Terra company info

What does Terra do?
Terra (CRYPTO:LUNA), a public blockchain protocol, operates with the native token LUNA to ensure the stability of fiat-pegged stablecoins like TerraUSD (UST). These stablecoins derive their support from a diversified basket of assets, encompassing LUNA and other cryptocurrencies. Terra's decentralized network of validators plays a crucial role in its operation, responsible for processing transactions and maintaining network security. LUNA holders have the opportunity to stake their tokens with validators, thereby earning rewards in the process. The Terra ecosystem hosts a growing array of decentralized applications (dApps), with notable projects like Anchor, Lido, and Mirror Protocol. Anchor focuses on lending and borrowing, offering attractive yields on UST deposits. Lido, on the other hand, introduces liquid staking, enabling users to earn staking rewards without locking up their LUNA tokens. Mirror Protocol provides a platform for the creation and trading of synthetic assets that mirror the value of real-world assets, such as stocks and commodities. Terra's mission revolves around establishing a stable and decentralized foundation for payments and financial services while actively promoting the adoption of blockchain technology and cryptocurrencies. In line with this, the platform contributes significantly to the growth and development of the broader blockchain ecosystem. Terra has emerged as a leading player in the blockchain landscape, with a prominent role in advancing decentralized finance (DeFi).
Terra company media
Company Snapshot

How many people does Terra employ?

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Employees
50+

What is the market cap for Terra?

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Market Cap
$459.62M

Where is the head office for Terra?

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Head Office
Singapore

What year was Terra founded?

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Year Founded
2018
What does Terra specialise in?

What are the products and/or services of Terra?

Overview of Terra offerings
Asset management: Terra can be used to manage and invest in assets, such as UST, LUNA, and other cryptocurrencies, using DeFi applications on the Terra network.
Decentralized finance (DeFi): Terra is home to a growing ecosystem of DeFi applications, including Anchor, Lido, and Mirror Protocol, which offer a variety of financial services, such as lending, borrowing, staking, and trading.
Developer tools: Terra provides developers with a variety of tools and resources to build and deploy decentralized applications on the Terra network.
Stablecoin payments: Terra's native stablecoin, UST, is pegged to the US dollar and can be used for payments and transactions on the Terra network and other blockchains.
Terra is a versatile platform that offers a wide range of services to users and developers. It is a leading player in the blockchain space and is making significant contributions to the development of the DeFi ecosystem.