TerraUSD 稳定币受到 10 亿美元比特币支持储备的稳定

Luna Foundation Guard (LFG) 已完成价值 10 亿美元的 LUNA 私人发售，LUNA 是 Terra 区块链的原生代币。此次出售包括 Jump Crypto、Three Arrows Capital 等主要加密货币投资者的参与，是加密货币历史上最大的私募出售，将用于为 TerraUSD (UST) 稳定币建立以比特币计价的外汇储备。此举是 LFG 为促进 Terra 生态系统及其原生代币的稳定性和可持续性而做出的努力的一部分。

TerraUSD Stablecoin Bolstered by $1 Billion Bitcoin-Denominated Forex Reserve

TerraUSD 稳定币受到 10 亿美元比特币计价外汇储备的支撑

Singapore, March 16, 2022 - The Luna Foundation Guard (LFG), a non-profit organization dedicated to fostering the growth and adoption of Terra's decentralized economy, has concluded its landmark private LUNA sale, raising an unprecedented $1 billion. This transaction, the largest private sale in the history of cryptocurrency, marks a significant milestone for the Terra ecosystem and its flagship stablecoin, TerraUSD (UST).

新加坡，2022 年 3 月 16 日 - Luna Foundation Guard (LFG) 是一家致力于促进 Terra 去中心化经济的增长和采用的非营利组织，已完成其具有里程碑意义的私人 LUNA 销售，筹集了前所未有的 10 亿美元。此次交易是加密货币历史上最大的私募交易，标志着 Terra 生态系统及其旗舰稳定币 TerraUSD (UST) 的一个重要里程碑。

Creation of Bitcoin-Denominated Forex Reserve

建立以比特币计价的外汇储备

The primary purpose of the LUNA sale was to establish a Bitcoin-denominated foreign exchange (forex) reserve for UST, the largest stablecoin on the Terra blockchain. This reserve is designed to serve as a buffer against potential market volatility and maintain UST's peg to the US dollar.

LUNA 销售的主要目的是为 Terra 区块链上最大的稳定币 UST 建立以比特币计价的外汇储备。该储备金旨在缓冲潜在的市场波动，并维持 UST 与美元的挂钩。

Addressing Algorithmic Stablecoin Criticisms

解决算法稳定币批评

The decision to create a forex reserve for UST stemmed from the inherent vulnerabilities associated with algorithmic stablecoins. Unlike collateralized stablecoins, which are backed by real-world assets, algorithmic stablecoins rely on a complex set of algorithms and incentivization mechanisms to maintain their peg. This can make them susceptible to sudden price declines in the event of sustained sell-offs.

为 UST 创建外汇储备的决定源于与算法稳定币相关的固有漏洞。与由现实世界资产支持的抵押稳定币不同，算法稳定币依靠一组复杂的算法和激励机制来维持其挂钩。这可能使它们在持续抛售的情况下容易受到价格突然下跌的影响。

Terra acknowledges that UST is unlikely to experience such a scenario, given its widespread adoption as a stable asset during market volatility. However, the forex reserve serves as an additional safety net to mitigate any potential contractionary cycles that could destabilize the system.

Terra 承认，鉴于 UST 在市场波动期间作为稳定资产被广泛采用，因此不太可能遇到这种情况。然而，外汇储备可以作为额外的安全网，以缓解任何可能破坏系统稳定的潜在收缩周期。

Mechanism of the Forex Reserve

外汇储备机制

The $1 billion allocated to the forex reserve will be locked up for a vesting period of four years. This reserve acts as a release valve for UST redemptions, ensuring the price peg is maintained. The algorithm underpinning the stablecoin will adjust the token supply based on price fluctuations, increasing supply when prices rise and reducing it when prices fall.

分配给外汇储备的 10 亿美元将被锁定四年的归属期。该储备金充当 UST 赎回的释放阀，确保维持价格挂钩。支持稳定币的算法将根据价格波动调整代币供应，当价格上涨时增加供应，当价格下跌时减少供应。

Luna Foundation Guard's Commitment to DeFi Projects

Luna Foundation Guard 对 DeFi 项目的承诺

The LFG has consistently prioritized the support of DeFi projects, particularly those focused on the peg stability and sustainability of TerraUSD. This sale marks another significant step in that direction, following the recent $450 million pledge to Anchor, the largest DeFi protocol on Terra.

LFG 一贯优先支持 DeFi 项目，特别是那些专注于 TerraUSD 的锚定稳定性和可持续性的项目。此次出售标志着继最近向 Terra 上最大的 DeFi 协议 Anchor 承诺 4.5 亿美元之后，朝这个方向又迈出了重要一步。

Anchor's extended reserves will allow it to maintain its attractive annual percentage yield (APY) of 19-20%, making it one of the most lucrative options in the DeFi lending market.

Anchor 的扩大准备金将使其能够保持其有吸引力的 19-20% 的年收益率 (APY)，使其成为 DeFi 借贷市场上最有利可图的选择之一。

Positive Impact on LUNA Token

对 LUNA 代币的积极影响

The initiatives undertaken by Terra have had a positive impact on the value of its native token, LUNA. The token has rallied by over 17%, placing it among the top five performers for the day. This rally has reversed the recent downtrend, as indicated by the indicator moving below the candlesticks on price charts. Should the rally continue, LUNA has the potential to break through the $60 barrier.

Terra 采取的举措对其原生代币 LUNA 的价值产生了积极影响。该代币上涨了 17% 以上，跻身当日表现前五名之列。正如价格图表上指标移至烛台下方所示，此次反弹扭转了近期的下跌趋势。如果涨势继续下去，LUNA 有潜力突破 60 美元关口。

Conclusion

结论

The $1 billion private LUNA sale, along with the establishment of a Bitcoin-denominated forex reserve, represents a major step forward for Terra and UST. It underscores the growing confidence in algorithmic stablecoins and the LFG's commitment to maintaining their stability and sustainability. As Terra continues to foster the adoption of its decentralized financial ecosystem, these initiatives will undoubtedly play a crucial role in its long-term growth and success.

价值 10 亿美元的 LUNA 私人出售以及以比特币计价的外汇储备的建立，标志着 Terra 和 UST 向前迈出了重要一步。它强调了人们对算法稳定币日益增长的信心以及 LFG 对维持其稳定性和可持续性的承诺。随着 Terra 继续促进其去中心化金融生态系统的采用，这些举措无疑将对其长期增长和成功发挥至关重要的作用。