic and its currency symbol will be $LUNC.
The new network will be in the name of Terra and its currency symbol ‎$LUNA (the new currency) To clarify, the old currency will remain, the new currency will be distributed Airdrop according to certain percentages.

New currency 1,000,000,000 ‎$LUNA ( one billion) The new currency is distributed as follows:
1- 25% will be for the community pool / as I understand it will be distributed to those who stake their coins,
Staking returns will be 7% annually
2- 1% is for emergencies for core developers.
3- 4% Primary Developers.
4- 25% for $UST coin holders , 10% at launch and the rest within 2 years.

important dates:
17/5 Announcement of the proposal
5/18 vote on the proposal
27/5 Network launch