News/LFG Votes to Burn Another 4 Million $LUNA to Mint Roughly 372 Million $UST

LFG Votes to Burn Another 4 Million $LUNA to Mint Roughly 372 Million $UST

Mar 15,2022,19:33
The Terra Ecosystem nonprofit Luna Foundation Guard (LFG) has voted to burn another 4 million $LUNA to mint roughly 372 million $UST, which will be used to acquire exogenous collateral. Once this burn is completed, LFG's non-$LUNA reserves will roughly sit at a value of $2.2 billion, as well as 8 million $LUNA remaining for future growth.
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