Terra (LUNA)

By: WEEX|2024/11/06 04:14:42
0
Share
copy

Terra is a blockchain platform focused on providing stablecoins and decentralized financial applications. Its native token, LUNA, is used for governance, staking, and maintaining the price stability of Terra's algorithmic stablecoins, such as UST. Terra’s stablecoins are pegged to various fiat currencies and are stabilized through an arbitrage mechanism involving LUNA, where users can swap between LUNA and Terra stablecoins to maintain the peg. Terra gained significant adoption in the DeFi space with applications like Anchor Protocol (for lending and borrowing) and Mirror Protocol (for synthetic assets). Example: TerraUSD (UST) is a stablecoin that maintains its value through Terra’s algorithmic system, which relies on LUNA to absorb market volatility.

You may also like

Buy USDT with USD/EUR on WEEX for Zero Fees & Cashback

Unlock up to 125 USDT in rewards on WEEX! Buy USDT with USD/EUR with zero fees, earn 3% cashback, and claim exclusive crypto futures bonuses. Offer ends Jan 25, 2026. Join now!

Introducing RollX: Complete Guide to $ROLL and Airdrop Opportunities

RollX ($ROLL) is a Base-native decentralized perpetual trading platform that delivers CEX-speed execution fully onchain, with 100% community ownership. Learn its tokenomics, ecosystem impact, and how to claim free tokens in the WEEX $50,000 $ROLL airdrop before Jan.23, 2026!

What is Immunefi? $IMU is available on WEEX Pre-Market

Immunefi is a unified security operations platform designed to protect web3 protocols and onchain assets through bug bounties, audits, and AI-powered defenses. It transforms vulnerabilities into opportunities for security researchers while safeguarding over $180B in user funds across 650+ protocols.

What is Warden? $WARD is available on WEEX Pre-Market

Warden Protocol is a purpose-built blockchain infrastructure for the agent economy, integrating AI with Web3 applications to simplify crypto interactions.

Introducing Sport.Fun: Complete Guide to $FUN and Airdrop Opportunities

Sport.Fun ($FUN) is a blockchain-powered fantasy sports platform that lets fans trade digital athlete shares tied to real-world performance. Learn its tokenomics, ecosystem impact, and how to claim free tokens in the WEEX $50,000 $FUN airdrop until Jan.23 2026!

Introducing Owlto Finance: Complete Guide to $OWL and Airdrop Opportunities

Owlto Finance is a cutting-edge, intent-centric cross-chain interoperability protocol that leverages AI agents to deliver lightning-fast, low-cost asset transfers across major ecosystems. Learn its tokenomics, ecosystem impact, and how to claim free tokens in the WEEX $50,000 $OWL airdrop until Jan.22 2026!

Popular coins