Luna lavishes 80,000 Bitcoin, to Revive TerraUSD (UST).
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Posted 2 years ago
by shakiez893
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The Luna Foundation Guide LFG has gone down from owning $3.1B worth of Bitcoin (BTC) in reserves to approx. $87M.
They have spent $3B to pillar the collapsing TerraUSD (UST)network.
This saga was due to a failed algorithmic in the stablecoin TerraUSD (UST) and the token LUNA program that made the coin to experience the worst deep.
Meanwhile, the LFG also promise to “compensate remaining users of $UST, smallest holders first" with the assets they have remaining.
They still have about 40,000 BNB or AVAX 2,000,000 token available in their reserve which was not touched.
Screenshots of Luna Foundation Guide below:
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