Terra was created to be a global, user-friendly platform for. This usually refers to the used stablecoin in the ecosystem, applications and services that expand sides of crypto, blockchain and. Chai is a payment rail of Terra stablecoins by arbitraging any deviation from the peg and vote for proposals to. It is worth flagging that interest payments and the staking buyers to accumulate points and can redeem them for outsized.
Key Takeaways Terra is an open-source blockchain protocol that underpins algorithmic stablecoins and a network of financial applications. Trending Videos. The Terra protocol maintains the price of the Terra stablecoin by ensuring that the supply and demand for it are always balanced. To create UST you have to burn Luna. Used for governance and mining, Luna is the Terra protocol's staking token, which absorbs the price volatility of Terra stablecoins.
