Terra (LUNA) Community Reveals Three Driving Forces Behind UST Demand


Vladislav Sopova

Terra eco-enthusiasts (LUNA) cited three protocols that could catalyze demand for Terra’s UST stablecoin

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Leveraged trading, collateralized options, FX: potential catalysts for USTUST Breaks Into Big 3 As Terra’s Bitcoin Euphoria Continues

The ecosystem of high-performance smart contracts platform Terra (UST) is poised to embark on three protocols that could mark new highs for Terra USD (UST) demand, a community activist has claimed.

Leveraged trading, collateralized options, FX: potential catalysts for UST

A Terra (LUNA) supporter who goes by @Luna_Studio_ on Twitter has published a thread about three highly anticipated decentralized financial protocols that could spark new interest in Terra’s UST.

The first protocol is set to provide a “trustless, community-audited leveraged product platform” on Terra (LUNA). Its clients can trade perpetual swaps and crypto indices with leverage that are protected by an automatic rebalancing mechanism.

The second protocol allows crypto holders to mint options on Terra (LUNA) using various cryptos as collateral. UST tokens are accepted here for native token incentive programs.

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At the same time, customers can use UST liquidity to generate revenue on Anchor Protocol (ANC), the most popular stablecoin staking tool across the DeFi segment.

UST Breaks Into Big 3 As Terra’s Bitcoin Euphoria Continues

The latter protocol will bring together DeFi and forex markets by offering leverage for several stablecoin pairs, including those with non-USD stablecoins. This could bring Terra (LUNA) closer to unlocking the $6 trillion forex trading segment.

As previously described by U.Today, Terra’s stablecoin surpassed UST Binance USD (BUSD) to become the third largest stablecoin. Only USDT and USDC have larger market caps.

This historic “flipping” is happening amid an unparalleled Bitcoin (BTC) buying campaign started by Terra CEO and founder Do Kwon.



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