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What happened during may 2021 to Luna?
UST depegged and to save the project Do Kwon accepted a predatory debt deal with Jump, this is not public knowledge and is from my source within Jump.
heard similar rumours. thought the whole UST, KRT, SDR concept was bullshit so didn’t gave a second look
Cheaper ways to pay a $90M debt than crashing a 40b chain. Also if TFL owed Jump from last may, then the 3m Luna per month distribution to TFL employees could also be installment payments. I'm speculating on your claim only though. Doesn't make sense, TFL was rich. just pay.
Yeah, it was probably out of the 1.2M LUNA that went to 'service providers' from the monthly budget
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