{"id":58688,"date":"2022-03-11T15:35:03","date_gmt":"2022-03-11T13:35:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58688"},"modified":"2025-09-04T18:03:36","modified_gmt":"2025-09-04T15:03:36","slug":"terraform-labs-donates-12-million-luna-to-luna-foundation-guard","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/terraform-labs-donates-12-million-luna-to-luna-foundation-guard\/","title":{"rendered":"Terraform Labs donates 12 million LUNA to Luna Foundation Guard"},"content":{"rendered":"<p>Terraform Labs has donated an additional 12 million LUNA to the non-profit Luna Foundation Guard to support the stability of UST \u2014 a key element of the Terra ecosystem.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">TFL has donated 12M additional <a href=\"https:\/\/twitter.com\/search?q=%24Luna&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$Luna<\/a> to <a href=\"https:\/\/twitter.com\/LFG_org?ref_src=twsrc%5Etfw\">@LFG_org<\/a>. <a href=\"https:\/\/t.co\/KOqaABKWZi\">https:\/\/t.co\/KOqaABKWZi<\/a><\/p>\n<p>The funds will be burned to mint <a href=\"https:\/\/twitter.com\/search?q=%24UST&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$UST<\/a>, and thereafter used to grow LFG\u2019s reserves. <\/p>\n<p>At current prices, this reflects another 1.2B incoming addition to the <a href=\"https:\/\/twitter.com\/search?q=%24UST&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$UST<\/a> reserves. <\/p>\n<p>\ud83c\udf15<\/p>\n<p>\u2014 Do Kwon \ud83c\udf15 (@stablekwon) <a href=\"https:\/\/twitter.com\/stablekwon\/status\/1502225674840555523?ref_src=twsrc%5Etfw\">March 11, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Terraform Labs CEO Do Kwon stressed that the transferred coins will be burned to issue and bolster the reserve fund <a href=\"https:\/\/u1f987.com\/en\/news\/algorithmic-stablecoins-how-alternatives-to-usdt-and-usdc-are-evolving\">algorithmic stablecoins<\/a>. According to the current price of LUNA, around $100, the 12 million tokens would yield about 1.2 billion UST.<\/p>\n<p>Luna Foundation Guard (LFG) <a href=\"https:\/\/u1f987.com\/en\/news\/terraform-labs-to-commit-more-than-4-billion-to-terra-ecosystem-development\">was created in January<\/a>. The organization focuses on developing the Terra ecosystem and strengthening the resilience of the UST stablecoin.<\/p>\n<p>LFG is governed by an independent board of governors, comprising industry experts and heads of crypto companies, including Do Kwon.<\/p>\n<p>The organization also provides grants to developers, researchers and community participants.<\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/all\">CoinGecko<\/a>, UST\u2019s market capitalization stands at $14.4 billion. The asset ranks 14th.<\/p>\n<p>Earlier in February, <a href=\"https:\/\/u1f987.com\/en\/news\/luna-foundation-guard-raises-1-billion-to-bolster-ust-stability\">Luna Foundation Guard raised $1 billion<\/a> in a private sale of the LUNA crypto asset to a number of investors.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terraform Labs donated an additional 12 million LUNA to the Luna Foundation Guard.<\/p>\n","protected":false},"author":1,"featured_media":58689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[807,852],"class_list":["post-58688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-terra"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=58688"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58688\/revisions"}],"predecessor-version":[{"id":58690,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58688\/revisions\/58690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58689"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}