Terra Announces Non-Profit ‘Luna Foundation Guard’

THELOGICALINDIAN - Terra Lunas lunatics accept had their architect set on a multipart advertisement that is set to bare and this anniversary the aboriginal allotment of the addle has appear to life

This week, Terra appear the accumulation of a new non-profit organization, the Luna Foundation Guard (LFG), that is “dedicated to acknowledging the advance of open-source technology, facilitating the advance of the Terra ecosystem, and convalescent the sustainability and adherence of Terra’s algebraic stablecoins.”

Terra Says “LFG”

Terra has launched a committed landing page, lfg.org, analogue the team, mission, and allotment & grants about LFG. The new non-profit will accent a cardinal of above pillars that they see as amount in advancing the ecosystem.

Founder and CEO of Terraform Labs, Do Kwon, additionally appear a contempo cheep cilia highlighting the above pillars abaft LFG:

1/
1 out of 3 💎 https://t.co/PcxKtGhpeT is born:
– a non-profit foundation
– absolute by top builders in @terra_money eco
– committed to $UST adherence and adoption
– decentralizing amount teams abaft @terra_money https://t.co/p6PkN4cWE0
— Do Kwon 🌕 (@stablekwon) January 20, 2022

In all, the Foundation will serve as a apparatus to abide active assurance and acceptance of Terraform Lab’s growing stablecoin, UST. Acceptance of UST has connected to abound as the token, apparent broadly as one of the best decentralized yet boilerplate stablecoin options currently available, approaches an $11B bazaar cap.

The above Do Kwon will advance the allegation for the Luna Foundation Guard, alongside founding affiliate Nicholas Platias and several administering board members. The aggregation will arrange foundation grants, starting at the end of the month, to blockchain projects in the ecosystem that abode open-source development, analysis and education, and association advance aural the Terra network.

One Of Three… What’s To Come?

As mentioned previously, this advertisement is slated to be the aboriginal of three, from what started as a brain-teaser angel of the awning photo acclimated here. That photo led abounding ‘lunatics’ to brainstorm on what could be advancing – the two intersecting circles led abounding to accept that an admission MasterCard affiliation could be coming, and abounding Terra fanatics believed that some array of Bitcoin-related abutment could be brought to activity as well.

Speculation aside, the Terraform Labs-created blockchain continues to shine, afresh becoming the aboriginal decentralized stablecoin to accomplish a $10B bazaar cap as able-bodied as launching a new automatic bazaar maker (AMM), Astroport.

For now, the LFG webpage still has a “{redacted}” section, so don’t be afraid if the advancing two announcements, which could acceptable be apparent over the weeks to come, are extensions or added pieces of the non-profit.