1/ Some members of the Avalanche Community have inquired about details around the $AVAX reserves that the Luna Foundation Guard and Terraform Labs hold.
Tl;dr: the AVAX is currently immobilized. Below is a transparency report 👇
Tl;dr: the AVAX is currently immobilized. Below is a transparency report 👇
2/ Terraform Labs (TFL) purchased 1.09M AVAX, with a one year lockup. This amount represents around 0.5% of the past week’s AVAX volume.
3/ Luna Foundation Guard (LFG) purchased 1.97M AVAX, to be used for the Terra reserve pool. This allocation represents around 0.9% of the past week’s AVAX volume. Given the proposed Terra chain fork, LFG has disclosed no plans to use the AVAX.
4/ Should any sales be contemplated for the LFG reserves, the Avalanche Foundation is ready to work with LFG on a sensible trading strategy.
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