Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022

What is Terra (LUNA)?

Terra Protocol (LUNA) is a cryptocurrency protocol that supports price stability and uses Tendermint’s PoS protocol. The uniqueness of this platform lies in its fairly complete ecosystem. The platform provides a mechanism to ensure the price stability of stablecoins, blockchains, and smart contracts that automatically process transactions on the platform. The project is powered by native LUNA Token and Terra USD (UST). Therefore, Blockchain Terra becomes an attractive building platform for Blockchain-based applications.

Terra offers a variety of stablecoin options that are closely linked to provide energy and stability to payment systems. In it, Terra combines price stability and widespread acceptance of fiat currencies with the same verification properties as Bitcoin. Besides, the project also provides fast payments at a reasonable cost.

Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022

Advantages of Terra . ecosystem

Terra is oriented to become a diversified, highly stable digital ecosystem. Accordingly, some advantages of this ecosystem can be mentioned:

  • High stability: Terra maintains a mechanism for issuing Stablecoins based on actual demand. In case of necessity, the system will use the LUNA token applied to the contract to ensure the value of the price-stabilizing asset Terra.
  • Assets are not liquidated: If with the Maker DAO model, users can be liquidated, with Terra there is absolutely no liquidation. Terra will allow users to own staking tokens and earn from Terra’s own transaction fees.
  • Low Transaction Fees: Transaction fees when customers use Terra’s Stablecoins are almost zero. The fees are extremely competitive compared to many popular Stablecoins on the market such as USDT or USDC.
  • Decentralization: Terra’s network is completely independent, without relying on any centralized organization. Decentralization also empowers more users, the entire network is not easily manipulated by a group of individuals or organizations.
Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022
Terra’s position with other ecosystems

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Terra Coin (LUNA Token)

  • Name: Terra Token
  • Ticker: LUNA.
  • Blockchain: Terra.
  • Consensus Mechanism: PoS
  • Total supply: 996,192,819.
  • Circulation bow: 361,774,012

Terra Ecosystem (Terra Ecosystem)

Data (Data Aggregation)

Tsunami Protocol provides encrypted trading market data to Terra, ready for use by corporate or retail organizations

Oracles (Offchain Data Delivery)

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Smart Contract

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Lending & Borrowing

Anchor Protocol (ANC) is a decentralized lending and savings platform built on the Terra ecosystem. Anchor provides users with a safe solution in depositing savings with stable, low-volatile interest rates on Terra stablecoin (UST) deposits. Anchor plays a role in driving the demand for UST – Stablecoin of the whole country. Terra ecosystem by offering attractive interest rates (currently 20%), leading to an increase in demand for the LUNA token, making the whole ecosystem go up. At the same time, Anchor also provides Borrowing stablecoin feature through locking assets to the platform.

Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022
Anchor Protocol (ANC) is a decentralized lending and savings platform

Mars Protocol is a project similar to Anchor Protocol, where users can deposit money to receive interest and deposit collateral to get a loan. Unlike conventional Lending projects, Mars Protocol, in addition to allowing collateral with assets, also includes collateral without assets for Smart contracts included in the project’s Whitelist.

Central Bank

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Wallet

  • Terra Station is a wallet platform on Terra integrated as a Chrome extension that helps users interact with the smart contract front-ends of the website. To put it simply, Terra Station is like a Metamask version, but for the Terra ecosystem.
Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022
Terra Station is a wallet platform on Terra that is integrated as an extension on Chrome
  • Cross-platform wallets supported on Terra include: Coin98 Wallet, Math Wallet, Mirror Wallet, Oxis

DEX

  • Astroport (ASTRO) is a decentralized exchange following the automatic market-making mechanism (AMM) on the Terra ecosystem. The project is seen as a more complete version of Terraswap (a simple AMM also in Terra), as one of the first AMM with tokens in Terra. Instead of fork Uniswap, Astroport combines 3 types of Pool of Uniswap v2, Curve and Balancer. This helps users who trade or provide liquidity to easily find the right Pool for them.
Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022
Astroport (ASTRO) is a decentralized exchange based on automatic market making mechanism (AMM)
  • Terraswap is an automated market creation protocol (AMM) implemented with smart contracts on the Terra Blockchain. Uniswap-inspired platform on Ethereum with basic features, users can swap coin/token or become a liquidity provider for the exchange and receive rewards.
  • Loop Market is the AMM of the Terra ecosystem, similar in functionality to other AMMs like Uniswap. Loop Markets will list many assets on Terra as well as other ERC-20 and SPL tokens thanks to the Wormhole ETH-Terra-Solana bridge
  • In addition, other platforms can be mentioned: Crypto11, Levana Protocol, Terra Roll

Liquidity

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Bridge

  • Secret Terra Bridge is a bridge between Secret Network and Terra platforms. Through the bridge, assets can move back and forth through the bridge.
  • Wormhole is one of Solana’s first chain bridges, with support on Terra

Asset Managermant

Spar is a decentralized asset management project (Asset Management) located in the Terra ecosystem. The platform is one of the pioneering projects in the field of asset management on Terra, providing services. Specifically, there will be the usual asset management services, in addition, there will be more investment in a variety of assets, High risk – High reward. Users can track the investment, so they will be able to control their assets well.

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NFT/Gaming

Some projects on Terra include: Talis Protocol, Hero NFT, Andromeda, Terraworld, OnePlannet, Tale of Terra, Forge Protocol, DerbyStars, Random Earth, Astroverse, Spaceloot, weNFT, Punks in Terraverse, Sudesha, Astronorcs, Terra Fits, LMP, terrawhale, Terrapins, …

Yield Farming

Spectrum (SPEC) is a Yield Optimizer platform that allows users to earn “compound interest” from farming assets. Spectrum automatically maximizes user rewards from liquidity pools and other yield farming products in the Terra ecosystem, through investment strategies guaranteed by smart contracts.

Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022

Apollo DAO (APOLLO) is a project about Yield Farming with the special feature of Auto-compounding, automatically adding interest to capital to create optimal profit without much user manipulation.Apollo DAO is focused on Yield Farming, Apollo DAO’s products are geared towards diversity based on their risk preferences, including: Mirror Protocol mAssets, Terra token LPs,…

Some other Yield Farming platforms on Terra include: Sandlock, Kinetic Money, Neptune Finance, Stader Labs.

Synthetics

Mirror is a DeFi protocol that allows the creation of Synthetic Assets called Mirrored Assets (mAssets). Mirror was born with a mission to bring real world assets to Blockchain. Mirror’s smart contract is built on Terra and Cosmwasm, using TerraUSD as collateral. Mirror Protocol enables the creation of fungible assets, “synthetics”, that track the real-world asset’s price. MIR aggregates real-world prices for the purpose of using this information to form key data blocks in smart contracts to bring real-world assets to the Blockchain.

IDO Platform

StarTerra (STT) is the IDO platform in the Terra ecosystem. The project was born with the role of supporting other projects to raise capital through token sales. With Pylon Protocol (MINE), These are two important projects that help projects develop in Terra’s ecosystem.

Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022Overview of Terra Ecosystem (Terra Ecosystem) and important pieces 2022

The above is a summary of the Terra ecosystem synthesized and updated by Beatdautu on January 9, 2022, hopefully they will be useful for your research and research on ecosystems.

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