Terra LFG

    Create a dashboard that updates daily to display the Luna Foundation Guard yield reserve. As well, provide at least one visualization and one metric that you think is related to the yield reserve’s growth or depletion.

    What is the Terra LFG

    The LFG is a non-profit organization established in the Republic of Singapore dedicated to supporting the advancement of open-source technology, facilitating the growth of the Terra ecosystem, and improving the sustainability and stability of Terra’s algorithmic stablecoins. The current governing counsil of the the LFG is:

    • Do Kwon (Co-Founder and CEO of Terraform Labs)

    • Nicholas Platias (Founding member of Terraform Labs)

    • Kanav Kariya (President of Jump Crypto)

    • Remi Tetot (Co-Founder of RealVision)

    • Jonathan Caras (Project Lead at Levana Protocol)

    • Jose Maria Delgado (Co-Founder of Delphi Digital)

    • Bill Chin (Head of Binance Labs Fund)

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    LFG Yeild Reserve analysis

    The graph above shows the total amount of UST in the Anchor yield reserve. The two big pieces of information this graph shows is that since mid december 2022 the yield reserve started depleting at a high rate and there was almost 500 Million UST transferred to the yield reserve in mid February 2022. the transfer of the UST recent came from the LFG.

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    The graph above shows the Daly token balance in the LFG wallet. The graph shows the LFG was funded with $3 Billion of LUNA during late January and since then the wallet has been using ist LUNA agressily. The two major Uses of the LFG luna were used in funding the yield reserve and Vesting LUNA to buy BTC.

    To buy BTC from the LUNA reserve the LFG locked up LUNA in a vesting contract in exchange. The graph above shows the number of BTC vesting contracts created per day. Most of the vesting contracts were created in mid February.

    Conclusion

    The LFG received $3 Billion worth of LUNA at the end January they have spent that LUNA aggressively to help secure the Terra ecosystem by increasing the sustainability of anchor and strengthening the peg of UST.

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