From reading replies on here, telegram and twitter. I think the best solution from reading everyone’s feed back is do the full refund BUT also put the loan amount back to where it was. So with the new 67% LTV and 85% liquidation ratios people can decide to pay off the loan and do what they feel is best. Because if these ratios were in place 48 prior we wouldn’t even be having this conversation and probably could have prevented 80% of the liquidations.
This would also build trust in the community as with such a small user base it would negatively effectively balance with all of these users walking away. The best way to grow is with positive word of mouth. And admitting the system was able to with stand what happens but changes were made and allowing those people get get the funds back to make appropriate decisions with a better working system is the right thing to do. Some people may not agree with it but at the end of the day that is the right and moral thing to do.
At the end of the day if you keep losing users then balanced fails then that looks bad on ALL of Icon. So this decision just doesn’t effect balanced it can reflect on all of Icon.