Terra has launched the Luna Foundation Guard (LFG) which is a new non-profit organization dedicated to:
- promote the evolution of open-source technology
- facilitate the growth of the Terra ecosystem
- strengthening the sustainability and stability of Terra’s algorithmic stablecoins
A specific landing page, lfg.org, has been created by Terra, that details the team, mission, and funding and grant opportunities associated with LFG. The new non-profit organization will place a strong emphasis on a number of fundamental pillars that they believe are critical to the advancement of the ecosystem.
The Foundation will act as a medium for sustaining engagement and adoption of Terraform Lab’s UST stablecoin, which is rapidly gaining traction. The token, which is widely regarded as one of the most decentralized yet mainstream stablecoin options currently available, is approaching an $11 billion market valuation.
That’s all new from Terra for now. Wrap!
