UST & LUNA has launched on Venus Protocol
The UST & LUNA markets have officially launched on the Venus Protocol. Both TerraUSD (UST) and LUNA are tokens with a strong team, vibrant and growing community, sizable market caps, and strong use cases to drive borrowing and lending on the Venus Protocol.
Both LUNA and TerraUSD (UST) were created by the Terra team. Do Kwon and Daniel Shin founded Terra (LUNA) in April 2019.
Terra has also incubated successful projects on Terra such as Anchor and Mirror Protocol. Today, Mirror has roughly $1.6B in TVL and does ~$11.2M in daily volume, and Anchor boasts ~$13.7B in TVL.
UST is supported by major dApps including Curve, Uniswap, Sushi Onsen, Harvest, and more and can be used as a currency in the open DeFi ecosystem affording users with censorship resistance, instant settlement, cross-border payments, and price stability.
LUNA is fundamental in keeping Terra’s stablecoins steady through the usage of arbitrage incentives. When the peg of Terra stablecoins like UST deviates, users are incentivized to use the market module on Terra to bring the peg back to parity by swapping LUNA and UST. You can read more about that here. This affords users with low-risk profit opportunities whenever the peg is not 1-to-1 with the underlying fiat currency the stablecoin is pegged to.
In addition, LUNA holders can also stake their LUNA to earn a yield on Terra to receive a percentage of transaction fees from the network or use it to vote on governance proposals. These use cases for UST and LUNA provide sufficient demand for borrowing and lending.
TerraUSD (UST) is a decentralized, algorithmic, scalable, and censorship-resistant stablecoin on the Terra blockchain with a price pegged to the US Dollar. TerraUSD was created to deliver value to the Terra community and offer decentralized money to a decentralized economy. Unlike centralized or collateralized stablecoins like USDT, USDC, or DAI, UST protects its users from insolvency, collateralization, and censorship risks.
Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals or stake them to earn a yield.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
Author
News
UST & LUNA Markets has launched on Venus Protocol
UST & LUNA has launched on Venus Protocol
The UST & LUNA markets have officially launched on the Venus Protocol. Both TerraUSD (UST) and LUNA are tokens with a strong team, vibrant and growing community, sizable market caps, and strong use cases to drive borrowing and lending on the Venus Protocol.
Both LUNA and TerraUSD (UST) were created by the Terra team. Do Kwon and Daniel Shin founded Terra (LUNA) in April 2019.
Terra has also incubated successful projects on Terra such as Anchor and Mirror Protocol. Today, Mirror has roughly $1.6B in TVL and does ~$11.2M in daily volume, and Anchor boasts ~$13.7B in TVL.
UST is supported by major dApps including Curve, Uniswap, Sushi Onsen, Harvest, and more and can be used as a currency in the open DeFi ecosystem affording users with censorship resistance, instant settlement, cross-border payments, and price stability.
LUNA is fundamental in keeping Terra’s stablecoins steady through the usage of arbitrage incentives. When the peg of Terra stablecoins like UST deviates, users are incentivized to use the market module on Terra to bring the peg back to parity by swapping LUNA and UST. You can read more about that here. This affords users with low-risk profit opportunities whenever the peg is not 1-to-1 with the underlying fiat currency the stablecoin is pegged to.
In addition, LUNA holders can also stake their LUNA to earn a yield on Terra to receive a percentage of transaction fees from the network or use it to vote on governance proposals. These use cases for UST and LUNA provide sufficient demand for borrowing and lending.
TerraUSD (UST) is a decentralized, algorithmic, scalable, and censorship-resistant stablecoin on the Terra blockchain with a price pegged to the US Dollar. TerraUSD was created to deliver value to the Terra community and offer decentralized money to a decentralized economy. Unlike centralized or collateralized stablecoins like USDT, USDC, or DAI, UST protects its users from insolvency, collateralization, and censorship risks.
Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stablecoins. LUNA holders are also able to submit and vote on governance proposals or stake them to earn a yield.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
Other Posts
Related Posts
News
FTX Solana Auction Prepares To Take Place After $300 Million Sale In March
News
