• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Saturday, January 28, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Developments on LUNA are converging to bring “Terra Autumn” to fruition

10 September 2021
in Cryptocurrency
Reading Time: 4 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


cs-sanctor-full-width

On balance, 2021 has been an exceptional year for Terra so far. And, as developments on the project begin to converge, the rest of 2021 suggests the best is yet to come.

But what are these developments, and how will they boost the Terra ecosystem?

$LUNA is making moves

Terra launched in 2018, making it somewhat of a newcomer in the world of cryptocurrency. This, combined with a relative lack of coverage from media outlets, more so mainstream outlets, makes it, to a large extent, an under-the-radar offering.

However, as noted by José Maria Macedo, one of the founding partners at research firm Delphi Digital, that looks set to change Q3 going into Q4 as “#TerraAutumn” takes hold.

Few realise it, but #TerraAutumn is coming 🌖🍂

The pieces will start falling into place once Columbus 5 goes live in late September

In this thread, I share my mental model for @terra_money and guide to the end of year setup as I see it 👇

— José Maria Macedo (@ZeMariaMacedo) September 8, 2021

The biggest development is the rollout of Columbus 5, this month, which will simplify the stablecoin swapping process, introduce burning, and enable $LUNA stakers to benefit by receiving swap fees.

But that’s not all, Macedo’s Twitter thread details multiple new developments such as the rise of “TeFi,” Terra’s own decentralized finance ecosystem, which facilitates yield farming, lending, synthetics, asset management, and token swapping.

As well as a big push happening with TerraUSD (UST), the decentralized and algorithmically controlled stablecoin of the Terra blockchain.

With help from Orion Money, Macedo said UST will act as a “black hole” sucking in capital via the 20% APY on offer. He added that the protocol has already drawn in more than $70 million in TVL, and is set to expand even more as more chains get added.

“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.”

For comparison, the most generous Tether rate on offer (for saving $1,000 equivalent) comes from Blockchain.com, which offers 13.5%.

With so much happening on Terra, it’s only a matter of time before mainstream outlets start to pay more attention.

What is Terra?

Terra uses fiat-pegged stablecoins to form a price-stable global payments network.

The whitepaper breaks down its goal of combining price stability with the benefits of cryptocurrency. This is vital for generating network effects, thus, maximizing adoption.

“Since the value of a currency as a medium of exchange is mainly driven by its network effects, a successful new digital currency needs to maximize adoption in order to become useful.“

As of September 2020, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights basket of currencies. There are also plans to roll out further options.

The $LUNA token is used to stabilize the price of the protocol’s stablecoins. It also enables governance features such as proposal submission and voting rights.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

cs-sanctor-news-post

Like what you see? Subscribe for updates.

Related articles

Are Cryptocurrencies Approaching the End?

20 February 2022

Top 5 Crypto Airdrops for February 2022

2 February 2022





Source link

[crypto-donation-box]
Cryptohopper
ADVERTISEMENT
Tags: AutumnBringconvergingdevelopmentsfruitionLUNATerra
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

El Salvador’s ‘Chivo’ Bitcoin (BTC) wallet allegedly has privacy issues

Next Post

Ukraine adopts draft crypto law even as the IMF sounds alarms

Related Posts

Are Cryptocurrencies Approaching the End?

20 February 2022
0

Are we really going to say goodbye to cryptocurrencies in 2022? During the past three months of the tough endeavor,...

Top 5 Crypto Airdrops for February 2022

2 February 2022
0

Even though the top crypto airdrops of January 2022 just wrapped up, there best of the crypto world is still...

NFT sales are sizzling: Record $5 billion in sales as Bored Apes, Loot, CryptoPunks make splash

11 September 2021
0

Mutant Ape Yacht Club, Loot (for Adventurers) and Bloot (not for Weaks) made a splash during the last two weekends,...

Why Standard Chartered says Ethereum (ETH) could pump to $35,000

9 September 2021
0

While the Bitcoin or Ethereum debate rages on between early investors and maxis, London-based bank Standard Chartered already seems to...

Data: Institutional investor sentiment continues to increase for Solana (SOL), Cardano (ADA)

9 September 2021
0

The latest digital asset fund report from CoinShares showed that investor outlook on Bitcoin has become increasingly positive.While last week’s...

Load More
Next Post

Ukraine adopts draft crypto law even as the IMF sounds alarms

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • XMR, DOT Move Higher, Rebounding From Recent Declines – Market Updates Bitcoin News
  • NFT Tallinn to be the flagship large-scale Web3 event in Northern and Eastern Europe
  • NFTs and Other Trends That Will Shape the Crypto Industry

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$45,716.00-1.31%
  • ethereumEthereum(ETH)$3,456.77-0.85%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$439.95-1.61%
  • usd-coinUSD Coin(USDC)$1.00-0.21%
  • SolanaSolana(SOL)$128.84-4.73%
  • rippleXRP(XRP)$0.82-1.94%
  • TerraTerra(LUNA)$111.19-1.25%
  • cardanoCardano(ADA)$1.190.55%
  • AvalancheAvalanche(AVAX)$92.73-3.81%
  • polkadotPolkadot(DOT)$22.10-4.14%
  • dogecoinDogecoin(DOGE)$0.144901-0.44%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • TerraUSDTerraUSD(UST)$1.00-0.03%
  • Shiba InuShiba Inu(SHIB)$0.000026-1.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$45,705.00-1.34%
  • CronosCronos(CRO)$0.473031-1.56%
  • matic-networkPolygon(MATIC)$1.63-2.68%
  • Lido Staked EtherLido Staked Ether(STETH)$3,455.57-0.80%
  • NEAR ProtocolNEAR Protocol(NEAR)$15.62-3.50%
  • daiDai(DAI)$1.00-0.09%
  • cosmosCosmos Hub(ATOM)$30.76-3.98%
  • litecoinLitecoin(LTC)$123.39-2.73%
  • chainlinkChainlink(LINK)$17.14-5.68%
  • tronTRON(TRX)$0.069912-3.60%
  • bitcoin-cashBitcoin Cash(BCH)$370.86-0.90%
  • FTX TokenFTX Token(FTT)$49.41-1.74%
  • ethereum-classicEthereum Classic(ETC)$45.69-1.36%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • algorandAlgorand(ALGO)$0.88-4.27%
  • stellarStellar(XLM)$0.231372-0.55%
  • leo-tokenLEO Token(LEO)$5.95-0.02%
  • OKBOKB(OKB)$20.68-0.82%
  • UniswapUniswap(UNI)$11.31-3.17%
  • vechainVeChain(VET)$0.076890-1.96%
  • Axie InfinityAxie Infinity(AXS)$63.07-4.37%
  • HederaHedera(HBAR)$0.235142-4.16%
  • Internet ComputerInternet Computer(ICP)$21.47-0.24%
  • filecoinFilecoin(FIL)$24.44-2.18%
  • ElrondElrond(EGLD)$189.04-2.56%
  • decentralandDecentraland(MANA)$2.61-2.92%
  • The SandboxThe Sandbox(SAND)$3.40-2.47%
  • FantomFantom(FTM)$1.52-3.28%
  • moneroMonero(XMR)$214.53-0.30%
  • wavesWaves(WAVES)$37.59-24.48%
  • theta-tokenTheta Network(THETA)$3.76-6.47%
  • cETHcETH(CETH)$69.26-1.11%
  • tezosTezos(XTZ)$3.80-4.12%
  • ApeCoinApeCoin(APE)$11.60-3.99%
  • The GraphThe Graph(GRT)$0.480061-4.90%