The Terra Protocol: How LUNI Uses The Blockchain To Keep You Up-to-date With


The Terra protocol is the first decentralized and open-source public blockchain protocol for algorithmic stablecoins. Using a combination of open market arbitrage incentives enforced by distributed consensus and decentralized oracle voting, the Terra protocol creates stablecoins that consistently track the price of any fiat currency, thereby enabling non-volatile payments for all.

The Terra Protocol is the leading decentralized and open-source public blockchain protocol for creating algorithmic stablecoins. Using a combination of open market arbitrage incentives and decentralized oracle voting, we created the Terra protocol to create stablecoins that consistently track the price of any fiat currency. 

Welcome to our world.


The Terra protocol makes creating stablecoins easy and accessible. But how does the Terra protocol keep your tokens from deviating from their price targets? First, our open market incentivizes people to arbitrage the price difference between the stablecoin and its target price. Second, we use a decentralized oracle voting system to make sure that authority figures have no undue bearing on the price of stablecoins. 

By delegating authority figures such as fiduciary auditors, token holders can set parameters (such as maximum deviation from a target price) for when and why an action, such as issuing more tokens, should occur.

Do you have a need for stability in your life? 

With LUNI, you can finally combine the benefits of having real-world funds on the blockchain, with the benefits and excitement of cryptocurrency investing. The Terra protocol is a decentralized platform that enables anyone to create highly scalable and stable cryptocurrencies by attaining low rates of volatility (stablecoins).

The Terra protocol is meant to keep you always up to date and in-the-know with the price of a fiat currency. The decentralized system automatically pays out users who correctly predict the price of your local currency and if you're ever curious how much your Terra token is worth, don't worry: The protocol's automated price feed will keep you informed.

The Terra protocol is our first open-source project (we are also working on several others). It is an attempt to solve a problem that we perceive as plaguing cryptocurrencies: volatility. This post focuses on the cost and utility of using the Terra protocol. 

We hope that it will not only help clarify how the protocol works but will provide a mechanism for anyone in the market for a stablecoin to assess and appreciate the cost benefits of using it.

The Terra Protocol is a powerful, flexible feature in the Lunyr ecosystem that allows the creation of stablecoins — cryptocurrencies tied directly to fiat currency prices.

LUNI is designed to preserve the value of its users’ assets in all circumstances, including where centralized cryptocurrency exchanges become insolvent. The Terra protocol implements an innovative economic policy called Proof-of-Trust (PoT). By design, Terra’s PoT currency uses both a standard exchange rate and a stablecoin peg.

LUNI is a revolutionary stablecoin protocol that uses a decentralized oracle to automate the process of algorithmic trading to maintain price stability relative to the US Dollar. The first use case of the LUNI protocol is creating a dynamic, self-sustaining economy with high monetary velocity by utilizing our tokenized lending platform.

The blockchain is a technological advancement that provides trustless, transparent, and secure transactions. And what better way to use this technology than to create a platform for anyone to pay their bills using cryptocurrencies? 

But how does it work? Join us over email and we'll show you how!

This article is going to break down the different phases in the process of arbitrage that enables LUNI and how it is continuously used to stabilize its price.

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