Terra (LUNA) ecosystem enthusiasts named three protocols that can catalyze demand for Terra’s UST stablecoin
The Terra (UST) high-performance smart contract platform ecosystem is ready to integrate three protocols that could set new heights for the demand for Terra USD (UST), claims a community activist.
Leveraged trading, collateralized options, FX: Potential catalysts for UST
A Terra (LUNA) supporter who goes by @Luna_Studio_ on Twitter has published a thread to cover three hotly anticipated decentralized finance protocols that can inject new interest into Terra’s UST.
The first protocol is configured to offer a “trustless, community-controlled platform for leveraged products” on Terra (LUNA). Its clients will be able to trade perpetual swaps and leveraged crypto indices protected by an automatic rebalancing mechanism.
The second protocol will allow crypto holders to mint options on Terra (LUNA) using various cryptos as collateral. UST tokens will be accepted here for native token incentive programs.
At the same time, clients will be able to use UST liquidity to mine yield on Anchor Protocol (ANC), the most popular stablecoin staking instrument in the entire DeFi segment.
UST breaks into Big 3 as Terra’s Bitcoin euphoria continues
The last protocol will bring DeFi and forex markets together by offering leveraged trading for various stablecoin pairs, including those with non-USD stablecoins. This could bring Terra (LUNA) closer to unlocking the $6 trillion forex trading segment.
As previously reported by U.Today, Terra’s UST stablecoin overtook Binance USD (BUSD) and became the third largest stablecoin. Only USDT and USDC have higher market caps.
This historic “flippening” takes place amid an unparallelled Bitcoin (BTC) purchasing campaign started by Terra CEO and founder Do Kwon.
