Luna Foundation Guard has announced plans to use its remaining assets to compensate $UST users.
Remaining assets:
• 313 #Bitcoin
• 39,914 #BNB
• 1,973,554 #AVAX
• 1,847,079,725 $UST
• 222,713,007 $LUNA
@LFG_org demanded answers*. Who told them defending the peg was the optimal mission? Also, who recorded the team throughout each dip in $UST, as this would invaluable for psychology research, and to show how stupid the team is.
Cannot believe @LFG_org really sold that many #BTC to defend a lost peg. Where was the vote at? Who made this decision? The whole organization should be put be forth everyone carrying #luna, UST and demand answers ASAP. Who even is the admin for their twitter? It's that serious.
1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets:
· 80,394 $BTC
· 39,914 $BNB
· 26,281,671 $USDT
· 23,555,590 $USDC
· 1,973,554 $AVAX
· 697,344 $UST
· 1,691,261 $LUNA
One of the biggest liquidation squeeze of all time, considering how much #BTC will be worth in the future, and the significance of this paper handed move by $Luna Foundation.
All this "Protect User" this and that from @binance@cz_binance only leads to more suspicions. Do not be fooled by this, if push came to shove, the protection of users would be the last thing they will guard.
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...