Web13 May 2024 · The price of Terra (LUNA) imploded in May 2024 (CoinMarketCap) Earlier this week, UST decoupled from the dollar and fell to as low as $0.29. The Luna Foundation … Web18 May 2024 · Both UST and LUNA exist on the Terra blockchain and are overseen by the non-profit Luna Foundation Guard (LFG), which stockpiled roughly $3.5 billion in bitcoin and other cryptocurrency in the...
Transfer Ust From Bitrue To Terra Station - orrville.net
Web14 Aug 2024 · Here's a hypothetical example -- UST, Terra's U.S. dollar stablecoin, is in demand. That has raised the price to $1.05 when it should be $1. To counteract this, Terra … WebThe Terra-Luna ecosystem and the UST Peg. Terra is a blockchain protocol that produces Luna as its native token. Through a truly innovative algorithmic set up, the Terra protocol pegged UST to the US dollar, while all volatility was sucked in by its sister token - Luna. The way in which the protocol worked was that to create UST you had to burn ... port st john chinese food
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Web26 Jan 2024 · Myself and CoinJournal editor Joe KB discuss the potential regulatory fallout of the UST debacle. I Capitulated. I was one of those scared people. In fact, I sold my UST for 95 cents on the dollar, swallowing a rather uncomfortable 5% loss, as detailed in the Twitter thread below, which I typed as the tears flowed down my face and fell onto my ... Web10 May 2024 · yyctrader. Terra’s stablecoin UST, the poster child for decentralized assets tied to the US dollar, rebounded sharply on Tuesday as it climbed to $0.92 after plunging … Web10 May 2024 · If UST falls below $1, there would be an arbitrage opportunity to buy a UST for say $.98 and then trade it for $1 worth of LUNA. Eventually this trade should bring the price back into sync. port st john animal clinic