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Do Kwon 🌕
@stablekwon
1/ The LFG.org board has voted to capitalize the
@anchor_protocol
yield reserve by 450M UST. Details here: agora.terra.money/t/capitalising
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cpt n3mo
@cptn3mox
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1/ A Proposal has been made for the Luna Foundation Guard (“LFG”) to capitalise @anchor_protocol's yield reserve by $450m Anchor is the heart of @terra_money and will continue to be as the network matures Please read and discuss agora.terra.money/t/capitalising
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Do Kwon 🌕
@stablekwon
Replying to
@stablekwon
2/ LFG will: - Withdraw 9.5M Luna on Feb 11th 12pm SGT - Swap 9.5M Luna to UST over the course of 5-10 days, which should result in ~450M UST being minted - Send the resultant UST to the Anchor yield reserve contract when the swaps have been completed
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@0xflorido
In time. Anchor is not even a year old. The ”self sustaining” meme is really tiring
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