(DApps)

Terra 2.0 features a range of decentralized applications that serve diverse use cases within the ecosystem. These applications include decentralized exchanges Terraswap and Astroport, staking derivative protocol Lido, and lending market Mars. Together, these DApps offer users a diverse range of services and functionalities, underscoring Terra’s commitment to building a comprehensive and versatile platform, including the innovative mint Terra feature.

Each DApp serves a unique purpose within the Terra ecosystem. Here are some examples:

  1. Terraswap: Provides a decentralized exchange protocol for trading assets and offering liquidity.

  2. Astroport: Enables users to access multiple pool types and accommodate different token markets.

  3. Lido: Offers a decentralized liquid staking protocol, allowing users to stake cryptocurrencies and receive tokenized staking derivatives.

  4. Mars: Provides a lending market for users to lend and borrow various forms of value.

These DApps play a crucial role in the Terra ecosystem, offering different functionalities to users.

These DApps showcase the potential of Terra 2.0 to revolutionize the way users interact with digital assets.

Terra's Governance Model

Terra’s governance model mirrors the project’s dedication to administering the organization in an equitable and transparent fashion. Through this model, participants within the Terra network can effect change in the protocol by voting on proposals, such as burning tokens or making other major decisions. Terra’s decentralized governance structure, known as Holacracy, further emphasizes the importance of community involvement and participation in decision-making processes.

The governance token, Luna, plays a central role in Terra’s governance model, granting holders governance rights and voting power for the protocol.

Key features of Luna token:

  • Grants holders governance rights and voting power

  • Token holders can delegate their tokens to validators

  • Validators act as representatives and have more influence in the governance process based on the amount of tokens delegated

  • Democratic decision-making process ensures the community’s voice is heard

  • Terra's ecosystem remains adaptive and responsive to the needs of its users. $LUNC $LUNA $BTC #TopCoinsJune2024 #Binance200M #altcoins