Ecological LFG from Terra Design

Terra Public Chain announced on January 20 the creation of the Luna Foundation Guard (LFG), a non-profit organization formed by Terra members and recruitment experts.

The Luna Foundation Guard (LFG) was established in Singapore to support the advancement of technology, support the development of the Terra ecosystem, and improve the stability and robustness of Terra's algorithmic stability coin.

Terra says stablecoins have become the common ground for integration options with DeFi with over $170 billion in retail, resulting in greater online engagement, easier mobility, more usable and efficient than fiat. I believe.

By providing a decentralized release mechanism at the heart of the DeFi group, Terra stability coins, especially TerraUSD (UST), are immersed in a thriving cross-chain environment. . Decentralized stability coins grew rapidly with them. With a current market capitalization of nearly 11 billion, UST is the most stable market for the stock market, ranking fourth after Tether, USDC, and BUSD.

However, algorithmic stability coins have been criticized for the strength of their stablecoins, as they have either recorded the same amount of revenue as the bank or do not support 1:1.

The primary goal of Terraform Labs, the Terra ecosystem, and the LUNAtic community is to dispel the stereotype that algorithmic stability creates inefficiencies. By introducing the demand side of algorithmic stability coins, UST overcame the May LUNA price crash, studying key concepts and improving its design and implementation strategy. .

To be successful, the Terra industry must continue with good investment at different levels. This includes everything from developers and tools to capital resources, training materials to help you onboard new users and developers, to new processes that support the algorithm-based stability model in the event of change.

LFG was created with a focus on the demand-side support that is critical to the success of Terra Stabilitycoin and the consolidation of stable financial positions in the market as a mint alternative for legacy materials.

The primary goal of the LFG is to promote the safety of the UST stake and support the growth of the Terra ecosystem. Establish expectations to support the anchoring of algorithmic stablecoins without change and provide additional research resources for the feasibility of stablecoins.

LFG will also distribute funds to three groups: developers, scientists, community members and others.

Development of open source technologies

research and education

communautary development

LFG is primarily overseen and operated by a Board of Directors and experts including:

Kwon Do (co-founder and PDG, Terraform Labs)

Nicholas Platias (founding member, Terraform Labs)

Kanav Kariya（Jump Crypto 总裁）

Rémi Tetot (Co-founder of RealVision)

Jonathan Caras (Levana Protocol Project Director)

José Maria Delgado (co-founder, Delphi Digital)

Bill Chin, financier director, Binance Labs

LFG is the first to receive funding from the TFL 50 million LUNA grant to provide stable and financial support. Final changes to the current funding framework are underway and will be released next week.