Zweck: Blockchain für dezentralisierte Finanzanwendungen
Preis für 1 LUNA1,93 €
Rank: 149 - Market Cap: 0,26 Mrd. €
- dezentrale, algorithmische Stablecoins ohne Überkollateralisierung
- Plattform für interoperable DeFi-Anwendungen
- interagiert bereits mit Ethereum, Binance Smart Chain und Solana
Terra - algorithmic stable coin & more
- Terra is a fast and affordable smart contract platform.
- It has interoperable algorithmic stablecoins at its core.
- Terra is mainly used in DeFi applications.
- Terra is supported by mainly Asian ecommerce companies.
Alleinstellungsmerkmale von Terra
- Decentralized algorithmic stablecoins without overcollateralization.
- Platform for interoperable DeFi applications
- Already interacts with Ethereum, Binance Smart Chain and Solana
- High scalability, cheap and fast transactions
Terra: Technische Besonderheiten
- Delegated proof-of-stake consensus mechanism
- Uses the Cosmos SDK
Historie, Entwicklung und aktueller StandTerraform Labs, the foundation behind the ecosystem, was founded in January 2018 by two South Koreans, Daniel Shin and Do Kwon. Back then the goal of the blockchain was to achieve mass adoption of cryptocurrencies by linking volatile currencies that are stable against fiat, as well as a simple user experience.
To this end the founders secured the support of 15 major Asian ecommerce companies, joining forces to form Terra Alliance to help the company reach its goal. The two founders were able to draw on experience as programmers within large corporations such as Microsoft and Apple.
Simplified, the mechanism for generating the stablecoins works like this for the UST: anyone who burns any number of LUNA is credited with the equivalent value in US dollars as UST. Conversely, UST can be burned and the equivalent value received in LUNA. The market capitalization of LUNA thus serves as a collateral pledge to cover the stablecoins.
In spring 2020, the first widely used protocol on the Terra blockchain called CHAI, a mobile payment app, launched. Thanks to partnerships with numerous large companies, over a million users who are able to pay businesses via numerous popular systems such as credit cards or PayPa were gathered. A CHAI credit card was also issued. In the background, almost imperceptibly for the user, the Terra Blockchain is the basis. The partner companies profit from the data that can be collected, among other things.
Further down the line, it was mainly DeFi projects that drew attention to the Terra Blockchain and drove adoption, particularly ANC and MIR. ANC provides the first platform on which passive income can be generated through cross-blockchain strategies used by other chains such as Polkadot and Solana. MIR, on the other hand, which can and will also be used on Ethereum or the Binance smart chain, is a platform for so-called synthetics. This means that tokens are generated that are price-linked to stocks, indices, commodities or cryptocurrencies.
- LUNA is not sufficiently decentralized: a bit less than half of the tokens are still owned by the founders. Overall, communication, especially on the website, could also be more transparent.
- The DeFi applications offer theoretical points of attack for exploits. There has only been one audit by CertiK. In addition, the DeFi environment still lacks innovative and decentralized projects.
- Ultimately, the community is likely to lag behind those of larger smart contract platforms.
Terra PrognoseThe development team's main work at the moment is probably the development of the Columbus 5 mainnet upgrade. The upgrade will probably not bring any groundbreaking innovations for the average consumer, but it represents an important further development for many future DApps.
In addition, minor changes are to be made, for instance in the aforementioned burning of transaction fees. This is important because recently the reward for staking LUNA decreased as a result of strong price growth, making staking less attractive. The use of LUNA for voting should be additionally incentivized.
The website also suggests that other stablecoins such as the euro or the Japanese yen will be created. The integration of the euro has already been announced on Twitter. However, the currency cannot be used in the environment so far.
However, the biggest and most important changes for the user should be expected on the DApps level. Here, existing protocols are constantly being further developed. For instance, the number of available synthetics on MIR is constantly growing. In the case of ANC, strategies are constantly being improved.
To prevent hacks, exploits and other disasters on the DeFi DApps, an insurance protocol is currently being established in the form of the Ozone Protocol. Other projects such as Alice Finance are in the starting blocks.
Nutzen des TokensLUNA serves directly or indirectly and primarily as a security pledge for all applications, especially for algorithmic stablecoins. The more demand there is for these stablecoins, the higher LUNA automatically rises through arbitrage. The demand for UST and co. are in turn driven by projects like MIR. If the Terra Blockchain is used for a swap or similar a small amount of LUNA comes to burn each time to ensure the rarity of the currency.
Wichtige historische Meilensteine
Highlights der Nutzbarkeit von Terra
Weitere Infos zu TerraPrior to the Terra Blockchain launch, the instigators organized a private sale of shares in the form of LUNA, which included Binance, Huobi and OKEx, some venture capital firms and the ecosystem's ecommerce partners. LUNA was also awarded to Terraform Labs and other backers, which was to be expected.
LUNA apparently has a fluctuating maximum supply of about 1 billion tokens. If the number of available LUNA rises above 1 billion, the incentives to burn LUNA are automatically increased. Currently (as of May 2021), Terraform Labs has about 46 percent of the available LUNA. According to the founders these tokens will also serve as insurance against unforeseen events as well as a stability reserve.