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Singapore based non-profit organization supporting the Terra ecosystem raised $1b in growth funding led by Jump Crypto and Three Arrows Capital.
“The reserve assets can be utilized in instances where protracted market selloffs deter buyers from restoring the UST peg’s parity and deteriorate the Terra protocol’s open market arbitrage incentives.”
https://www.theblockcrypto.com/post/134871/luna-founation-guard-token-sale
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