Terraform Labs Launches 3 Emergency Actions to Save LUNA, UST Stablecoin


On Thursday, Terraform Labs, the team behind the Terra ecosystem, outlined three emergency measures aimed at saving LUNA and its native stablecoin UST from collapse. The three measures include burning the remaining UST in the community pool, burning any UST that still exists on Ethereum, and staking $240 million LUNA to protect the project from a governance attack.  With a current market capita...

Read Complete Article

Post a Comment

Previous Post Next Post