Terra Luna Classic (LUNC) Live Price and charts Today

• May 8: After a series of massive UST dumps on Terra’s lending protocol Anchor and stable coin exchange protocol Curve, UST fell to $0.985 on Saturday.
• LFG pledges to lend market makers $750 million in BTC to defend the UST peg and another $750 million in UST to purchase back BTC after volatility has subsided.
• May 9: After UST tries to rebound to $1, deposits on the Anchor protocol drop below $9 billion from $14 billion. The protocol’s token, ANC, dropped 35% during the day.
• UST loses its $1 peg for the second time, falling to as low as 35 cents.
• May 10: Claims that UST’s depreciation results from a Soros-style campaign start to surface.
• May 11: More than half of traders (58%) put futures bets on higher LUNA prices despite Tuesday’s dip, resulting in $63 million in liquidations.
• LUNA approaches price levels last seen in August 2021 on May 11th. Over two days, the value of Anchor, Terra’s largest decentralised finance (Defi) platform, has dropped by $11 billion.
• Do Kwon has been identified as one of the pseudonymous co-founders of the failed algorithmic stablecoin Basis Cash, according to CoinDesk.
• May 12: The price of LUNA drops 96% in one day, to less than 10 cents.
• May 27: Terra v2 Mainnet Launch

• LFG purchased 5,040 BTC on April 6, bringing its total holdings to 35,768 BTC, valued at $1.6 billion.
• LFG added $173 million in bitcoin to its wallet via a series of purchases on April 11. Its wallet now holds 39,897.98 bitcoin.
• April 19, 2022: LUNA surpasses the overall crypto market by 17% in a single day, driving prices above $90. The third-largest stable coin is now UST.
• April 27: The circulating quantity of LUNA tokens reaches an all-time low of 346 million tokens as they are burned to meet surging demand for UST.

• LFG is rumoured to have purchased bitcoin for $125 million on March 25. (2,840 BTC at the time).
• March 28, 2022: The Luna Foundation Guard’s bitcoin wallet address has purchased over 27,000 BTC worth around $1.3 billion in the last six days. 
• Terra’s LUNA coins have risen 10% in the last 24 hours, reaching almost $106.
• LFG purchased 5,773 bitcoins (BTC) for $272 million this week.

Luna Foundation Guard closed $1 billion funding

Feb 23, 2022

LFG closed a $1 billion round of funding through an OTC sale of $LUNA, led by Jump Crypto and Three Arrows Capital, with participation from Republic Capital, GSR, Tribe Capital, DeFiance Capital and others.

Luna Foundation Guard

Jan 19, 2022

Do Kwon announces the creation of Luna Foundation Guard, a group tasked with “building reserves to support the $UST peg amid unpredictable market conditions” and “allocating resources to assist the growth and development of the Terra ecosystem” through awards.

The Luna Foundation Guard (LFG), based in Singapore, raises $1 billion by selling LUNA tokens to buy bitcoin for the United States Treasury’s reserve system, with Jump Crypto and Three Arrows Capital as the principal investors.

CHAI Card

July 2nd,  2020

On July 2nd, CHAI launched the CHAI card for a closed testing period, in which operation and optimization features will be finalized. The CHAI card will support Boost, a discovery portal offering up to 50% discounts with popular brands. With a MasterCard integration, the CHAI card will soon be able to be used globally.

Anchor protocol launched.

July 6, 2020

Terra’s chief of research, Nicholas Platt, announces the Anchor protocol, a Terra-based platform that allows investors to earn a high yield on their deposits while simultaneously borrowing against their crypto assets.

Upgraded Oracle

Columbus-2, June 2019.

Upgraded oracle to be robust against (front-running, validator key exposure), atomic swap safeguards (bidirectional LUNA supply change on market swaps, bidirectional LUNA spread fees on market swaps, change oracle reward scheme from montly seigniorage to validators to minute distribution, swaps halt immediately after illiquid oracle vote), improved CLI/REST interface, improved documentation

Mainnet Launch.

Columbus-1, April 2019. 

Blockchain tools released: Testnet Soju, Terra Faucet, Terra Docs, Terra Station (wallet), Terra Finder (block explorer)