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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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Pete Rebuilding

@PeteXCM

May 9

Can you confirm that another coordinated attack on the peg will become harder as the liquidity in the 4pool grows? Hopefully in the future the BTC reserve will not even be required.

Do Kwon

@stablekwon

Replying to

@PeteXCM

We think many things will be helpful to prevent peg attacks, like 1) diversifying the Terra economy, 2) Bitcoin reserve pool onchain worked on by Astroport But yes, 4pool will be value additive

5:31 AM · May 9, 2022Twitter Web App