Much of the buzz surrounding Terra and its accompanying initiatives is explained by looking at the growth of the LUNA Token.
Terra has been one of the standouts in a year full of exciting crypto initiatives making waves. Accordingly, Terra has launched several new projects and tokens since its introduction in late 2020. Including Mirror (MIR) and Anchor (ANC). Thus, while each project is intriguing on its own, when considered as part of a larger ecosystem, they truly shine.
Loop Finance
Loop Finance, a project built on the Terra network, has launched Terra Network, a stablecoin platform. Moreover, It aspires to achieve similar goals as Terra in terms of promoting crypto adoption in a user-friendly manner.
The AMM DEX integration is to be into a non-custodial crypto wallet in the beta stage (Loop Wallet). Its goal is to facilitate buying in a way that benefits both small companies and mainstream consumers.
Anchor Protocol
Anchor is a low-volatility savings platform based on Terra stablecoin deposits. The Anchor protocol establishes a money market between a lender seeking steady yields on their stablecoins and a borrower seeking stablecoins on stake able assets.
The current Anchor Protocol price is $3.54 USD, with a trading volume of $20,931,130 USD in the last 24 hours. Moreover, during the previous 24 hours, the Anchor Protocol has increased by 18.14 percent.
It has a current market capitalization of $366,840,198 USD. Furthermore, there are 103,509,641 ANC coins in circulation, with a maximum supply of 1,000,000,000 ANC coins.
Mirror Protocol
Mirror Protocol is decentralized from the start, with MIR token holders controlling the on-chain treasury and code updates. Moreover, TFL has no plans to hold or sell MIR tokens, and no administrator keys or special access capabilities have been issued. This project is intended to be entirely decentralized and community-driven.
Today’s live Mirror Protocol price is $4.51 USD, with $145,789,458 USD in 24-hour trading volume. In the last 24 hours, Mirror Protocol has gained 4.15 percent.
With a live market cap of $350,964,030 USD. There are 77,742,680 MIR coins in circulation.
Orion Money
The objective of Orion Money is to be a cross-chain stablecoins bank, the finest place in DeFi to save, lend, and spend stablecoins.
With Orion money, you can earn up to 20%* interest on your favourite stablecoins as per the company’s website. The first annual percentage yield (APY) for USDT/USDC/DAI is 13.5 percent, whereas UST is 16.5 percent. After ORION TGE, the maximum APY will be 20%.
StarTerra
Built on the Terra Ecosystem and features Play2Earn, gamified NFTs and multi-asset staking. StarTerra is a gamified launch pad.
Moreover, StarTerra is proposing a gamified system of rivalry across levels (dubbed “factions”). Enabling users to stake more $STT native token than needed. The players’ activity will get evaluated by a unique unit called “StarTerra Energy,” which will influence their chances of gaining allocation to purchase IDO tokens over less dedicated faction members.
Furthermore, StarTerra aims to create rivalry not just between levels but also inside each of them in this manner.
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