Luna Foundation Guard Announces Compensation To Users As Terra Ecosystem Collapses
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Luna Foundation Guard Announces Compensation To Users As Terra Ecosystem Collapses

16 May'22 | By
Luna Foundation Guard Announces Compensation To Users As Terra Ecosystem Collapses
SUMMARY

LFG announced plans to compensate the remaining users of stablecoin terraUSD (UST)

The $40 Bn Terra ecosystem collapsed last week when the UST stablecoin dropped below 20 cents

Currently, the LFG’s remaining reserves consist of 313 BTC, 39,914 Binance Coin, 1,973,554 Avalanche, 1,847,079,725 UST

The Luna Foundation Guard (LFG), the non-profit organisation that supports the Terra ecosystem, in a series of tweets announced on Monday its plans to compensate the remaining users of stablecoin terraUSD (UST), starting with the smallest holders.Terra

“The Foundation is looking to use its remaining assets to compensate remaining users of $UST, smallest holders first,” the company said. Media & Entertainment2023Bengaluru

Terra
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