14 Oct 202411:47
Project update
Avalanche to repurchase AVAX sold to Terra's LFG in 2022 deal

Avalanche to repurchase AVAX sold to Terra's LFG in 2022 deal

While the Avalanche didn't announce the deal's financial terms, the current value of 1.97M AVAX is about $56M, a 44% decrease from the original $100M value. The agreement will be enacted pending approval from the court in charge of Terraform Labs' estate.