> open event/sog_ev_ust_2022_05_lfg_intervention
LFG reserve intervention context during UST collapse
During the UST collapse window, Luna Foundation Guard reserve intervention became part of the public collapse narrative. SOG records this as collapse-mechanism context linked to the failed UST lifecycle.
Impactcritical
Sources1
TerraUSD
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Terraform Labs
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| Date | 2022-05-09 |
|---|---|
| Type | reserve_intervention_context |
| Stablecoin | TerraUSD (UST) |
| Issuer | Terraform Labs |
| Impact | critical |
| Status effect | failed_context |
| Recovered | no |
| Recovery date | — |
| Failure / mechanism | reserve_intervention_failed_to_restore_peg |
| Confidence | medium |
| Sources | 1 |
| Source | Publisher | Type |
|---|---|---|
| Anatomy of a Stablecoin's failure: the Terra-Luna case | arXiv | research_paper |
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