Crypto-Follow logo Crypto-Follow logo
Ethereum World News 2022-05-09 19:27:59

The Luna Foundation Guard Loans Out $750M in Bitcoin to OTC Trading Firms to Protect UST’s Peg

Quick take: The Luna Foundation Guard (LFG) has announced an elaborate plan to protect UST from depegging The plan involves loaning $750 million worth of Bitcoin to OTC trading firms the help protect the UST peg LFG will also loan 750 million to accumulate BTC as market conditions stabilize The traders that take up the loans will trade on both sides of the market to avoid depegging and protect UST from the ongoing volatility The Luna Foundation Guard (LFG) has […]

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer