(Redirected from LUNA)
- Based in:
- Started in / Announced on: the week after the UST depeg of Terra Classic (9-5-2022)
- Mainnet release: 28-5-2022
- From Decrypt (22-5-2022):
"When the TerraUSD algorithmic stablecoin (UST) lost its peg, millions of dollars were wiped out in a matter of days. The coin, which used to carry a redeemable-for-a-dollar guarantee, has been trading for just a nickel. And LUNA, its governance token, which last month had a market cap of more than $30 billion, has seen that metric slip to $680 million. The company behind it all got its start in 2018. Right before Terra’s UST lost its dollar peg on May 9, the Luna Foundation Guard Bitcoin reserve had grown to 42.5 BTC, at the time worth $1.4 billion. But when the Bitcoin price started to tank, UST lost its peg and would eventually drag LUNA, the TerraForm Labs team, and thousands of investors down with it."
Audits & Exploits
- Bug bounty program can be found [insert here].
"At the Pre-Attack snapshot, hold:
And/or at the Post-Attack snapshot, hold:
- LUNA (including staking derivatives)
How it works
Their Other Projects
- Can be found [Insert link here].
Projects that use or built on it
Pros and Cons
Team, Funding and Partners
- Full team can be found [here].
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