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$1B BTC reserve for $UST - Largest ever cap formation in crypto - $BTC used as reserve currency to scale UST - LFG has plans to scale reserve to larger numbers 🤫 🌕

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The Block

@TheBlock__

· Feb 22

EXCLUSIVE: Luna Foundation Guard raises $1 billion to form bitcoin reserve for UST stablecoin by @RyanJamesWeeks theblockcrypto.com/post/134871/lu

226

1,030

3,991

Ambrose

@coincustodian

Feb 22

I was hoping this was just a rumor — so much for uncorrelating. Would have preferred to never touch BTC in any way, I would definitely never trade Luna for BTC myself. But let’s see where it takes us!

Do Kwon

@stablekwon

Replying to

@coincustodian

Thats not how this works

5:03 PM · Feb 22, 2022Twitter for iPhone

Replying to

and

Ser… is this redacted 3?

Ivan

@plg_ivan

Feb 22

I doubt it; there was no drum roll 🥁

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Replying to

and

do as you see fit. stupid people won't understand but the industry understands you. $LUNA = 1000$

Replying to

and

🤝

Replying to

and

Do Kwon, adding 1bn BTC as reserve does give strong confidence to the market. Yet we need to face the fact that Anchor yield reserve can last 6 months after LFG replenishment. How to get an organic solution for sustainable growth? (gradual lowering yeild is one way, any others?)