{"id":431996,"date":"2022-04-15T08:57:09","date_gmt":"2022-04-15T05:57:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/terraform-labs-gifts-another-880m-to-luna-foundation-guard\/"},"modified":"2022-04-15T08:57:09","modified_gmt":"2022-04-15T05:57:09","slug":"terraform-labs-gifts-another-880m-to-luna-foundation-guard","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/terraform-labs-gifts-another-880m-to-luna-foundation-guard\/","title":{"rendered":"# Terraform Labs gifts another $880M to Luna Foundation Guard"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a407155a443a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a407155a443a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/terraform-labs-gifts-another-880m-to-luna-foundation-guard\/#%E2%80%9D_Terraform_Labs_gifts_another_880M_to_Luna_Foundation_Guard_%E2%80%9C\" >&#8221; Terraform Labs gifts another $880M to Luna Foundation Guard &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Terraform_Labs_gifts_another_880M_to_Luna_Foundation_Guard_%E2%80%9C\"><\/span>&#8221; Terraform Labs gifts another $880M to Luna Foundation Guard &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYTI0YzdkNzMtYTMwMS00ZjdkLWIzNDctMmQ5Njg4ZTYwNGUzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Terra (LUNA) blockchain developer Terraform Labs (TFL) has gifted the Luna Foundation Guard 10 million LUNA worth around $820 million at current prices. <\/p>\n<p>The Luna Foundation Guard (LFG) is a nonprofit organization attached to Terra that is tasked with collateralizing the network\u2019s algorithmic stablecoin Terra USD (UST) to keep it pegged with the U.S. dollar. <\/p>\n<p>Terraform Labs\u2019 latest announcement came via <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> on April 14, but did not outline what the funds will go towards specifically. However, transaction <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/finder.terra.money\/mainnet\/tx\/3ED4C98CDE604538264F6D1E712500EBD83664CEBD4E2E72419E07908CC3CD47\">data<\/a> from Terra Finder shows that 7.8 million LUNA (roughly $630 million) was promptly transferred out of the LFG\u2019s reserve wallet yesterday. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">TFL has gifted an additional 10 million <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LUNA<\/a> to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LFG_org?ref_src=twsrc%5Etfw\">@LFG_org<\/a>. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/tNirkgGGm0\">https:\/\/t.co\/tNirkgGGm0<\/a><\/p>\n<p>\u2014 Terra (UST)  Powered by LUNA  (@terra_money) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/terra_money\/status\/1514503832922845191?ref_src=twsrc%5Etfw\">April 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nGiven Terra\u2019s recent form, led by founder Do Kwon who has the goal of accruing $10 billion worth of Bitcoin (BTC) to back the UST\u2019s reserves, many expect that some of the funds will go toward building its stash of digital gold. Another portion of LUNA may be burned (a way in which the UST\/USD peg is maintained.) <\/p>\n<p>Some additional Avalanche (AVAX) tokens could be on the shopping list as well, considering both TFL and LFG purchased $100 million worth of AVAX last week. <\/p>\n<p>Following Terra\u2019s recent (and ongoing) Bitcoin (BTC) buying spree, which includes the purchase of roughly 2,500 BTC ($100 million) only two days ago, the wallet belonging to LFG has become the 3rd largest hodler of digital gold globally, only tailing behind MicroStrategy and Tesla. <\/p>\n<p>The latest donation to the LFG comes just over a month since TFL gifted $1.1 billion worth of LUNA so that it could be burnt to mint UST and grow its reserves. <\/p>\n<p>According to the LFG\u2019s accounting <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dashboard.lfg.org\/\">records<\/a>, its total reserve balance stands at $2.44 billion at the time of writing, with BTC representing around 70% of that figure at $1.71 billion. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">At least the Luna Foundation Guard is buying the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> dip&#8230; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/8ZiPZT9SsD\">pic.twitter.com\/8ZiPZT9SsD<\/a><\/p>\n<p>\u2014 Crypto Rover (@rovercrc) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rovercrc\/status\/1514573683607617539?ref_src=twsrc%5Etfw\">April 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Terra price key support level breaks after 30% weekly drop \u2014 more pain for LUNA ahead?<\/em><\/strong><\/p>\n<p>Despite all of the bullish developments with Terra of late, the price of LUNA is down 7% over the last 30 days to sit at $81.65 at the time of writing.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/terraform-labs-gifts-another-880m-to-luna-foundation-guard\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Terraform Labs gifts another $880M to Luna Foundation Guard &#8220; Terra (LUNA) blockchain developer Terraform Labs (TFL) has gifted the Luna Foundation Guard 10 million LUNA worth around $820 million at current prices. The Luna Foundation Guard (LFG) is a nonprofit organization attached to Terra that is tasked with collateralizing the network\u2019s algorithmic stablecoin&#8230;<\/p>\n","protected":false},"author":1,"featured_media":431997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYTI0YzdkNzMtYTMwMS00ZjdkLWIzNDctMmQ5Njg4ZTYwNGUzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,75493,122378,117,70577],"class_list":["post-431996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-stablecoin","tag-terra","tag-business","tag-donations"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/431996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=431996"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/431996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/431997"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=431996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=431996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=431996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}