Do Kwon: Terraform Labs Removed 150M $UST from Curve to Get Ready for 4pool

Do Kwon, the founder of Terra, responded CISO of Polygon Mudit Gupta's question regarding Terraform Labs removing 150m $UST from Curve yesterday on his twitter. He said that Terraform Labs removed the liquidity to get ready to deploy into 4pool next week. The 84m $UST dump was not done by Terraform Labs, who removed another 100m $UST to lessen the imbalance. Do Kwon also said that Terraform Labs has no incentive to depeg $UST.
Source

Terra

Curve

In This Article

Related News
Avalanche buys back $53M of AVAX tokens from Terra’s LFG Avalanche buys back $53M of AVAX tokens from Terra’s LFG
Curve Finance reduces CRV emissions, boosting DAO sustainability Curve Finance reduces CRV emissions, boosting DAO sustainability
Terra chain halts operations, ASTRO token falls over 60% Terra chain halts operations, ASTRO token falls over 60%
Latest News More More
12 Hours Ago Daily Market Wrap | Aug. 19
1 Day Ago Daily Market Wrap | Aug. 18
4 Days Ago Daily Market Wrap | Aug. 15
5 Days Ago Daily Market Wrap | Aug. 14
6 Days Ago Daily Market Wrap | Aug. 13
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open