Terra Announces New Emergency Measures To Support LUNA And UST

-Terraform Labs has proposed three new emergency measures to save LUNA and UST stablecoin.
-The company has proposed to burn all UST in the community pool, burn the remaining 371 million UST cross-chain on Ethereum, and stake 240 million LUNA to protect from network governance attacks.
-Terraform Labs to increase UST burning and stake LUNA
-Terraform Labs has started implementing the emergency measures to save LUNA and re-peg the UST.
-The company aims to burn over 1 billion UST in the community pool and burn the remaining 371 million UST cross-chain on Ethereum under its Agora proposal.
-With the staking of 240 million LUNA, the company aims to strengthen Terras economy and prevent governance attacks.
-While Treasury Secretary Janet Yellen recently criticized risks in Terras UST stablecoin, the Securities and Exchange Commission (SEC) is rumored to have started an investigation against UST.

 

 

terra founder Terra Announces New Emergency Measures To Support LUNA And UST
Terra Announces New Emergency Measures To Support LUNA And UST 2

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