When 1 UST is swapped for Luna, Luna gets minted, and UST gets burned, while the opposite is also possible. So, in case UST gets depegged, it creates a serious arbitrage opportunity. ![]() UST is an algorithmic stablecoin, and let’s use swap 1 UST for $1 worth of Luna no matter the market price. Scribd is the world's largest social reading and publishing site. docx), PDF File (.pdf), Text File (.txt) or read online for free. To understand this, let’s get some idea of how Luna and UST work. Officially Dead - Free download as Word Doc (.doc /. Terra □ Powered by LUNA □ May 12, 2022 Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack. and sailors have been officially listed as wounded in the major post-9/11. The Terra blockchain was officially halted at a block height of 7603700. civilians may have died in retaking Mosul and other cities from ISIS but their. To give some context, $1 million in Luna 10 days back will be nearly $100 right now. Colin Fenton and his wife run a computer software company, but only Colin knows that the business is £10,000 in debt. Twitter has already been filled with everyone claiming this is the biggest crash ever witnessed in the crypto industry. The price of Luna has fallen to $0.0108, and the so-called stablecoin UST is trading at $0.1741. ![]() ![]() ![]() While the reason quoted by them is to prevent the blockchain from governance attacks, we all know that there is no recovery from this. /rebates/&252fofficially-dead-pdf. Terra project is officially dead as the blockchain gets halted at a block height of 7603700.
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