The Luna token is part of Terra ecosystem. A system designed from the ground up as an easy to use digital currency. The backing of the Luna token with various algorithmic stablecoins is proving to be a very potent combination. We explore how algorithmic stablecoins work in general. The benefits and drawbacks of the Terra ecosystem are covered as well.

News of the day and the market overview as always!

Links

https://news.bitcoin.com/new-york-judge-orders-terraform-labs-to-comply-with-secs-investigative-subpoenas

https://www.terra.money/Terra_White_paper.pdf

https://bridge.terra.money

https://mirrorprotocol.app

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