Options 2 and 3 in tandem seem to be the best option. Pick a side and then allow those who disagree with the choice an opportunity to sell back their LBI. Anyone left holding it either didn't pay attention (and that's on them) or is knowingly now along for the ride.
That seems better for the overall longer-term health of the fund. If that means you go all LEO and need to sell off DUO and other tokens to do that, then it is what it is.
I plan on holding regardless, but don't let my one opinion sway you.
!BBH
!PIZZA
!ALIVE
RE: LBI buy back???