{"id":47433,"date":"2022-05-16T16:29:03","date_gmt":"2022-05-16T14:29:03","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=47433"},"modified":"2022-05-16T16:29:03","modified_gmt":"2022-05-16T14:29:03","slug":"luna-foundation-guard-talks-about-the-status-of-their-reserves-and-how-to-compensate-for-the-losses-of-users","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/luna-foundation-guard-talks-about-the-status-of-their-reserves-and-how-to-compensate-for-the-losses-of-users\/","title":{"rendered":"Luna Foundation Guard Talks About the Status of Their Reserves and How to Compensate for the Losses of Users"},"content":{"rendered":"

Over the past ten days, Terra has remained in the headlines for all the wrong reasons<\/strong>. The crashing of LUNA<\/a> and UST<\/a><\/strong>, along with the halting of Terra blockchain<\/strong> has inflicted a dent upon the network\u2019s popularity. Previously, Terra was known for having one of the most prolific crypto reserve funds<\/strong>. However, since the crash, people were constantly inquiring about these reserves of the Luna Foundation Guard (LFG)<\/strong>.<\/span><\/p>\n

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The network has now shed some light on its remaining reserves<\/strong> in a thread of<\/span> tweets<\/strong>. Moreover, the network also states that it is finding ways to compensate<\/strong> its users that have suffered from losses due to the depegging of UST<\/strong>. Last week, Terra\u2019s algorithmic stablecoin, UST<\/strong> lost its peg with the US Dollar amid a market crash. At first, the network plans to compensate the smallest holders<\/strong> of the UST token.<\/span><\/p>\n

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1\/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets:
\u00b7 80,394 $BTC<\/a>
\u00b7 39,914 $BNB<\/a>
\u00b7 26,281,671 $USDT<\/a>
\u00b7 23,555,590 $USDC<\/a>
\u00b7 1,973,554 $AVAX<\/a>
\u00b7 697,344 $UST<\/a>
\u00b7 1,691,261 $LUNA<\/a><\/p>\n

— LFG | Luna Foundation Guard (@LFG_org) May 16, 2022<\/a><\/p><\/blockquote>\n