On the agenda of the Terra Classic community is the issue of what will happen to the Luna Foundation's funds.

▪️ The Luna Foundation's founding purpose was to maintain $UST stability. A large portion of the Foundation's funds were used for this purpose, but $UST stability could not be maintained.

At this point; It is wondered what will happen to the remaining funds of the Luna Foundation. Central coins such as #AVAX and #BNB , which are in the reserves of the foundation, are no longer among the reserves.

We know that AVAX coins were sold to #Avalanche and the fee was transferred to the bankruptcy estate. The same path may have been followed for BNB.

▪️ The Foundation's decentralized wallets include USTC, LUNC and BTC.

It was announced that these funds would be distributed to UST victims, but at this point, we think that burning all USTCs is the best option.

Additionally; It would be the best option to use Bitcoin and LUNC coins, which are among the reserves, including the AVAX and BNB sold, as collateral for USTC stability.

Luna Foundation funds cannot be used for TFL's debt! The purpose of this foundation was to maintain the stability of UST. Now all funds must be used for USTC re-peg.

We will soon see what will happen to the funds...

#TerraClassicUpgrade #TerraClassic $LUNC $USTC $BTC