TRON DAO ដាក់ពង្រាយ $2 ពាន់លានដុល្លារដើម្បីការពារ TRX បន្ទាប់ពីការគាំង LUNA

With Terra getting in the news in the past several days for its failing stablecoin, Justin Sun reassured that the TRON DAO Reserve plans to allocate $2 billion to fight potential attacks against TRX, which seems to be the next target after LUNA.

• In the past week or so, all eyes in and outside the crypto community have been on Terra and its two native cryptocurrencies – LUNA and UST. As គ្រីបតូប៉ូតូតូ សង្ខេប earlier, UST, a stablecoin supposed to be pegged 1:1 with the USD, lost that peg, and its price dumped to a low of $0.2 on Binance.
• Since it’s an algorithmic stablecoin with new tokens issued when users burn LUNA and vice-versa, this massive crash allowed speculators to capitalize on the situation by arbitraging.
• This led to a mind-blowing price drop for LUNA, which as of writing these lines, trades at $1.15. This means that the token has lost roughly 98% of its value in less than a week.
• Due to some similarities in how the stablecoins of Terra and TRON work (both being algorithmic), Justin Sun warned that his project could be the next target of similar attacks.
• He took it to Twitter to គ្រោង the potential threat, saying that the funding rate of shorting TRX on Binance has exceeded 100% APR, later ធ្វើបច្ចុប្បន្នភាព that the percentage has gone to nearly 400.
• However, Sun reassured that the TRON DAO Reserve plans to deploy $2 billion to fight against something similar happening to his project as it did with Terra.
• Sun also noted that USDD (unlike UST) has remained “very stable” amid the latest market volatility. Additionally, he said USDD has a total market cap of $271 million, while the TRON DAO Reserve holds $10 billion.

# USDD remains very stable in today’s market volatility. Current the total cap of # USDD is $271 million and total reserve in @trondaoreserve គឺ ៣៧០ ពាន់លានដុល្លារ។ pic.twitter.com/c9wwbBGsJx

— ឯកឧត្តម Justin Sun (@justinsuntron) ថ្ងៃទី 11 ខែ ឧសភា ឆ្នាំ 2022