Terra launched in January 2018 as a stablecoin-focused blockchain project. The native cryptocurrency of the Terra blockchain is called LUNA, and the project’s primary goal is to create a decentralized financial ecosystem that is built on top of stablecoins. The Terra team has created a number of protocols and products that are designed to work together to create this ecosystem, and in this guide we will explore some of the key components of the Terra DeFi ecosystem.
Exploring DeFi on Terra
One of the key features of the Terra DeFi ecosystem is the ability to use stablecoins for a variety of different financial applications. The Terra team has created a number of protocols and products that enable this, and in this section we will explore some of the key features of the Terra DeFi ecosystem.
What’s LUNA coin?
LUNA is the native cryptocurrency of the Terra blockchain, and it is used to power the Terra DeFi ecosystem. LUNA is used to pay fees on the Terra blockchain, and it is also used to collateralize the Terra stablecoins. The Terra team has created a number of protocols and products that are designed to work together to create this ecosystem, and in this guide we will explore some of the key components of the Terra DeFi ecosystem.
TerraSwap
TerraSwap is the first decentralized exchange on Terra, and it is powered by the 0x protocol. TerraSwap enables users to trade a variety of different assets, including Terra stablecoins, on a decentralized exchange. TerraSwap is designed to be a simple and user-friendly exchange, and it is integrated with the Terra wallet.
Anchor Protocol
The Anchor Protocol is a decentralized savings protocol that enables users to earn interest on their Terra stablecoins. The Anchor Protocol is integrated with the Terra wallet, and it is designed to be a simple and user-friendly way to earn interest on your Terra stablecoins.
Mirror Finance
Mirror Finance is a protocol that enables users to mirror the price movements of a variety of different assets, including Terra stablecoins. Mirror Finance is integrated with the Terra wallet, and it is designed to be a simple and user-friendly way to track the price movements of a variety of assets.
Pylon Protocol
The Pylon Protocol is a yield redirection protocol that enables users to earn interest on their Terra stablecoins. The Pylon Protocol is integrated with the Terra wallet, and it is designed to be a simple and user-friendly way to earn interest on your Terra stablecoins.
Spectrum Protocol
The Spectrum Protocol is the first decentralized yield optimizer platform on Terra, and it enables users to earn interest on their Terra stablecoins. The Spectrum Protocol is integrated with the Terra wallet, and it is designed to be a simple and user-friendly way to earn interest on your Terra stablecoins.
Orion Money
Orion Money is an Ethereum-based protocol that enables users to earn interest on their Terra stablecoins. Orion Money is integrated with the Anchor Protocol, and it is designed to be a simple and user-friendly way to earn interest on your Terra stablecoins.
