TechFlow news — FatMan, a member of the Terra Research Forum, tweeted that according to an insider close to Terraform Labs (TFL), Do Kwon is developing a design plan for a new decentralized stablecoin that will be built on the Terra 2 network.
Previously, on May 28, FatMan stated that the Mirror protocol smart contract under Terraform Labs had long-standing vulnerabilities, resulting in losses exceeding $30 million over seven months.
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