Terra is a decentralized Proof of Stake (PoS) blockchain protocol. It uses a basket of fiat-pegged stablecoins which are algorithmically stabilized by its native crypto asset, LUNA. Terra is aimed at the mass adoption of cryptocurrencies. To accomplish this ambitious goal, Terraform Labs, the company behind Terra, is developing an entire ecosystem of financial platforms.
LUNA is the native staking token of the Terra protocol and foundational asset for the entire ecosystem. It has two core functions which are ensuring the price stability of Terra stablecoins and providing incentives for the platform’s validators. Since LUNA is the stability mechanism, LUNA delegators are entitled to earn rewards for providing network security.
You can buy LUNA on a number of popular exchanges, including the world’s top exchange in terms of trading volume Binance. Also note, there is no minimum requirement to stake LUNA for delegators.
Stake your Luna to a validator to start earning rewards. Before you stake, make sure you have Luna in your wallet. You can transfer Luna from an exchange or swap coins you have for Luna.
Congratulations, you’ve just delegated Luna!
Rewards start accruing the moment you stake Luna.
When you decide to undelegate your LUNA tokens, there is a 21 day unbonding period during which neither rewards accrue nor your LUNA tokens can be freely traded.
There is a risk of loss of funds if a validator misbehaves. In this case, its stake will be penalized, hurting both the validator and those who stake with it. For example, the slash for double signing will be at 5%, and if the validator experiences significant downtime or does not participate in the oracle process, the slash will be at 0.01%. Therefore, it is crucial to choose the validator with a good reputation like 01node.
Terra’s Discord
https://discord.gg/e29HWwC2Mz
Terra’s Medium
https://medium.com/terra-money
Terra’s YouTube
https://www.youtube.com/channel/UCoV1RXZ9ZBGcuu_PMTTlM0g
Terra’s Telegram
https://t.me/terra_announcements
Terra’s Website
https://www.terra.money/
Stader is a smart contract platform started in Apr’21 that is created to help delegators conveniently discover staking solutions and get access to the best yields based on their risk preference.
Stader wants to create multiple structured products on top of staking, aggregate all types of staking products — becoming the default distribution layer for staking across retail and business user segments for various blockchains.
Anchor is a savings protocol offering low-volatile yields on Terra stablecoin deposits. The Anchor rate is powered by a diversified stream of staking rewards from major proof-of-stake blockchains, and therefore can be expected to be much more stable than money market interest rates.
We believe that a stable, reliable source of yield in Anchor has the opportunity to become the reference interest rate in crypto. The Anchor protocol defines a money market between a lender, looking to earn stable yields on their stablecoins, and a borrower, looking to borrow stablecoins on stakeable assets
Terra is a trustless, programmable blockchain ecommerce platform that offers fiat-pegged stablecoins to provide more stability when conducting cross-border payments. Terra relies on its utility and staking coin, LUNA, as well as several other stablecoins that are pegged to many of the world’s top fiat currencies — including TerraUSD (UST). By using stablecoins, the Terra crypto ecosystem offers low fees, instant settlement, and frictionless cross-border exchange to power retail transactions.
Mirror Protocol is a decentralized finance (DeFi) platform that enables users to issue synthetic assets, which are crypto tokens that track the price of real-world assets, such as stocks. Synthetic tokens provide investors with exposure to the price of the real-world assets that they represent, without requiring investors to actually own those assets.
As a result, traders who would normally be excluded from trading certain underlying assets — either for geographic reasons or lack of capital — stand to benefit from their price movements. Mirror Protocol is built on the Terra network, though its synthetic assets — referred to as Mirror Assets (mAssets) — are also available on Ethereum and Binance Smart Chain (BSC) via bridges. Mirror Protocol is governed by the holders of Mirror token (MIR), its native governance token.
Pylon consists of a suite of savings and payments products in Decentralized Finance (DeFi) that builds on stable yield-bearing protocols such as Terra’s Anchor Protocol in order to provide services powered by user deposits.
Pylon enables sustainable exchanges between long-term value providers and their consumers through customizable deposit contracts and yield redirection. Pylon aims to reimagine incentive alignment between payers and payees, consumers and creators, patrons and artists, investors and entrepreneurs, and many more relations. The protocol is maintained by various independent platforms and is governed by holders of Pylon’s native governance token.
PRISM is a revolutionary derivatives protocol that introduces new asset classes in DeFi, allowing users to manage the risks associated with volatile prices and unstable yields in a simple and capital-efficient manner. PRISM achieves this by refracting digital assets into two distinct parts: a yield component and a principal component.
PRISM’s mechanisms originate from the founding team’s experience in the $564 trillion interest rate and currency derivatives markets in traditional finance where participants can guarantee their returns by swapping variable yields into fixed yields or swapping future payments in one currency into another currency of their choice. PRISM is incubated by Terraform Labs and built on Terra.
Terraswap is a Uniswap-inspired automated market-maker (AMM) protocol implemented with smart contracts on the Terra blockchain. This enables a decentralized on-chain exchange for the various assets involved in Terra ecosystem. A trader can exchange their token for another token through Terraswap using the price determined by the liquidity pool ratio.
Liquidity provider adds equal value of two assets to their corresponding Terraswap pair pool, which increases liquidity for the corresponding pair market while maintaining the pool price. In this process, liquidity providers are rewarded by newly minted LP tokens. LP tokens represent the liquidity provider’s share in the pool and provide the benefit of earning trading fees, which are accumulated into the pool on every swap transaction. Liquidity providers can burn their LP tokens to withdraw their share from the pool.
Terraformer provides the technology, community-led funding, support network, and marketing that Terra startups need to build on terra for the next billion blockchain users.
Orion Money’s vision is to become a cross-chain stablecoin bank providing seamless and frictionless stablecoin saving, lending, and spending. Within the Orion Money stablecoin bank, we have three main products planned — Orion Saver, Orion Yield and Insurance, and Orion Pay.
Orion Money is capitalizing on a significant untapped opportunity in the stablecoin savings market. The majority of stablecoin savings solutions currently offer unappealing and unpredictable yields. Additionally, they are often siloed within their individual blockchains. Interoperability will be at the heart of Orion Money, and it will bridge these gaps by providing solutions that other stablecoin savings protocols have yet to offer.
Mars is a bank of the future: non-custodial, open-source, transparent, algorithmic and community-governed. Like all banks, Mars aims to attract deposits and lend out this money while managing illiquidity and insolvency risk.
Unlike any other bank, Mars is a fully automated, on-chain credit facility governed by a decentralised community via a transparent governance process. All decisions are made by the Martian Council, composed of Mars stakers who put skin in the game to underwrite protocol risk in exchange for a portion of the protocol borrowing fees.