Terraform Labs gifts another $880M to Luna Foundation Guard By Cointelegraph
April 16, 2022
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Terraform Labs gifts another $880M to Luna Foundation Guardblockchain developer Terraform Labs (TFL) has gifted the Luna Foundation Guard (LFG) 10 million LUNA, worth around $820 million at current prices.
LFG is a nonprofit organization attached to Terra tasked with collateralizing the network’s algorithmic stablecoin, Terra USD (UST), to keep it pegged with the U.S. dollar.
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Terraform Labs gifts another $880M to Luna Foundation Guardblockchain developer Terraform Labs (TFL) has gifted the Luna Foundation Guard (LFG) 10 million LUNA, worth around $820 million at current prices.
LFG is a nonprofit organization attached to Terra tasked with collateralizing the network’s algorithmic stablecoin, Terra USD (UST), to keep it pegged with the U.S. dollar.
Continue Reading on Coin Telegraph
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