It turned out that Luna Foundation Guard (LFG) and Terraform Labs spent a total of $3.4 billion to maintain the $1 stability of TerraUSD (UST).
LFG 16 November In the announcement he shared on his official blog site on LFG and Terraform Labs’ It was reported that an independent audit firm was engaged for a transparent review of the efforts to defend the IHR and the audit reports were completed. in the report LFG’s UST 1 dollar for its constancy $2.8 billion worth of cryptocurrencies.
of JS Held In the report he prepared, besides illuminating the events of the IHR collapse, it was also examined whether the LFG had any intention in this incident. The independent audit firm was granted access to all internal wallets during the investigation.
As a result of the company’s investigations, LFG’s 16 May 2022 for the UST to maintain the $1 fixed 80,081 Bitcoins (BTC) and $49.8 Million worth stablecoin spent has been revealed.
In addition Terraform Labs’again from the company capital in order to maintain the constant of UST 613 million dollars spending was also included in the report.
In the LFG statement, the report revealed that all of the foundation’s funds were spent on maintaining the stability of the IHR, and that the remaining funds were on 16 May frozen since then. immovable and intangible stated that.