A statement from the Luna foundation on how reserves were used during the UST and Luna collapse.
The description is as follows:
“As of May 7, 2022, the Luna foundation’s reserves were as follows:
80,394 BTC
39,914 BNB
26,281,671 USDT
23,555,590 USDC
1,973,554 AVAX
697,344 UST
1,691,261 LUNA
Our nonprofit converted its reserves to UST on May 8, when the UST price began to drop below $1.
The foundation did this through on-chain swaps.
26.2 million USDT and 23.5 USDC were sold for a total of 50 million UST.
52189 Bitcoin transferred for sale, 5313 returned.
With the UST falling below 0.75, as previously decided, all instruments were used to defend the UST and the following trades were made on the exchanges:
33206 Bitcoins were sold for 1,164,018,521 UST.
222 million Lunas were bought by selling UST and these were allocated to validators for security.
The Foundation currently has:
313 BTC
39,914 BNB
1,973,554 AVAX
1,847,079,725 UST
222,713,007 LUNA (distributed to validators)”
The foundation recently announced that they want to use the remaining assets to compensate for losses, starting with the smallest owners, and they discussed distribution methods, with new updates coming soon.