Conversation

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:

Quote Tweet

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.

Show this thread

429

909

3,557

LeverItLong

@LongingLongs

May 9

Have you ever considered providing an incentive to lock UST in earn? liquid aUST makes 15% APY while 21 day locked UST makes 17% or something like that? Even a more long term lock up like a traditional CD?

113

Do Kwon

@stablekwon

Replying to

@LongingLongs

look forward to anchor forums next week

5:34 AM · May 9, 2022Twitter Web App

Replying to

and

👀

Replying to

and

This depegging only happens on Centralized exchanges. Not in Terra station. So very few transactions can cause this slight depeg. Having lot more UST locked may not make a difference. The solution should solely focus of big exchanges like Binance and nothing else.