Luna Foundation Guard (LFG) is a nonprofit organization dedicated to fostering the growth and stability of the Terra blockchain ecosystem. Its primary mandate is to bolster the algorithmic UST stablecoin, which maintains its U.S. dollar peg through market incentives rather than traditional collateral. To reinforce this mechanism, LFG is establishing a bitcoin-denominated foreign-exchange reserve that can be deployed during periods of market stress to defend UST’s peg. The foundation also engages in broader ecosystem initiatives, exemplified by the Terra network’s recent $40 million sponsorship of the Washington Nationals baseball team. LFG’s activities come amid heightened regulatory scrutiny, with Terraform Labs and CEO Do Kwon recently ordered by a U.S. court to comply with SEC subpoenas. The price of LUNA, Terra’s native token, rose 3.5% following news of LFG’s latest funding, outperforming a generally declining crypto market. Financial details beyond this fundraise, such as revenue or user metrics, were not disclosed in the article.

Total raised

$1.0B

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2022