Terra is a decentralized finance protocol. Its primary product is a stablecoin called UST.
Unlike other stablecoins, UST is algorithmic, meaning there’s no reserve of U.S. Dollars to back it (we’ll get into this more below).
Developers are using UST and the Terra protocol to build a number of cutting-edge decentralized finance applications.
Here are the quick takeaways from this report:
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