All but 313 btc was used to defend ust peg
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Conversation
Are there any plans to release trade logs? Counterparties that were involved, any potential conflicts of interest, the exact details of the OTC blocks? This is one of the major transparency issues that needs to be dealt with given potential VC/board COI.
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We dont control the trade logs of trading partners’ granular trade execution - this is not how MM arrangements typically operate. But the amount of UST lfg purchased maps to the amount of BTC expended.
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Sorry to sound cynical, but this feels like a cop out. This isn't about the trade structure. Who were the MMs you worked with? Did they have any sway over the board? Which VCs were allowed to cash out their UST/LUNA tranches, if such a thing happened internally? Any logs?
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No vcs were allowed to cash out anything - no backroom deals of any kind exist. we are trying to see if we can name counterparties in the trades, but confidentiality will need to be waived for us to be able to do this
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will you be able to lead this? There are people who believe you will face lawsuits & legal challenges in South Korea and Singapore. Could you please comment?
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My priority is not about what happens to me, but making sure the Terra community has a place to build and years of their work does not go to waste
I dont care what happens to me as long as that happens
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give us a burn luna adress we will burn it for you
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terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu
There u go
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First you stop the minting process
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Why snapshot before 7 May? The hard minting was after 12 May. Here you go.
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You also said everything was okay and luna will come back on 11 May… Take snapshot before 12 May!
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If any whales burn all 7 trillion coin at a time,
You can able to increase the LUNA circulation supply through someone sell UST,
Which means same situation happened again
So only burning will be helpful when LUNA run without UST
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50 mn burned last few hours . You can check on coinmarketcap
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Can you please listen to the community and work on revival of existing Luna? Burn, tax, buy back, give schemes to revive the existing Luna instead of abandoning it for a new adventure Lv2 for yourself. Community is looking at you and will loose faith if you abandoned it like that
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move on bro. he won't listen. his mind right now are focused on v2 as he knows people would just move on anyways, so why would he bother saving a sinking ship
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