What You Don’t Understand About Terra/Luna
Terra Luna was one of the most popular cryptocurrencies, with their stable-coin (UST) becoming the THIRD LARGEST, and, their LUNA Token entering the Top 10, with a market cap of $41B at the peak.
Over 100 projects were built within the Terra Ecosystem and it quickly gained widespread adoption, including one that got EVERYONE’S attention and drove a LOT of interest for the project: a 20% YIELD ON YOUR MONEY.
However, the entire platform quickly collapsed.
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https://coinmarketcap.com/currencies/terra-luna/
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
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