Luna Foundation Guard (LFG) Reserves
Reserve Balance Over Time (USD)
Reserve Balance Breakdown (USD)
The LFG Council has voted to execute the following:
- Loan $750M worth of BTC to OTC trading firms to help protect the UST peg.
- Loan 750M UST to accumulate BTC as market conditions normalize.
The traders will trade the capital on both sides of the market to help accomplish both #1 and #2, eventually maintaining parity of the LFG Reserve pool (denominated in BTC) as market conditions progressively stabilize.
For more details, please reference this announcement here
Please note that BTC reserve balances have been loaned out as voted by the LFG council. Refer to footnote below for more information