Introduction

smart contract

A smart contract is a program that implements the logic and method of doing something on a blockchain network. These contracts can enforce their terms automatically and with full transparency without the need for other persons.

Smart contracts make it possible to extend the capabilities of this ecosystem. Users can use the network features such as stable coins, token exchange on the chain and Oracle price to develop their applications. Developers can use the Go, Rust, and AssemblyScript programming languages ​​to design smart contracts.

Terra smart contracts

Terra Digital Currency follows smart contracts. On the other hand, this network has its own stable coins. The combination of the two makes this network suitable for building decentralized applications (DApp) or different protocols.

On the other hand, its development with the Cosmos software kit has made it possible for many programmers to use it.

The main discussion

In this discussion, I will try to introduce the 3 main platforms that are on the Terra network, and since the next 4 projects are new projects, studying and researching them will take some time to better understand and see the future of their work. Showed that the next 4 projects are on their way to finding ways to succeed, and I think it would be better to move our information about them to another time.

• Anchor Protocol

  The anchor protocol can be considered as one of the most creative and, of course, the most ideal methods that has been created on the basis of terra network. As you probably know, stock trading these days is one of the most lucrative ways to make money in the digital currency market. But finding the right option among the more than 1,000 currencies in the world of work is not easy.

  Anchor protocol is a solution that instead examines all available options and offers you low- risk options. In simpler terms, this protocol is a solution that allows novice users to earn a guaranteed income from the Difai market.

  This protocol secures users' currencies as collateral and protects them using its unique technology. In fact, it does not lock your assets. For example, when the value of an asset is at risk, it quickly liquidates the secured loan. This causes users to have a fully guaranteed profit from this market.

  A noteworthy point in this protocol is a factor called anchor rate. In fact, anchor rate is a fixed interest rate that is paid to users. This figure is determined based on the number of users and their profit from the staking process. This makes it much easier for novice users to make decisions.

  As can be seen in the chart below, these novice users interact with the various tokens of this platform and earn money by using them. The top 5 smart contracts used by the newest users of the last 90 days are displayed.

The top 2 smart contract are anchor market and bLuna custody on this platform

• Mirror Protocol

  The Mirror Protocol can be considered as another project that has been created on the Terra network. The purpose of creating this project is to attract real assets to the world of digital currencies. In this way, individuals can buy or sell stocks such as stock exchanges on a trial basis.

  They can operate in digital currency markets through liquidity protocols or other testing methods. They can enter these markets at a much lower risk whenever they want, and the protocol acts as a safe haven for them. In this case, individuals must deposit 150% of the purchased assets in the TerraUSD currency on the network.

  After this collateral, they can export the artificial assets of the Mirror Network, called mAsset. When the price of this artificial equation is equal to their dollar equivalent, TerraUSD is released and they can withdraw it. On the other hand, this network has a native token called MIR that users can activate as one of the network nodes by staking it.

  The chart below shows the top 5 smart contracts in this protocol that new users have had the most interaction with in the last 90 days.

The top 2 smart contract are Mint and Staking on this platform

• terraswap protocol

  As a user, your question is what are the features and services of Terraswap? As mentioned earlier, TerraSwap is actually an open source software and a completely decentralized protocol for providing liquidity and execution of transactions on the Terra network. This dex has two roles for its users and you can use this exchange as a trader, liquidity provider, or both. Features include Token Swap, Liquidity Pool smart contracts that lock users' assets and Withdraw.

  TerraSwap is a decentralized protocol implemented by smart contracts on the blockchain network platform.

  Terraswap is a decentralized exchange on the platform of the blockchain network that uses mathematical formulas to set prices and smart contracts to trade. This DEX uses an Automated Market Maker (AMM) instead of and orderbook.

  The chart below shows the top 5 smart contracts in the last 90 days in the Terraswop protocol.

The top 2 smart contract are luna-ust pair and route swap on this platform

• the others

  Figure 4 of the next smart contract can be seen below. It seems that Astroport has attracted the attention of users and the next ones are trying to reach their colleagues.

The top 2 smart contract are uusd/uluna lp and ANC token/uusd LP on this platform

The top 2 smart contract are mine-ust pair and pylon gov staking on this platform

The top 2 smart contract are yluna lp and luna vault on this platform

The top 2 smart contract are mars lockdrop and mars lppair lockdrop on this platform

Terra-based projects