TerraUSD token
Overview
TerraUSD (UST) was an algorithmic stablecoin operating on the Terra blockchain. It sought to preserve a $1 peg via a supply-adjustment system that involved the burning or creation of its paired token, LUNA. The token served mainly as a transaction medium and value repository inside Terra's decentralised finance environment, particularly on the Anchor Protocol lending platform. During May 2022, UST deviated from its peg and subsequently failed, resulting in the virtual elimination of value for both UST and LUNA.
Within The Counterparty graph, TerraUSD connects to 2 tracked entities, most strongly to Terraform Labs, Terraform Labs.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued | Terraform Labs | 95% |
issued_by | Terraform Labs | 90% |
Frequently asked questions
What is TerraUSD?
TerraUSD is an algorithmic stablecoin tracked in The Counterparty knowledge graph. It is connected to 2 other tracked entities, most strongly to Terraform Labs, Terraform Labs.
What type of entity is TerraUSD?
TerraUSD is classified as an algorithmic stablecoin (token) in The Counterparty knowledge graph.
What is TerraUSD connected to?
In The Counterparty knowledge graph, TerraUSD is linked to 2 other tracked entities, most strongly to Terraform Labs, Terraform Labs.