Terraform Labs donates $1.1B for Luna Foundation Guard‘s reserves

by Aurelia Butler 12 March 2022, 23:40 119 Views

UST is an algorithmic stablecoin with a theoretical exchange rate of 1:1 with the U.S. dollar and is in part maintained by swapping of/for LUNA tokens when its market value deviates from its peg. The burning of $1 in UST results in the minting of $1 in LUNA and vice versa.

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Source: Cryptocurrency - investing.com

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Terraform Labs donates $1.1B for Luna Foundation Guard‘s reserves

Altcoin Roundup: DeFi token prices are down, but utility is on the rise

Immutable X gains 50% following the close of a $200M fundraising round

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