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Author Topic: A Beginner’s Guide to Terra's DeFi Ecosystem  (Read 589 times)

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A Beginner’s Guide to Terra's DeFi Ecosystem
« on: October 03, 2021, 04:48:52 AM »
Terra is a Layer 1 blockchain protocol that aims to create a thriving payments-focused financial ecosystem offering interoperability with the real-world economy. Its two key ecosystem components are the so-called Terra currencies, scalable algorithmic stablecoins pegged to different real-world fiat currencies, and the LUNA token, a volatility absorption tool that also captures rewards through seigniorage and transaction fees.

An Introduction to Terra
Terra launched in January 2018 to build a decentralized payments system using stablecoins. Since launching, it’s become one of crypto’s most used Layer 1 networks, offering interoperability with the real-world economy and broader crypto ecosystem. A strong sign of its success is the growing adoption of its flagship product, the U.S. dollar-pegged stablecoin UST. It’s currently the fifth-largest stablecoin on the market and is regarded as one of the most decentralized dollar-pegged crypto assets. Terra has also seen increasing usage of its DeFi applications over the last two years.

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A Beginner’s Guide to Terra's DeFi Ecosystem
« on: October 03, 2021, 04:48:52 AM »


zilzylian

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Re: A Beginner’s Guide to Terra's DeFi Ecosystem
« Reply #1 on: October 19, 2021, 11:51:00 PM »
Yes that's right, you can easily trade and send tokens with UST transaction fees, There are a lot of new projects right now and I think their Terra Station Wallet already has some great features for DeFi, Staking and swaps, all using fees with stable coin or LUNA coin
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Re: A Beginner’s Guide to Terra's DeFi Ecosystem
« Reply #1 on: October 19, 2021, 11:51:00 PM »
:)

 

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