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
Lookonchain: Curve Founder Michael Egorov Repays All Debt on Aave Lookonchain: Curve Founder Michael Egorov Repays All Debt on Aave
Terra Classic Community Decides to Stop Minting $USTC in Effort to Re-Peg $USTC to USD Terra Classic Community Decides to Stop Minting $USTC in Effort to Re-Peg $USTC to USD
California Court Rejects 3 VC Firms' Lawsuit Against Curve Founder California Court Rejects 3 VC Firms' Lawsuit Against Curve Founder
Curve Goes Live on Layer2 Network Base Curve Goes Live on Layer2 Network Base
DWF Labs Withdraws 2M $CRV from Binance to On-Chain Wallet DWF Labs Withdraws 2M $CRV from Binance to On-Chain Wallet
Latest News More More
9 Hours Ago ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’
9 Hours Ago Ripple faces securities suit in California over CEO’s ‘misleading statement’
1 Day Ago SEC Ends Probe Into Consensys, Won't Sue Over Ethereum
1 Day Ago Layer 2 network Blast to roll out its token airdrop next week
2 Days Ago Telecom Giant and T-Mobile Parent Deutsche Telekom Plans to Mine Bitcoin
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open