Terra | ForkLog

ForkLog 8 12.05.2022

Terra blockchain validators to restart network after LUNA and UST collapse

The Terra project team said validators decided to halt the blockchain at block height #7603700. The move was described as necessary to safeguard the network from potential governance attacks.

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ForkLog 10 12.05.2022

Anchor community proposes trimming UST deposit yield to 4%

The Anchor protocol community proposed reducing the target yield on UST deposits to 4% per year. It is hoped this will help restore parity of the algorithmic stablecoin with the US dollar.

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ForkLog 14 12.05.2022

Terraform Labs outlines additional measures to restore LUNA and UST

Terraform Labs proposed a number of measures aimed at restoring the algorithmic stablecoin UST and the cryptocurrency LUNA.

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ForkLog 15 12.05.2022

Binance delists coin-margined LUNA perpetual contracts

The Binance Futures cryptocurrency derivatives platform delisted coin-margined LUNA perpetual contracts. For USDT-denominated instruments, leverage was reduced from 21-25x to 8x.

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ForkLog 22 12.05.2022

BlackRock and Citadel deny involvement in UST crash as LUNA slumps to $0.01

The asset-management titan BlackRock and hedge fund Citadel Securities deny involvement in the collapse of the algorithmic stablecoin UST and the cryptocurrency LUNA.

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ForkLog 12 11.05.2022

Terraform Labs CEO outlines plan to rescue UST as LUNA tumbles below $1

Terraform Labs chief Do Kwon unveiled a plan to restore the price of the algorithmic stablecoin UST. Against this backdrop, LUNA breached the $1 mark.

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ForkLog 10 11.05.2022

QuadrigaCX co-founder earned $760,000 from UST collapse

The co-founder of the bankrupt Canadian exchange QuadrigaCX, Michael Patrin, took advantage of the decline of the algorithmic stablecoin TerraUSD (UST) and earned about $760,000. PeckShield researchers found this.

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ForkLog 28 11.05.2022

LUNA price plunges 86% as UST stablecoin slides

On Wednesday, May 11, the Terra ecosystem's algorithmic stablecoin TerraUSD (UST) again lost its peg to the US dollar. The cryptocurrency used to issue it, LUNA, collapsed by 76.4%, according to CoinGecko.

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ForkLog 8 10.05.2022

UST Stablecoin Loses Dollar Peg Amid Crypto-Market Collapse

Against the backdrop of the crypto market crash, Terra's algorithmic stablecoin TerraUSD (UST) again lost its peg to the US dollar. In the night of May 10, the asset traded below $0.62 (Coinbase).

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ForkLog 9 09.05.2022

LFG allocates $1.5bn to back the UST peg

The Luna Foundation Guard (LFG) Council will provide a $1.5 billion loan to OTC traders to back the {{AOPEN_1}}algorithmic stablecoin{{ACLOSE_1}} TerraUSD (UST) to the dollar amid market volatility.

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ForkLog 18 08.05.2022

UST stablecoin briefly lost its peg to the US dollar amid Anchor outflows

Against the backdrop of a decline in deposit yields over a little more than two days, more than 2.2 billion UST were withdrawn from the Anchor protocol. As a result, the Terra ecosystem's algorithmic stablecoin briefly lost its peg to the US dollar.

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ForkLog 11 05.05.2022

Luna Foundation Guard adds 37,863 BTC worth $1.5 billion

The non-profit Luna Foundation Guard (LFG) has added 37,863 BTC for a total of about $1.5 billion. The deal was conducted on the over-the-counter market, with Genesis Global Trading and Three Arrows Capital acting as intermediaries.

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