According to CNBC on Thursday (May 5, 2022), LFG raised the funds through a $1 billion over-the-counter (OTC) swap with cryptocurrency broker Genesis and a $500 million worth of bitcoin purchase from hedge fund manager Three Arrows Capital. The Terra Luna supply has lost over 2 billion Luna from its peak. Luna Foundation Guard CEO, Do Kwon, has written a proposal that suggests forking LUNA to a new chain using a snapshot from before the attack. Luna burns do look to have started taking place, or at least the circulating supply is dropping. Do Kwon has announced a recovery plan in the works for UST and, therefore, the Terra ecosystem. Luna Foundation Guard shared on Monday that it has plans to use its remaining assets to compensate UST's "smallest . . LFG was able to buy 37,863 BTC through over-the-counter swaps with broker Genesis Trading and an additional acquisition from Three Arrows Capital, a major crypto venture capital firm . Avalanche, the smart-contracts blockchain, says it is ready to work with Luna Foundation Guard on a "sensible trading strategy" if the tokens were to be sold. The AVAX tokens held by TFL and LFG represented 0.5% and 0.9% of the token's weekly volume, according to Avalanche. While the . The Luna Foundation Guard (LFG), a Singapore-based nonprofit building reserves for the stablecoin Terra (UST), announced Thursday that it will buy $100 million worth of AVAX tokens from the Avalanche foundation to augment its reserves. It says the money will be used for a "UST Forex Reserve denominated in Bitcoin." UST is a stablecoin that uses Terra's LUNA to maintain its peg. The funding included participation from the usual round of venture capital . As mentioned earlier, the foundation purchased a further $173 million in Bitcoin over the weekend. Luna Foundation Guard, a non-profit that supports the Terra blockchain, has moved to diversify its crypto reserves by purchasing $100 million worth of Avalanche (AVAX) tokens, Bloomberg reports. The LFG has around $60 million worth of AVAX tokens in . The Trust Project is an international consortium of news organizations building standards of transparency. The UST proceeds will be used to acquire additional collateral to bolster the foundation's non-LUNA reserves. 1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a . LUNA is a governance token for the Terra ecosystem, and it is a reserve asset used to boost the stability of the UST stablecoin. Not everyone in the cryptocurrency community is in favour of a Luna burn. it is worth noting that LFG's devalued asset cache includes UST sister token LUNA, which has lost $40 billion in value . The move comes as growing volatility . The Luna Foundation Guard (LFG), a blockchain community centered on the Terra network, said that it will burn 4 million LUNA tokens to create 372 million TerraUSD stablecoins (UST). The UST proceeds will go towards acquiring more collateral to bolster the foundation's non-LUNA reserves. Close to announcing a recovery plan for . On the Pomp's podcast, the Terraforms Lab founder, Do Kwon revealed that the LUNA . According to a Twitter thread Do Kwon published after the LFG Council "voted to deploy 1.5B in capital" to . During the sharp decrease witnessed throughout BTC (Bitcoin) and the broad market of cryptocurrency this week, the LFG (Luna Foundation Guard) is prepared to allocate $1.5B in capital to assist in the protection of the UST's (Terra USD) peg to the USD (United States dollar). The Luna Foundation Guard has acquired another $1.5 billion in bitcoin for its UST reserve through an OTC sale of luna, its governance token. The latest Tweets from LFG | Luna Foundation Guard (@LFG_org). 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. By Benjamin Godfrey April 15th, 2022 Altcoin News, Blockchain News, Cryptocurrency news, News Terraform Labs 'Gift' 10M LUNA Tokens to Luna Foundation Guard as Reserve By Benjamin Godfrey . The LUNA Foundation Guard (LFG) plans to boost its Bitcoin reserves to $3 billion, with a long-term objective of growing the pool to $10 billion, which might result in a surge in UST demand, driving more LUNA tokens out of active production permanently. 1 talking about this. Make Yahoo Your Homepage LFG had bought $231 million in bitcoin the day prior to also boost its UST reserves, but this appears to be . Dopu à a nutizia, AVAX hà ricivutu un guadagnu notevuli in valore. 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 . In the event of a depegging, those reserves were to be sold, with the resulting liquidity used to buy UST back . Digital Assets: LFG to Acquire $100M in AVAX Tokens to "Strategically" Align Terra, Avalanche Ecosystems. U token nativu di Avalanche (AVAX / USD), hà ricivutu un supportu eccessivu dopu chì era annunziatu chì serà aghjuntu à e riserve chì sustene u stablecoin UST. LUNA token was down 52% on the day, while UST recovered slightly to $0.90 at the time of writing. 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. LFG Council has voted to burn another 4M luna to . Dopu à a nutizia, AVAX hà ricivutu un guadagnu notevuli in valore. Avalanche, the smart-contracts blockchain, says it is ready to work with Luna Foundation Guard on a "sensible trading strategy" if the tokens were to be sold. 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. LUNA, the native token of programmable blockchain Terra, showed surprising resilience even as bitcoin and the broader crypto market track equities lower. Bitcoin ( BTC) was down over 3.5% throughout the trading day in Asia, briefly touching the $30,230 mark, according to the CoinDesk price index, as the Luna Foundation Guard (LFG) moves the . Terraform Labs has announced the formation of "LFG," otherwise known as the Luna Foundation Guard—a non-profit organization established to support the Terra ecosystem and safeguard the stability and adoption of its flagship stablecoin, TerraUSD. As reported by CoinDesk, about a month before the collapse of LUNA-UST, both Terraform Labs (TFL) and Luna Foundation Guard purchased $200 million worth of Avalanche's AVAX tokens from the Avalanche Foundation. If UST regains its peg and there is a massive token burn of LUNA tokens, the Terra price prediction could quickly push to . Republic of Singapore The Luna Foundation Guard (LFG) is dedicated to economic sovereignty, security, and open-source software that helps build a truly decentralized economy. The Luna Foundation Guard (LFG) has raised $1 billion through an over-the-counter sale of LUNA, the native token of the Terra blockchain. Avalanche's native token (AVAX/USD), has received overwhelming support after it was announced that it would be added to the reserves backing the UST stablecoin. Luna Foundation Guard to Use $1.5B worth of BTC and UST . The LFG (the Singapore-based nonprofit organization) is included in the … . Filecoin $7.75-6.44%. The nonprofit organization charged with managing the . Circulating vs. non-circulating supply of LUNA token | Source: SmartStake.io. 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. In the statement, LFG notes that it has almost entirely depleted its BTC reserves from around 80,000 bitcoins to 313. The latest purchase means that the Luna Foundation Guard now holds 39,897.98 BTC in its wallet, worth around $1.67 billion. The Luna Foundation Guard (LFG) was created to build a bitcoin collateral backstop for the UST stablecoin . 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 big raise was made through a sale of the LUNA token, which is the native asset of the Terra ecosystem. Die Luna Foundation Guard (LFG) hat 1 Milliarde US-Dollar in einem privaten Token-Verkauf gesammelt, um es der Gruppe zu ermöglichen, die Bindung von UST, Terras Flaggschiff-Stablecoin, vor Marktinstabilitäten zu schützen. Meanwhile, the stablecoin's sister token, LUNA, dropped even more. A Luna Foundation Guard (LFG) prevede di cumprà $ 100M tokens AVAX per esse utilizati per e riserve UST. Avalanche, the smart-contracts blockchain, says it is ready to work with Luna Foundation Guard on a "sensible trading strategy" if the tokens were to be sold. The raise, one of the largest in the history of the crypto sector, was led by Jump Crypto and Three Arrows Capital, with Republic Capital, GSR, Tribe Capital, DeFiance Capital, and other unnamed investors participating. As noted above, the Luna Foundation Guard had around $2.3 billion worth of bitcoin. Luna Foundation Guard close to announcing recovery plan for TerraLuna, UST. The Luna Foundation Guard (LFG) has raised $1 billion through an over-the-counter sale of LUNA, the native token of the Terra blockchain. Luna Foundation Guard receives more than $800 million worth of LUNA Terraform Labs, the lead developers of the Terra blockchain platform, have "gifted" 10 million LUNA tokens to Luna Foundation Guard (LFG), the Singapore-based non-profit organization managing the UST Forex Reserve. The move is meant to boost the stability of the native UST stablecoin, whose market cap has now swelled to $16.7 billion, according to CoinMarketCap data. Terra's LUNA tokens were sold privately to raise the funds. This proposal has received support from 79% of the votes, but there is still a pending question of […] Kraken and CoinList have also suspended withdrawals at this time. LUNA is minted and burned to enable these transactions. Skip Navigation watch live luna foundation guard Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. The Singapore-based non-profit that supports the Terra network, the Luna Foundation Guard, has been reaching out to investors in hope of raising funds to shore up the embattled stablecoin. 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. He details a recovery plan that includes giving the new blockchain to the community and not including the LFG wallet. The Luna Foundation Guard (LFG) has secured a $1 billion private token sale to establish a decentralized reserve denominated in Bitcoin for its UST stablecoin. Luna Foundation Guard on UST-Precipitated Bitcoin-Reserve Depletion. Here is why: Payout split program (Buyback) On a regular basis, the Midas team analyzes total payouts made to investors across all coins/tokens and initiates a 10% payout split to the Midas market. 20% APY. Currently the Luna Foundation Guard (LFG) has $171.4 million in USD in its reserves, down 85% from the previous day, $86.82 million in UST, down 41% from a day prior, and $84.5 million in AVAX. Over the weekend, the UST algorithmic stablecoin lost its $1 peg, with its price reaching $0.988 at its lowest point. . Following the news, AVAX has received a notable gain in value. By Tracy Wang May 19, 2022 at 9 . The LUNA token, which is designed to serve as a sort of shock absorber for UST's "algorithmic" dollar-pegging mechanism, crashed from $80 to below $0.002. Its holdings now stand at about $260 million- a far cry from the over $4 billion the LFG commanded less than two weeks ago. According to the announcement, the burn will allow the LFG mint around 372 million in UST. Avalanche posted a tweet saying that the Luna Foundation Guard had "disclosed no plans" for the 2 million AVAX tokens in its treasury. Luna Foundation Guard. The BTC is required to prop up the price of the native UST stablecoin and maintain its Dollar peg during times of extreme . 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. Singapore-based Luna Foundation Guard (LFG) made yet another bitcoin purchase of $1.5 billion in Bitcoin for its UST stablecoin reserve. The remaining assets, which mostly comprise the crashed UST and LUNA tokens . "The inclusion of @avalancheavax's native token marks the start of a diverse pool of layer one crypto . Luna's price has . The LFG has depleted its bitcoin reserves, which were liquidated to support the peg. And today, the Luna Foundation Guard (LFG), a non-profit supporting all things Terra (LUNA), has voted to lend $1.5 billion in crypto to protect its native stablecoin.. The Luna Foundation Guard (LFG), a Singapore-based nonprofit building reserves for the stablecoin Terra (UST), announced Thursday that it will buy $100 million worth of AVAX tokens from the Avalanche foundation to augment its reserves. This, too, is an option that could push up the price of LUNA, especially if they reset it with a low token supply. Luna Foundation Guard Adds 4,000 BTC Tokens for UST Reserves News Coin Price Predict . With UST slipping below $1, Luna Foundation Guard stepped in by lending $750 million worth of Bitcoin from its reserves to trading firms to protect the UST peg. The Luna Foundation Guard (LFG), a recently formed non-profit organization to support decentralization, economic sovereignty, and to foster the growth of the Terra ecosystem, has unveiled the . For example: from a total daily payout of 1 BTC to users, 0.1 BTC flows to the Midas market daily. All of the major crypto tokens were in the red on Tuesday. The selling pressure resulted in UST losing its peg. The remaining assets, which mostly comprise of the crashed UST and LUNA tokens, will apparently be used to compensate investors. Drastic times call for drastic measures. The LFG has around $60 million worth of AVAX tokens in . LFG also loaned $750 million "to accumulate BTC as market conditions normalize". . Luna Foundation Guard's Bitcoin reserves down to 313 BTC. The LUNA Foundation Guard's other option is to fork the chain and come up with an entirely new network. Curve DAO Token $1.24-9.07%. The Luna Foundation Guard (LFG) announced on Tuesday that the organization's council has voted to burn an additional 4 million of Terra's native token LUNA. Terraform Labs, the organization behind the UST algorithmic stablecoin (UST) and its LUNA token, gave 10 million LUNA tokens worth $820 million to Luna Foundation Guard (LFG . U token nativu di Avalanche (AVAX / USD), hà ricivutu un supportu eccessivu dopu chì era annunziatu chì serà aghjuntu à e riserve chì sustene u stablecoin UST. The so-called UST functions as an algorithmic stablecoin pegged to the price of the US dollar. It will now deploy this remaining capital towards repaying UST holders . The Luna Foundation Guard collected $1 billion from crypto-focused investment capitalists for this purpose late last month, revealing the idea to create a Bitcoin reserve for Terra's UST stablecoin. UST has lost its peg from the dollar, and its native token LUNA is down is down 90%, currently trading at a 12-month low of $4.69. Während der Token über eine algorithmische Methode verfügt, um seinen Dollarwert aufrechtzuerhalten, zielt diese dezentrale Reserve - die in BTC gespeichert wird . The Luna Foundation Guard (LFG), a Singapore-based nonprofit building reserves for the stablecoin Terra (UST), announced Thursday that it will buy $100 million worth of AVAX tokens from the Avalanche foundation to augment its reserves. RELATED POSTS CAKE Holds Closely Below $5 5 Best Crypto Platforms for Staking Top Coins Do Kwon, the co-founder of the Terra network, recently proposed the creation of a completely new chain with a new LUNA token. The raise, one of the largest in the history of the crypto sector, was led by Jump Crypto and Three Arrows Capital, with Republic Capital, GSR, Tribe Capital, DeFiance Capital, and other unnamed investors participating. Smart-contract blockchain Avalanche said in a tweet that Luna Foundation Guard (LFG), the entity behind Terra blockchain's failed UST stablecoin, has "disclosed no plans" for . The demand for the UST stablecoin could rise even further in the coming weeks and months following last week's announcement by the Luna Foundation Guard. Luna's sharp decline put its market cap below that of UST's, meaning that traders were unable to redeem UST for LUNA, potentially throwing the foundation of UST . May 20, 2022. . The Luna Foundation Guard, a nonprofit organization linked to Terra, claims it has raised $1 billion in a private token sale. The Luna Foundation Guard (LFG), a recently formed non-profit to support . The $1 billion funding round was led by Jump Crypto and Three Arrows Capital, and the reserve is set to increase the stability of UST. In a tweet on Monday, LFG said it . LFG Council has voted to burn another 4M luna to . Smart-contract blockchain Avalanche said in a tweet that Luna Foundation Guard (LFG), the entity behind Terra blockchain's failed UST stablecoin, has "disclosed no plans" for . The Luna Foundation Guard (LFG), a quasi organization dedicated to the Terra environment, has revealed intentions to reimburse surviving TerraUSD (UST) users, beginning with the smallest holdings. Solana and Shiba Inu dived about 9 per cent each, whereas Cardano and Dogecoin shed 8 per cent each . It will now deploy this remaining capital towards repaying UST holders . Luna Foundation Guard's Plans to Build UST Reserves. Tezos . The LFG is looking to raise more than $1 billion to collateralize the UST stablecoin according to The Block, which cites "people familiar with the matter.". . With some Luna holders calling for TerraForm Labs or the Luna Foundation Guard to buy and burn the supply . The Luna Foundation Guard (LFG), a blockchain community centered on the Terra network, said that it will burn 4 million LUNA tokens to create 372 million TerraUSD stablecoins (UST). The sale, which raised $1 billion . 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. luna foundation guard Blogs, Comments and Archive News on Economictimes.com . He holds BTC and ETH. LFG is dedicated to supporting a vibrant community of blockchain innovators committed to developing a decentralized global economy This week, Terra announced the formation of a new non-profit organization, the Luna Foundation Guard (LFG), that is "dedicated to supporting the advancement of open-source technology, facilitating the growth of the Terra ecosystem, and improving the sustainability and stability of Terra's algorithmic stablecoins.". Instead, the Luna Foundation Guard, a nonprofit created by Terra's founder Do Kwon, . The token's demise just the other day sent cryptocurrencies plunging, a trend that continued on Monday as bitcoin surrendered its weekend gains. 1/ The first step towards . The Graph $0.154093-12.64%. . Others have also said that the LUNA Foundation Guard operated . Terra's LUNA token that was used to maintain UST's peg spiraled to $0. The UST proceeds will be used to acquire additional collateral to bolster the foundation's non-LUNA reserves. The organization's council voted to lend out $750 million in Bitcoin from its reserves and $750 million in TerraUSD (UST) to keep the latter asset pegged to $1. Avalanche posted a tweet saying that the Luna Foundation Guard had "disclosed no plans" for the 2 million AVAX tokens in its treasury. LFG had bought $231 million in bitcoin the day prior to also boost its UST reserves, but this appears to be . The company behind Terra has launched a non-profit organiztion. 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. The Luna Foundation Guard (LFG) Plans to buy $100M AVAX tokens to be used for UST 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. as the network's debt holders they deserve to be compensated for the tokens they . Luna Foundation Guard bought $173 million worth of bitcoin over the weekend, but bitcoin is . A Luna Foundation Guard (LFG) prevede di cumprà $ 100M tokens AVAX per esse utilizati per e riserve UST. LFG is a non-profit organization that helps to maintain the decentralized Terra . If it goes over the $1 mark, LUNA token holders can trade tokens for 1 UST for a profit. The Luna Foundation Guard (LFG) council's recovery of Terraform lab's LUNA and UST has nearly failed as reserves plummet to $71.26 million, and the two tokens fail to recover. Its peg has been lost and now investors are rushing to dump the associated luna token. The Luna Foundation Guard was established as a non-profit organization to help build and promote a decentralized economy, just completed its private LUNA sale. 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