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3232Demand for UST Keeps Rising, Luna Foundation Guard to Burn 4.2 Million LUNA From Treasury
https://www.digit.info/demand-for-ust-keeps-rising-luna-foundation-guard-to-burn-4-2-million-luna-from-treasury/
Fri, 11 Mar 2022 16:30:45 +0000https://www.digit.info/2022/03/11/demand-for-ust-keeps-rising-luna-foundation-guard-to-burn-4-2-million-luna-from-treasury/Read more]]>The Luna Foundation Guard (LFG), a nonprofit organization, has announced new measures to keep the supply of UST, the flagship stablecoin of the Terra ecosystem, liquid in secondary markets. The protocol has already reached the max issuance of UST per day, but demand is strong enough that the foundation will have to burn more LUNA […]
]]>Luna Foundation Guard Raises $1 Billion to Safeguard UST Dollar Peg
https://www.digit.info/luna-foundation-guard-raises-1-billion-to-safeguard-ust-dollar-peg/
Wed, 23 Feb 2022 14:30:34 +0000https://www.digit.info/2022/02/23/luna-foundation-guard-raises-1-billion-to-safeguard-ust-dollar-peg/Read more]]>The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the token has an algorithmic method to maintain its dollar value, this decentralized reserve — which will be stored in BTC — aims to […]
The Luna Foundation Guard (LFG), a nonprofit organization, has announced new measures to keep the supply of UST, the flagship stablecoin of the Terra ecosystem, liquid in secondary markets. The protocol has already reached the max issuance of UST per day, but demand is strong enough that the foundation will have to burn more LUNA […]
The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the token has an algorithmic method to maintain its dollar value, this decentralized reserve — which will be stored in BTC — aims to […]