1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets:
ยท 80,394 $BTC
ยท 39,914 $BNB
ยท 26,281,671 $USDT
ยท 23,555,590 $USDC
ยท 1,973,554 $AVAX
ยท 697,344 $UST
ยท 1,691,261 $LUNA
1/5. Some interesting updates, full transparency and lead to protect users:
As it turns out, most UST pairs were 0 fee to begin with. (I didn't know that, our team had to tell me.) So, not much UST there.
We do have...
All updates will be posted on this Twitter account (@terra_money). Any other Twitter accounts purporting to represent Terra are fake.
Users are advised to be on the lookout for scams.
8/ I am just hoping that the project teams can rise from the ashes and rebuild in a proper and sensible way. Regardless of my personal views, or the solution chosen in the end, we will always be here to support the community in any way we can.
1/8 These past weeks have proven to be a watershed moment for the crypto industry. We have witnessed the rapid decline of a major project, which sent ripples across the industry, but also a new found resiliency in the market that did not exist during the last market downswing.
Prop 1188 to execute the Community Pool $UST burn and cross-chain $UST burn detailed in the thread below is now live for voting on Station:
https://t.co/QEGRRAWVoh
6 million reasons to thank you for all your support. ๐๐๐๐๐๐
120 million reasons the fight for the safety of our users. ๐๐๐๐๐๐๐๐๐๐๐๐
https://t.co/hBn57GAR59
1/ Iโve spent the last few days on the phone calling Terra community members โ builders, community members, employees, friends and family, that have been devastated by UST depegging.
I am heartbroken about the pain my invention has brought on all of you.
A post-mortem on everything that transpired the past week is in progress. It will be published asap.
These are tremendously difficult times for everyone affected. The feelings are still raw. Please be safe.
The strength of the #LUNAtics has been amazing. More to come.