Yet Another Acme Question

    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.

    db_img

    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

    Loading...
    Loading...
    Loading...

    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.