Crypto Roundup by DJKupo 4/17/22 Terraform Labs ‘Gifts’ $880 Million in Luna to Luna Foundation Guard (The Block) “Terraform Labs has gifted 10 million LUNA ($880 million) to the Luna Foundation Guard to help boost the stability of the stablecoin UST. The funding will likely go toward the foundation’s goal of acquiring additional collateral — so far in the form of bitcoin (BTC) and avalanche (AVAX) — to underpin UST. It may also be partially burned to help maintain UST's peg to the US dollar.”
Crypto Roundup by DJ Kupo – Week Ending 4/17/2022
Crypto Roundup by DJ Kupo – Week Ending…
Crypto Roundup by DJ Kupo – Week Ending 4/17/2022
Crypto Roundup by DJKupo 4/17/22 Terraform Labs ‘Gifts’ $880 Million in Luna to Luna Foundation Guard (The Block) “Terraform Labs has gifted 10 million LUNA ($880 million) to the Luna Foundation Guard to help boost the stability of the stablecoin UST. The funding will likely go toward the foundation’s goal of acquiring additional collateral — so far in the form of bitcoin (BTC) and avalanche (AVAX) — to underpin UST. It may also be partially burned to help maintain UST's peg to the US dollar.”