After UST de-pegged on May 9th, causing a cascade effect of billions of LUNA minted, the Luna Foundation Guard disclosed what happened precisely to their reserves which were meant to stabilize UST, keeping it pegged to USD. 1,691,261 $LUNA — LFG | Luna Foundation Guard (@LFG_org) May 16, 2022 However, LUNA and UST prices continued to crash all week. On May 16, it was revealed that the LUNA Foundation had sold 80,082 of its Bitcoin reserves for UST between May 8 and 10, according to a Twitter thread published by the Luna Foundation Guard (LFG). Godfrey Benjamin May 15, 2022 16:00 2 Min Read. The reserves will probably be largely focused in direction of serving to small wallets, and supporting builders and . The Luna Foundation Guard (LFG), the company whose errand was to keep up with the strength of the terraUSD (UST) peg, said it spent essentially all of its bitcoin (BTC) held for possible later use to safeguard UST's dollar stake as it fell. According to a Twitter thread Do Kwon published after the LFG Council "voted to deploy 1.5B in capital" to . The Luna Foundation Guard (LFG) revealed on Monday that the recent Terra crash, and its measures to support UST had wiped out most of its reserves.Its holdings now stand at about $260 million- a far cry from the over $4 billion the LFG commanded less than two weeks ago. #Luna Foundation Guard depleted its $3 billion reserves to try to save UST, it reveals Luna Foundation Guard breaks silence on state of Terra reserves, looks to… theblockcrypto.com According to crypto-twitter community member Luke Martin, the Luna Foundation Guard transferred 52k Bitcoin to Gemini and another 28k BTC to Binance during a period of a few hours. The move was the execution of a code-red strategy LFG had been . Luna Foundation Guard Reserves Decimated By Terra Crash. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development. The UST proceeds will go towards acquiring more collateral to bolster the foundation's non-LUNA reserves. The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent . The crypto industry has been asking where the Bitcoin and other assets went since they moved over 80,000 BTC to exchange wallets last week. Aujourd'hui, i l n'existe aucune information précise sur les réserves prêtées et celles qui sont entièrement vendues. Last weekend, as Terra's UST stablecoin showed the first warning signs of instability, slipping from its dollar peg to $0.985, Luna Foundation Guard (LFG), the nonprofit responsible for overseeing the health of Terra's ecosystem, voted to deploy $1.5 billion in Bitcoin and UST from reserves to repeg UST to the U.S. dollar. The Luna Foundation Guard (LFG), the entity that acts as a resolve protocol for the algorithmic stablecoin UST, has added another $100 million. Luna Foundation Guard (LFG) has disclosed the current state of its reserves, after an unsuccessful attempt to defend UST's $1 peg; The value of LFG's reserves is down to $251.43 million, while it was valued at $3.14 billion as recently as May 7; LFG sold more than 80,000 BTC in its attempt to rescue UST The second largest known holder of Bitcoin revealed its massive reserves have been all but depleted as its creator Do Kwon says he's "heartbroken" over collapse of stablecoin. To try to keep the value of UST stable, the group sold some of the bitcoins it possessed immediately and exchanged […] Luna Foundation Guard Clarifies Reserve Movements. Luna Foundation Guard Updates regarding its reserves. Luna Foundation Guard Member Says Terra Reserves En Route. This is the second most significant move by the Luna Foundation Guard after it boosted the Anchor reserves by $450 million earlier this month. The Luna Foundation Guard (LFG), a blockchain community centered around the Terra network, said it had burnt 4 million LUNA tokens to mint about 372 million of the stablecoin TerraUSD (UST). The Luna Foundation Guard (LFG) broke its silence on the state of its crypto reserves, saying that it would look to compensate users for losses suffered due to the breakdown of its algorithmic stablecoin. The Luna Foundation Guard, which is in charge of maintaining the peg of UST, the Terra ecosystem's stablecoin, has disclosed how it used the available Bitcoin reserve prior to the Terra ecosystem's latest catastrophe. Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.. The Luna Foundation Guard (LFG) revealed on Monday that the recent Terra crash, and its measures to support UST had wiped out most of its reserves.Its holdings now stand at about $260 million- a far cry from the over $4 billion the LFG commanded less than two weeks ago. Now that people from the space have accepted the fate of LUNA-UST, the eyes remain fixated towards the organization's unaccounted Bitcoin . Additionally, the Luna Foundation Guard purchased 1.97 million AVAX to be used as reserves for its UST peg. your username. The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. To try to keep the value of UST stable, the group sold some of the bitcoins it possessed immediately and exchanged […] Its holdings now stand at about $260 million- a far cry from the over $4 billion the LFG commanded lower than two weeks in the past. The Luna Foundation Guard, which is in charge of maintaining the peg of UST, the Terra ecosystem's stablecoin, has disclosed how it used the available Bitcoin reserve prior to the Terra ecosystem's latest catastrophe. advertisement. LFG disclosed that as of May 7, 2022, the Luna Foundation Guard held a reserve consisting of 80,394 BTC, among other digital assets. Breaking: Luna Foundation Guard Reserves Decimated By Terra Crash The Luna Foundation Guard (LFG) revealed on Monday that the recent Terra crash, and its measures to support UST had wiped out most of its reserves. Terra is a decentralized, open-source public blockchain built to support a suite of fiat-pegged, algorithmic stablecoins. The foundation . Right before the UST's fiasco, the Luna Foundation Guard—the non-profit in charge of catering to the health of Terra's ecosystem—kept buying Bitcoin to replenishing its reserves. The organization sold part of the bitcoins owned directly, while another part was traded on different dates to […] Image: Shutterstock Bitcoin's price is down more than 50% from its November 2021 peak and has fallen over 11% today, nearing the . Luna Foundation Guard accumulated over $2 billion in bitcoin reserves and provided a loan of $750 million in bitcoin. The Luna Foundation Guard (LFG) has founded a Bitcoin (BTC) denominated forex reserve in a $1 billion private token deal for Terra's largest stablecoin. The rest of the amount, over $1.2 billion in bitcoin, remains unaccounted for by LFG. Terra (terra.money) is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Last weekend, as Terra's UST stablecoin showed the first warning signs of instability, slipping from its dollar peg to $0.985, Luna Foundation Guard (LFG), the nonprofit responsible for overseeing the health of Terra's ecosystem, voted to deploy $1.5 billion in Bitcoin and UST from reserves to repeg UST to the U.S. dollar. In its latest bitcoin acquisition this week, the Luna Foundation Guard closed a $1 billion OTC swap with crypto prime broker Genesis for $1 billion worth of UST. Luna Foundation Guard Reserve's down to under $200 million, down 85%.. Their BTC and ERC-20s are gone. La Luna Foundation Guard a déclaré que 750 milliards de dollars en bitcoins avaient été déployés sous forme de prêts afin de restaurer l'ancrage de l'UST. Luna Foundation Guard (LFG), a non-profit organization formed to support the growth of the Terra ecosystem, has yet to answer a . The Luna Foundation Guard (LFG) is primarily focused on Terra. At a point, it possessed over 70,736 BTC (worth over $2 billion). Welcome! The Luna Foundation Guard has finally revealed what happened to its $3 billion Bitcoin reserve. Bitcoin reserves held by the Luna Foundation Guard (LFG) have been the subject of speculation as to where all that BTC went during the depegging of UST. How are they going to survive a second attack? The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The reserve was comprised of more than 80,000 BTC. Today's announcement is anything but positive. Luna Foundation Guard deploys reserves In an attempt to restore confidence, the LFG announced Monday it would loan $750 million in bitcoin and an equal amount of UST to a professional market maker to facilitate the arbitrage operations needed to maintain the dollar peg. The Luna Foundation Guard (LFG), the organization tasked with safeguarding the dollar peg of UST, the algorithmic stablecoin of the Terra ecosystem, has broken its silence to explain the use of the assets it had under its custody. The team at Avalanche went on to highlight that this amount represented 0.9% of Avalanche's trade volume in the last week, further hinting that its sale could not cause a massive dump for the digital asset. 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. The UST Forex Reserve can also hold assets other than Bitcoin, as LFG has announced that it will be purchasing $100 million worth of AVAX for the reserve. The Luna Foundation Guard (LFG), official stewards of Terra's bitcoin reserves, released a statement today documenting how they disbursed millions of dollars worth of crypto in defense of failed . The Luna Foundation Guard, which is in charge of maintaining the peg of UST, the Terra ecosystem's stablecoin, has disclosed how it used the available Bitcoin reserve prior to the Terra ecosystem's latest catastrophe. Written by: Delma Wilson May 17, 2022 The Luna Foundation Guard, which is in charge of maintaining the peg of UST, the Terra ecosystem's stablecoin, has disclosed how it used the available Bitcoin reserve prior to the Terra ecosystem's latest catastrophe. The Terra blockchain as we know it has come to its end and post mortem analysis from the Luna Foundation Guard (LFG) shows the not-for-profit organization has almost used up its reserve as confirmed in a tweet shared early on Monday. r/terraluna. The Luna Foundation Guard (LFG), the entity that acts as a resolve protocol for the algorithmic stablecoin UST, has added another $100 million in bitcoin (BTC) to its wallet. This has gone according to plan, with more than $2.9 billion in bitcoin added to the foundation's reserves from the $10 billion in bitcoin founder Do Kwon stated the organization would be purchasing for its reserves. Luna Foundation Guard Clarifies Reserve Movements The Luna Foundation Guard (LFG), the organization tasked with safeguarding the dollar peg of UST, the algorithmic stablecoin of the Terra ecosystem, has broken its silence to explain the use of the assets it had under its custody. 1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets: By Sam Kessler May 9, 2022 at 4:51 p.m. UTC Luna Foundation Guard Has Acquired 37,863 Bitcoins. The organization sold part of the bitcoins owned directly, while another part was traded on different dates to […] The Luna Foundation Guard was established as a non . Avalanche, a smart-contract blockchain, said in a tweet that Luna Foundation Guard (LFG) - the entity behind the reserve fund set up to backstop the Terra blockchain's now-failed UST stablecoin . The reserve was comprised of more than 80,000 BTC. Terraform Labs CEO Do Kwon on CoinDesk TV in December. The LFG had about $2.3 billion in bitcoin reserves, with plans to expand that to $10 . The LFG, a nonprofit organization tasked with protecting the dollar peg of Terra's UST stablecoin, reported early Monday in a tweetstorm that it had spent almost all of its Bitcoin reserves in an attempt to protect UST's peg. The Luna Foundation Guard (LFG) broke its silence on the state of its crypto reserves, saying that it would look to compensate users for losses suffered due to the breakdown of its algorithmic stablecoin. r/terraluna. Luna Foundation Guard Adds to Terra Reserves With $880M LUNA 'Gift' The 10 million LUNA transfer from Terraform Labs is mostly being burned to mint more UST stablecoins. Luna Foundation Guard's Bitcoin reserves down to 313 BTC Prior to the collapse of the stablecoin and its sister token LUNA last week, the LFG reportedly accounted for over 80,300 Bitcoin in reverse, in addition to some other major cryptocurrencies, all of which raised the reserve valuation to over $3 billion. 1/ The long awaited [REDACTED] 3 is here! Today's announcement is anything but positive. Luna Foundation Guard reserves have plummeted to $60.94 million in Avalanche tokens and $10.31 million in UST. Terra's native token Luna and stablecoin TerraUSD (UST) had gone into freefall last week as UST lost its peg from the US dollar. Luna Foundation Sells Over $3 Billion to Save UST Binance's billion dollar LUNA/UST holding had . Luna Foundation Guard, the second largest known holder of Bitcoin, liquidated almost its entire reserves last week worth billions in a failed attempt to defend the Terra UST stablecoin peg. Terra (terra.money) is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Luna Foundation Guard has been aggressively buying up Bitcoin to shore up reserves backing the decentralized stablecoin UST. Log into your account. Luna Foundation Guard Clarifies Bitcoin Reserve Transfers! Sponsored LFG is a non-profit organization that helps to maintain the decentralized Terra ecosystem. The Luna Foundation Guard (LFG) has closed a $1 billion private token sale to establish a decentralized $ UST Forex Reserve denominated in … Show this thread 2 replies 5 retweets 30 likes LFG | Luna Foundation Guard Retweeted The Block @TheBlock__ 8h The relatively low amount of reserves currently held by the Luna Foundation Guard adds to the uncertainty and fear of investors either looking to buy the dip for LUNA or those holding their LUNA/UST in the hopes of a recovery. LFG was able to buy 37,863 BTC through over-the-counter swaps with broker Genesis Trading and an additional acquisition from Three . Paul Brabus writing for Thevrsoldier takes a look at LUNA and UST and any related news today. Luna Foundation Guard, the second largest known holder of Bitcoin, liquidated almost its entire reserves last week worth billions in a failed attempt to defend the Terra UST stablecoin peg. Luna Foundation Sells Over $3 Billion to Save UST The UST proceeds will go towards acquiring more collateral to bolster the foundation's non-LUNA reserves. Luna Foundation Guard Clarifies Bitcoin Reserve Transfers! 70.6k. Terra founder Do Kwon created the Luna Foundation Guard, a consortium whose job it is to protect the peg. By Andrew Throuvalas Apr 14, 2022 2 min read Terra's native cryptocurrency is called LUNA. Fantom was actively wooing Terra projects, promising a faster and more reliable network. The Luna Basis Guard (LFG) revealed on Monday that the current Terra crash, and its measures to assist UST had worn out most of its reserves. Bitcoin's value nears $30,000 mark as Luna Foundation Guard liquidates wallet. Only left with some AVAX, UST (yikes), and LUNA (big yikes). Par la suite, les réserves totales sont en chute libre. 70.6k. Its holdings now stand at about $260 million- a far cry from the over $4 billion the LFG commanded less than two weeks ago. Its holdings now stand at about $260 million- a far cry from the over $4 billion the LFG commanded less than two weeks ago. The second largest known holder of Bitcoin revealed its massive reserves have been all but depleted as its creator Do Kwon says he's "heartbroken" over collapse of stablecoin. Ethereum co-founder Vitalik Buterin had given his two cents on the network's collapse. Let's look at LUNA and UST and any related news this morning. LFG confirmed that on May 7, it held […] Luna Foundation Guard Details About Depleted Reserve. The relatively low amount of reserves currently held by the Luna Foundation Guard adds to the uncertainty and fear of investors either looking to buy the dip for LUNA or those holding their LUNA/UST in the hopes of a recovery. According to a series of tweets published this morning, the Luna Foundation Guard explained their efforts to defend the peg. A high-ranking member of the Luna Basis Guard (LFG) mentioned on Monday that the muse's reserves are virtually able to be deployed, barring just a few technicalities. LFG's report also includes intentions to offer a cushion for UST holders after the algorithmic stablecoin lost its $1 peg and fell below . Terra has been buying bitcoin through the Luna Guard Foundation (LFG) to utilize as reserves for its UST stablecoin. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and open financial infrastructure development. Terra's native token Luna and stablecoin TerraUSD (UST) had gone into freefall last week as UST lost its peg from the US dollar. The move was the execution of a code-red strategy LFG had been . To try to keep the value of UST stable, the group sold some of . The outspoken founder of Terraform Labs, Do Kwon, as said the Luna foundation Guard (LFG), a non-profit mandated to build reserves for Terra's algorithmic stablecoin UST, is "not trying to exit its bitcoin position" after the organization loaned $1.5 billion in BTC and UST. The development comes after the Luna Foundation Guard announced that its massive bitcoin reserves will be used to defend UST's dollar peg. It also bought $500 million of. The Terra blockchain has been halted several times since May 11 in light of the de . The Luna Foundation Guard (LFG) has purchased 37,863 bitcoins worth $1,5 billion, bringing it closer to its goal of owning $10 billion in stablecoin reserves. The Luna Foundation Guard was breaking its silence, accounting for the $3 billion reserves spent trying to save UST. The Luna Foundation Guard (LFG), a blockchain community centered around the Terra network, said it had burnt 4 million LUNA tokens to mint about 372 million of the stablecoin TerraUSD (UST). your password After UST de-pegged on May 9th, causing a cascade effect of billions of LUNA minted, the Luna Foundation Guard disclosed what happened precisely to their reserves which were meant to stabilize UST, keeping it pegged to USD.Let's look at LUNA and UST and any related news this morning. Project rescue and salvage - The Luna Foundation Guard (LFG) said that it would look to compensate users for losses suffered due to the breakdown of its algorithmic stablecoin. The Luna Foundation Guard, the organization responsible for the Terra ecosystem led by Do Kwon, has released information regarding its missing reserve funds. The Luna Foundation Guard (LFG) revealed on Monday that the recent Terra crash, and its measures to support UST had wiped out most of its reserves.
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