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    Terra LFG

    LFG mission was to build a promote a decentralized economy with the primary focus on Terra and its stablecoins primarily UST. Unlike collateralized stablecoins like USDT or USDC, UST maintain its peg through arbitrage incentives and open market operations which run the risk of depeg during extreme market conditions. To protect UST peg in these extreme conditions, LFG is establishing a decentralized UST Reserve Protocol. This reserve will act as a backstop for UST by swapping UST for other non-correlated assets like BTC in an event UST deviates from its peg.

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    LFG Wallet Transfer History

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    Private token sale

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    LFG wallet address

    • terra1gr0xesnseevzt3h4nxr64sh5gk4dwrwgszx3nw (LFG)

    LFG has raised $1 billion in private LUNA token sale for the purchase of Bitcoin. The raise according to LFG was led by Jump Crypto and Three Arrows Capital, with Republic Capital, GSR, Tribe Capital, DeFiance Capital, and others participating.

    • A total of 31.28M LUNA in LFG wallet was locked in the vesting contract with a total of 31 unique owners.
    • A majority of LUNA private token sale belongs to the 3 owners.

    Funding

    LFG received two separate funding from TerraForm labs including

    • 50M LUNA on 19 January 2022
    • 12M LUNA on 11 March 2022

    Spending

    LFG major spending includes

    • LFG spent (burned) 9.5M LUNA to top up 485M UST into Anchor yield reserve.
    • LFG raised $1 billion to purchase BTC. Around 31M LUNA is locked in vesting contracts
    • LFG spent (burned) 5M LUNA for 450M UST and sell it into Curve pool. Proceeds from this will go back to LFG reserve to purchase Bitcoin.
    • LFG spent (burned) 4.2M LUNA. Proceeds will go back to LFG reserves to purchase BTC.

    Below is the sequence of events that occurred by order of 1 to 6.

    LFG Reserve Balance

    • LFG started with 50M LUNA on 2th Feb 21, most of which is burned or locked in vesting contract.
    • LFG is currently holding on to 12M LUNA.
    • Just announced (15th March), LFG will burn another 4M LUNA for the acquisition of exogenous collateral, and with that 8M LUNA will remain for future growth.

    Wallet addresses associated with LFG

    • terra13h0qevzm8r5q0yknaamlq6m3k8kuluce7yf5lj -> received 9.5M LUNA from LFG
    • terra1qy36laaky2ns9n98naha2r0nvt3j7q3fpxfs2e -> received 5M LUNA from LFG
    • terra1cymh5ywgn4azak74h4gsrnakqgel4y9ssersvx -> received 4.2M LUNA from LFG

    In this dashboard, we will explore the following about LFG

    1. LFG Funding
    2. LFG Spending
    3. LFG Wallet Transfer History
    4. LFG Reserve Balance
    5. Private token sale