Terra (LUNA) is a blockchain protocol for issuing algorithmic stablecoins and creating decentralized financial infrastructure. To accomplish its basic premise as a stablecoin platform, Terra uses a seigniorage model that minimizes volatility to keep a close fiat currency peg.
Understanding The Terra Tumble
Understanding The Terra Tumble
Understanding The Terra Tumble
Terra (LUNA) is a blockchain protocol for issuing algorithmic stablecoins and creating decentralized financial infrastructure. To accomplish its basic premise as a stablecoin platform, Terra uses a seigniorage model that minimizes volatility to keep a close fiat currency peg.