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Stable Coins are very important in the Terra (LUNA) DeFi Space

Founded in 2018 by Terraform Labs, Terra is an open-source blockchain platform for algorithmic stable coins, which are pegged versus traditional fiat. Terra’s native currency Luna is a versatile token in the network which has played an important role in the establishment and adoption of the Terra platform.

Luna is the native platform token, which does the job of collateralizing and it stabilizes the price of Terra Stable Coins.

Users love the team behind Terra.  They like the different applications built on Terra.  Once with nearly $18 billion in Total Value Locked, Terra became the second-largest DeFi Protocol behind Ethereum.

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Terra (LUNA) has an experienced leadership team, a whitepaper, and a growing community.  Luna has a lot happening and ongoing in terms of development currently.

Terra will be able to communicate with several other blockchains and it has shown incredible growth potential. Investors need to know that investing in Terra or investing in any other cryptocurrencies can mean risking their money and therefore they need to be strategic and they need look beyond the hype.

Terra was built on Cosmos SDK and it makes use of delegated proof-of-stake consensus which is secured by decentralized validators who settle transactions in exchange for rewards. Validators and stakers will be able to participate in the network consensus.  Thus, they will be having the voting power which is proportional to their delegated stakes.

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The stable coin is a very important product in the cryptocurrency space.  It has an important role in fulfilling the job of a currency in the world of cryptocurrencies as it has low volatility.

Terra was launched in 2018 and it made a bold promise to be the system, which will onboard millions of people to digital currency by facilitating a stable environment to improve on crypto adoption. The goal of all of this is to come up with an ecosystem of defi applications that has a strong focus on user experience and simplicity.

Terra Defi Platform

Terra’s mission is, to popularize crypto payments to further enable mass adoption.  To eventually create a larger payment environment which transforms banks, credit networks and payment gateways into an open system.

The stable coin retains the purchasing power and also helps enabling simple and low-cost payments. Terra believes the stable coins are very important in their DeFi Space.

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Cryptocurrencies mean different things to different people from across the globe.  The idea is about retaining the purchasing power.

Some elements of the Terra ecosystem, which users should understand are:

Terra Swap:  Terraswap is a Uniswap-Inspired Automated Market-Maker (AMM) Protocol, which gets implemented with smart contracts on the Terra blockchain. Terra Swap makes it easy for a decentralized on-chain Exchange using different assets, which are involved in the Terra Ecosystem.

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Anchor Protocol

Anchor is a decentralized savings protocol which provides low-volatile Yields on the Terra Stable Coin deposits. The Anchor Protocol defines the money market between a lender, looking to earn stable yields on their stable coins, and a borrower, looking to borrow stable coins on stake-able assets.

Mirror Finance

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Mirror finance is a synthetic protocol which enables users to issue synthetic assets. It permits the creation of fungible assets, “synthetics”, that track the price of real-world assets. The synthetics are intended to be used as major building blocks in the smart contract space, and to further bring the world’s assets to the blockchain.

Pylon Protocol

Pylon protocol consists of a suite of savings and payments products in Decentralized Finance (DeFi) which builds on stable yield-bearing protocols to provide services powered by user deposits.

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Spectrum Protocol

Spectrum protocol is an innovative, decentralized yield optimizer platform, which permits users to earn Compound Interest on their crypto assets farming. Spectrum is a completely decentralized autonomous organization (DAO). There is no privileged access and all changes are to me made through voting.

Orion Money

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Orion money is a new cryptocurrency savings platform and DeFi ecosystem, which is designed to enable users to maximize their returns on their stable coins. Orion money will provide a cross-chain bank for stable coins, but it will also be used as a DeFi product hub that will help users to grow their assets.

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