🌚UST DRAMMA | LUNA REKT???🌝 PART 2

LUNA IS A BIG COMPANY, THEY CAN’T DIE:

Yes, terra has a big ecosystem, but check the chart on defillama, they started to grow after offering APR for UST. ~70% of transactions and 65% TVL were from ANCHOR and UST.

Terra foundation has probably more than 50 employees with a salary of more than $100k a year for each of them. People were paid in UST and LUNA. Do they happy now? Do you think now Terra foundation which liquidated most of its money has enough treasury funds to pay salaries and operate such a huge organization?

FUN FACT:

Do Kwon, Luna founder also was one of the Basis Cash creators (failed algorithmic stable from 2020)

https://www.coindesk.com/tech/2022/05/11/usts-do-kwon-was-behind-earlier-failed-stablecoin-ex-terra-colleagues-say/

LET'S HELP LUNA:

What are you going to save and what is the price for saving? How much more crypto do they need to sell to support UST? Who gonna pay it? Now they telling people to buy LUNA and support them. OK. But there is no actual plan besides minting LUNA and asking the community to pump it back.

Check this >>
https://twitter.com/sassal0x/status/1524596668833746944?s=20&t=VO_pXzmWdoItjAQS6AhWIw

In my eyes, LUNA and UST rekt.