Terra founder Do Kwon confirms fixed income protocol Anchor may switch to dynamic interest rate model
Terra ecosystem researcher bitN8 also proposed a semi-dynamic interest rate governance proposal on 3/2, hoping that Anchor can achieve the highest stable yield in the DeFi field while moving towards a prudent and sustainable direction. Terra founder Do Kwon confirmed that the protocol is likely to be reformed according to this proposal.
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LFG Foundation Supplements Reserve Record
February 23, 2022: Completed a $1 billion private token sale to establish a Bitcoin-denominated UST forex reserve. Source
March 9, 2022: LFG Foundation board members vote to burn approximately 4.2 million LUNA tokens to mint UST for sale from the Curve liquidity pool. Funds obtained will be used by LFG Foundation to purchase Bitcoin as reserves. Source
March 11, 2022: Terra "donates" another 12 million LUNA tokens to LFG Foundation for burning and minting UST as part of LFG reserves. Source
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