The Luna Foundation Guard, a new decentralized organization developed to support the Luna ecosystem, has been launched last week in Singapore. The institution will offer funding in the form of grants to support initiatives built on top of the Luna network. One of its biggest functions will be to establish a “forex reserve” that will aid UST, the companion stablecoin of the Luna ecosystem, to maintain its peg. Luna Foundation Guard Launches to Support Terra Ecosystem The Luna Foundation Guard, a non-profit organization, has launched to help support and maintain the Terra ecosystem as a decentralized counterparty to Terraform Labs, the company behind the UST currency. This organization will have different functions, including the promotion of the ecosystem and also the direct financing of different programs through grants , which will be given through its website starting January 31. Do Kwon, co-founder of Terraform Labs, announced this new initiative via Twitter, informing followe
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