Despite the overwhelming approval of the proposal as of Wednesday, many Terra users on social media suggested the network burn its LUNA tokens.
Do Kwon proposes Terra hard fork to save ecosystem
Terraform Labs will put the proposal up for a governance vote on May 18 Asia time.
Vitalik: Terra should protect the smallholders, not the whales
Vitalik Buterin has called for relief for the average UST smallholder who got lured in by promises of high stablecoin yields by crypto influencers.
Major validator calls for ‘completely new chain’ to replace Terra
The operator of a major validator node on Terra is displeased with how events unfolded leading to the cessation of the chain, and hopes a whole new blockchain will be created to replace it.
Terra peg mechanism in doubt as UST crashes to 67 cents
Terra USD (UST) and its backing coin LUNA have been in a veritable nosedive in price and market cap since major sell-offs began in the ecosystem.
LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves
LFG outlined that it will first loan out $750 million worth of BTC to over-the-counter trading firms to manage the capital and “help protect” UST.
Bitcoin price target now $29K, trader warns after Terra weathers $285M ‘FUD’ attack
Doom and gloom continues for Bitcoin markets as Terra’s Do Kwon brushes aside a “deliberate and coordinated” attack on its TerraUSD and LUNA tokens.
Terra’s UST flips BUSD to become third-largest stablecoin
UST market cap has surged to flip BUSD, however, its trading volumes are still only around one-fifth worth of the Binance digital dollar.
Terraform Labs gifts another $880M to Luna Foundation Guard
After receiving a $1.1B donation last month, the Luna Foundation Guard has received another 10M LUNA tokens from Terraform Labs.
Terra LFG outdoes MicroStrategy with 5K BTC buy after Bitcoin price dips under $45K
Price action is struggling, giving Terra and Do Kwon the perfect opportunity to “buy the dip.”
Biggest future BTC whale explains why Bitcoin was chosen for ‘decentralized Forex reserve’
Terra co-founder Do Kwon reveals that the firm will be buying Bitcoin “in perpetuity” to back new mints of its UST stablecoin.
Terra founder reveals what will happen to UST if Bitcoin price crashes
Do kwon told Laura Shin on her Unchained podcast that he is betting on the long term growth of BTC price and isn’t worried about short term volatility.
BTC price almost clears $43.5K with Terra $125M Bitcoin buy-ins gathering pace
A third tranche of USDT leaves a wallet thought to hold funds earmarked to purchase at least $3 billion of Bitcoin.
‘We’re already buying’: Terra founder plans to obtain $10B BTC for reserves
Kwon also bullishly emphasized that its stablecoin TerraUSD (UST) backed by $10 billion-plus in BTC reserves will “open a new monetary era of the Bitcoin standard.”
Terra injects 450M UST into Anchor reserve days before protocol depletion
The move is designed to maintain the stablecoin savings protocol’s lucrative yield of approximately 20% per annum.
XDEFI Wallet integrates Terra and launches liquidity program
The platform reported 35,000 users to its Chrome extension wallet in the first few weeks following launch.