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Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’

May 12, 2022 by DIGIT
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The Terra Money Twitter account shared the finer points on Do Kwon’s initial rescue plan: expanding the base pool, burning UST and staking LUNA.

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Categories burn, Proof-of-Stake, Stablecoin, Terra
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  • bitcoinBitcoin(BTC)$87,569.000.20%
  • ethereumEthereum(ETH)$2,933.010.18%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$841.490.87%
  • rippleXRP(XRP)$1.861.04%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$123.871.45%
  • tronTRON(TRX)$0.2840941.72%
  • staked-etherLido Staked Ether(STETH)$2,930.730.19%
  • dogecoinDogecoin(DOGE)$0.1232651.06%
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  • bitcoinBitcoin(BTC)$87,569.000.20%
  • ethereumEthereum(ETH)$2,933.010.18%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$841.490.87%
  • rippleXRP(XRP)$1.861.04%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$123.871.45%
  • tronTRON(TRX)$0.2840941.72%
  • staked-etherLido Staked Ether(STETH)$2,930.730.19%
  • dogecoinDogecoin(DOGE)$0.1232651.06%