LFG Reserves Dwindle to Just 313 Bitcoins From 80K After UST Crash
The announcement comes after criticism of the Luna Foundation Guard's "lack of transparency."
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May 16, 2022 at 9:59 a.m. UTC
May 16, 2022
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Sam Kessler
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Do Kwon’s Proposed Terra ‘Revival’ Puts UST, LUNA Holders in Charge
A “Revival Plan” submitted Friday by the Terraform Labs CEO would redistribute ownership of the network.
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May 13, 2022 at 5:05 p.m. UTC
May 13, 2022
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The LUNA and UST Crash Explained in 5 Charts
One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday.
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May 11, 2022 at 10:12 p.m. UTC
May 11, 2022
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UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say
Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees.
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May 11, 2022 at 3:15 p.m. UTC
May 11, 2022
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UST Backer LFG Seeks $1B to Shore Up Stablecoin Peg: Report
The funding is needed because the dollar-pegged stablecoin dropped as low as 60 cents Monday amid broader market turmoil.
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May 10, 2022 at 8:41 p.m. UTC
May 10, 2022
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UST Stablecoin Veers Wildly From Dollar Peg. Here's the Latest
By tapping into its bitcoin reserves, UST’s salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021.
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May 10, 2022 at 2:58 a.m. UTC
May 10, 2022
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UST Stablecoin Loses Dollar Peg for Second Time in 48 Hours, LUNA Market Cap Falls Below UST's
The development comes after the Luna Foundation Guard announced that its massive bitcoin reserves will be used to defend UST’s dollar peg.
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May 9, 2022 at 4:51 p.m. UTC
May 9, 2022
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Compound’s Enterprise Arm Receives S&P Credit Rating in DeFi First
The iffy B- grade applies to Compound Treasury, a platform promising 4% yield for USDC-denominated business accounts.
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May 9, 2022 at 2:55 p.m. UTC
May 9, 2022
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UST Stablecoin Briefly Loses Peg, Luna Drops 10%
The Saturday event led to questions about whether Terra’s bitcoin reserves will soon face their first test
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May 8, 2022 at 6:01 p.m. UTC
May 8, 2022
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Typo Moves $36M in Seized JUNO Tokens to Wrong Wallet
Validators, developers and token holders grapple with who is to blame for the copy-paste error that moved the tokens to an address no one can access.
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May 5, 2022 at 6:57 p.m. UTC
May 5, 2022