Join the Community

22,288

Expert opinions

44,292

Total members

325

New members (last 30 days)

163

New opinions (last 30 days)

28,772

Total comments

Join Sign in

Introduction to Terra

27 January 2022 Be the first to comment

Rohas Nagpal

Chief Blockchain Architect

Hybrid Finance (HyFi) Blockchain

Terra is the second-largest Decentralised Finance (DeFi) blockchain - after Ethereum. The total value locked (TVL) in Terra is over $15 billion.

Terra is an open-source public blockchain protocol for algorithmic stablecoins. It enables the creation of fiat-pegged stablecoins that can be spent, saved, traded, or exchanged on the Terra blockchain.

The protocol consists of 2 main tokens:

1. Terra stablecoins: These are stablecoins that are minted by burning Luna.

2. Luna: This is the protocol's native staking token that is used for governance and in mining.

The top 5 DeFi protocols that run on Terra are Anchor, Lido, Astroport, Terraswap, and Mirror.

Consensus mechanism:
Tendermint Delegated Proof of Stake

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

1502

Report

Channels

/cryptocurrency

Blockchain in Banking and Financial Services

This group is to share any information related to enterprise wide Blockchain technology adaption in different Banking Financial Services sub-domains.

Join group

94 opinions 48 members 04 January 2025

Comments: (0)

Rohas Nagpal

Chief Blockchain Architect

Hybrid Finance (HyFi) Blockchain

Member since

02 Oct 2016

Location

Wyoming

More expert opinions

Elena Vysotskaia Founder & CEO at Astra Global