Cointelegraph Consulting: The bigger role of LUNA in Terra
LUNA made headlines with its meteoric rise in 2021, but it represents something entirely more foundational to the stability of Terra. 5891 Total views 60 Total shares Listen to article 5:05 NEWSLETTER In an interview, Do Kwon, co-founder and CEO of Terraform Labs, said that Terra’s ecosystem was built with several use cases such as savings, payments, investments and others that leverage its stablecoin assets. The previous Market Insights newsletter tackled Terra’s ecosystem growth in 2021 and how it got to hundreds of decentralized applications from just two at the beginning of last year. And all of it is grounded on Terra’s stablecoins and the protocol’s ability to maintain the stability of their peg. Yet the key ingredient for such stability is its primary staking asset, LUNA . On the surface, investors got to know LUNA because of its rapid price rise in 2021, but according to the project’s white paper, owning and holding LUNA is meant to rep...
