Refer to submissions for #175 - your own, or those of others. Pick your favorite Terra metric or visualization and recreate your own version.
Introduction
What is Terra?
Terra is a trustless, programmable blockchain ecommerce platform that offers fiat-pegged stablecoins to provide more stability when conducting cross-border payments. ... By using stablecoins, the Terra crypto ecosystem offers low fees, instant settlement, and frictionless cross-border exchange to power retail transactions.
How is UST Pegged to USD
TerraUSD is a decentralized stablecoin running on Ethereum that attempts to maintain a value of US$1.00. Unlike centralized stablecoins, UST isn't backed by US dollars in a bank account. Instead, in order to mint 1 TerraUSD, US$1.00 worth of TerraUSD's reserve asset (LUNA) must be burned.
Methodology
In this dashbaord we will look at my favorate metric from my Acme Dashboard.
The metric we will look at how UST is pegged to USD.
UST peg Metrics
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Conclusion
Over time the price of UST has continually stabilized at the price of 1 USD.
During booms and busts of the LUNA price the price of UST is much more volatile than it usually is.