$LUNA and $UST Korean investors have filed both civil and criminal lawsuit against Do for committing fraud. They also filed to order a provisional seizure (freeze) of his assets.
They are represented by legal firm LKB & Partners.
old $LUNA turned out to be a VC scam with centralized ownership. the new $LUNA is a good honest shitcoin with decentralized ownership owned by bottom buyers
Status update: a grassroots movement from a consortium of @terra_money developers is rallying support for restoring the ecosystem & L1,
This time with actual decentralized ownership by its users, not TFL.
If you're a Terra developer interested in joining the movement, DM me.
During the second week of operation, the Economic Boomerang 🪃 bought back $30k worth of $SPA from the open market📈
Stakers received over 450,000 $SPA this week: 721% APY with 4 yr lockup 🤯💰
we are entering the value zone for $LUNA. it's time start bidding on liquidations as leverage gets flushed out of the system. $UST growth marches onwards relentlessly
We are happy to announce the integration of @SperaxUSD on our platform. They've launched the long awaited veSPA staking. Stake & earn more $SPA from:
- 100% of protocol fees
- 50% of yield earnings on $USDs TVL
- $SPA rewards
Stake now: app.sperax.io/veSpaStake
it's the year 2030. your favorite ERC-20 is getting delisted because the UI cannot handle the number of leading zeros in front of it. the exchange quotes you a price in $UST and you capitulate to finally become part of the $LUNA community. we welcome you with open arms 🤝
Boomerang Effect Simulation → If $SPA price goes down, staking rewards go up!
This protects stakers from diminishing returns if the value of the reward token decreases, by increasing staking rewards.