Crypto-Follow logo Crypto-Follow logo
Ethereum World News 2022-05-16 10:42:32

Luna Foundation Guard Declares Remaining Reserves and Suggests Compensation Plan For UST Holders

The Luna Foundation Guard, a non-profit organization that exists to support growth in the Terra ecosystem, has provided an update on its massive reserves. The update comes amid questions from the crypto community following the crash in LUNA and UST prices. LFG’s report also includes intentions to offer a cushion for UST holders after the algorithmic stablecoin lost its $1 peg and fell below 20 cents. The Foundation is looking to use its remaining assets to compensate remaining users of […]

#
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