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Difference between revisions of "LUNA Collapse in May 2022"
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→Rescue efforts and second depeg: couple more recent developments
(→Aftermath: updates for terraform legal team quitting, south korean lawmakers wanting do kwon, and unofficial preliminary vote on the eco proposal) |
m (→Rescue efforts and second depeg: couple more recent developments) |
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* 10% - Luna holders (staking derivatives included) at the “Launch” snapshot - 10% unlocked at genesis, 90% vested over 2 years thereafter | * 10% - Luna holders (staking derivatives included) at the “Launch” snapshot - 10% unlocked at genesis, 90% vested over 2 years thereafter | ||
* 25% - UST holders at the “Launch” snapshot - 10% unlocked at genesis, rest vested over 2 years thereafter | * 25% - UST holders at the “Launch” snapshot - 10% unlocked at genesis, rest vested over 2 years thereafter | ||
</blockquote>If passed, the network has a planned launch for May 27th.<ref name=": | </blockquote>If passed, the network has a planned launch for May 27th. The official vote on Terra Station went live on May 18th.<ref name=":2">https://station.terra.money/proposal/1623</ref> | ||
== Chainlink Oracle failure == | == Chainlink Oracle failure == | ||
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South Korea's ruling party called for Do Kwon to attend questioning at a parliamentary hearing regarding the collapse.<ref>https://watcher.guru/news/heres-how-much-trouble-terra-do-kwon-is-in-following-usts-demise</ref> | South Korea's ruling party called for Do Kwon to attend questioning at a parliamentary hearing regarding the collapse.<ref>https://watcher.guru/news/heres-how-much-trouble-terra-do-kwon-is-in-following-usts-demise</ref> | ||
Terraform Labs legal team resigned and the company is using outside counsel.<ref>https://www.theblockcrypto.com/post/147390/terraform-labs-legal-team-resigns-after-ust-collapse</ref> | Terraform Labs legal team resigned and the company is using outside counsel.<ref>https://www.theblockcrypto.com/post/147390/terraform-labs-legal-team-resigns-after-ust-collapse</ref> | ||
South Korea’s government is seeking a $78.5m tax payment from Terraform Labs/Do Kwon.<ref name=":2" /> | |||
== Investors and Promotors == | == Investors and Promotors == | ||