2 days ago · 3 min read
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals.
Luna CEO Do Kwon proposes forking LUNA, UST to reimburse hodlers
Luna Foundation Guard CEO Do Kwon suggests forking LUNA to a new chain using a snapshot from before the attack
LUNA, UST re-listed on Binance – ‘there is progress’
Binance announced that it will relist LUNA/BUSD and UST/BUSD pairs for spot trading starting 14:00 UTC on May 13.
Exchanges begin delisting LUNA, Binance explains why
Terra has announced proposals to correct the state of things by burning UST, but that may not be enough to remedy the network.
Pro-crypto SEC commissioner foresees faster stablecoin regulations after Terra crash
The crash of Terra’s UST mean that US regulators could work faster to establish some framework for stablecoins.
Do Kwon fears for his safety following Terra (LUNA) implosion
An unknown person knocked on Do Kwon's front door asking for him, before fleeing the scene. Local police have opened an investigation.
TerraForm Labs proposes to burn $1.3B in UST to save LUNA
Terraform Labs scrambles to save LUNA with another burn proposal that sacrifices roughly 8% of the total supply of UST.
Terra founder reportedly has link to failed stablecoin, Basis Cash
Basis Cash is an algorithmic stablecoin pegged against the US dollar that failed to achieve stability against the dollar.