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1/ The LFG Council just voted to deploy 1.5B in capital (0.75B in BTC, 0.75B in UST) to allay market concerns around UST. Some more context on why and how:

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LFG | Luna Foundation Guard

@LFG_org

· May 9

1/ Over the past several days, market volatility across crypto assets has been significant. The market turmoil is also reflected by the past week's uncertain macro conditions across legacy asset classes.

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albie

@albieXBT

May 9

what happens if the 750m btc is not enough to bring ust back up to $1? you guys going to just send the rest of it to sell too?

Do Kwon

@stablekwon

Replying to

@albieXBT

$UST +/- 50 bips is pegged - will deploy capital on the fringes of that range to make markets We are not out of that range rn, so dont believe significant action is needed.

5:28 AM · May 9, 2022Twitter Web App

Colin Talks Crypto - CBBI.info

Replying to

and

You posted the above tweet 21 hours ago. Since that time a lot has happened (namely $UST to $0.62). I am sure you are working hard on the problem right now and I can only imagine how crazy things must be behind the scenes. I look forward to understanding what happened! 1/2

Colin Talks Crypto - CBBI.info

@ColinTCrypto

May 10

I find it especially interesting that you seemed very confident there was no issue. And then seemingly out of the blue things changed completely. What happened that was so unforeseen? Was it an attack? Some other oversight? 2/2

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well, 씨발 lol

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