How Bitcoin Will Keep UST's Peg (The Defender Mechanism)
16 Apr 2022 2 minute read 11 comments βοΈ0πDΜΏΝ§ΜΝ£ΜΊΝΝΝπ °π π Έπ ³eΝ€
The Terra blockchain is based on the LunaΒ and its stablecoins, most notably TerraUsd (UST). However UST mint takes place via Luna. Terra Foundation is trying to limit Luna's importance in the UST peg.The foundation headed by Do Kwon to stabilize UST'...