7/ Stability and adoption was in the title of the Terra White Paper, and has always been the guiding goals of my work at TFL.
Glad to have a partner organization working with us on the journey forward, and without further ado, L F G 🌕
6/ LFG is governed by top builders in the @terra_money ecosystem, and the gov council will regularly be nominating new members to join as the eco matures.
Genesis members are here: https://t.co/aAU6KWGXHa
5/ Second, LFG will be funding public goods projects via grants, and will be a counterweight to TFL in the @terra_money ecosystem.
Decentralization wins.
4/ Concretely, LFG will be doing two things:
First, building a decentralized forex reserve against which $UST can be redeemed during currency contractions. It will work towards reserves to operate decentralized and onchain.
Expect fewer cockroaches.
3/ TFL is donating 50M Luna to LFG to focus on the stability and adoption of $UST, and to cement its place as the undisputed leader in decentralized money across all blockchains.
Right now that's $4B worth of assets - what to do?
2/ As $UST grew to become the largest decentralized money in crypto, two questions popped up most frequently:
1) Is $UST sufficiently collateralized?
2) Is the @terra_money network sufficiently decentralized?
https://t.co/PcxKtGhpeT is a strong start to answering both.
1/
1 out of 3 💎
https://t.co/PcxKtGhpeT is born:
- a non-profit foundation
- governed by top builders in @terra_money eco
- dedicated to $UST stability and adoption
- decentralizing core teams behind @terra_money
We are seeing some interest in our #airdrop so we will allow more time for people to buy #webfour to enter.
If this tweet gets 10,000 likes then we will reveal how the #airdrop is going to happen.
TL;DR: 10K LIKES = #AIRDROP
My most comprehensive article on the @terra_money ecosystem yet. I hope you appreciate it. Spent 2 weeks trying to complete it. Almost gave up. There are so many protocols building with $LUNA $UST.
Check it out and share to newbies if you find it useful.
https://t.co/hBzasCyDD0
Today's HFSC hearing was the most positive, constructive, & bipartisan public event on crypto I've seen in Congress — ever. I mean that literally.
It's a testament to the effectiveness of industry & community engagement in DC in recent months. We've made shockingly big progress.
None.
We’re already in the green from our last purchase, in less than 24 hours.
You know boomer, we have 44,106 oz of gold in our reserves.
Worth $79 million, down 0.37% from a year ago.
If we had sold it a year ago and bought #Bitcoin, it would now be valued at $204 million.