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    Q175. Bounty question #157 was to create a dashboard to show the health of the Terra ecosystem. For this bounty, your job is to write a succinct one-page summary or summary dashboard assessing a submission of your choice for the Acme of Skill bounty (#157). Grand prize winners will compare at least two of these submissions.

    Introduction to health of Terra Ecosystem

    UST

    TerraUSD have gained prominence with many people wanting to invest in those because of their more predictable prices, as cryptocurrencies have fluctuated in value over the last several months. Terra is a public blockchain technology that uses a set of algorithmic decentralised stablecoins to power a vibrant ecosystem that makes DeFi accessible to the general population. TerraUSD, a stablecoin created by Terraform Labs. It keeps its peg to the US dollar by relying on a network of arbitrageurs to purchase and sell Terra( LUNA ). Also a governance token, LUNA gives holders control over the system through voting.

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    Terra protocol creates stablecoins that track the price of any fiat currency using a combination of open market arbitrage incentives and decentralised Oracle voting. On the Terra blockchain, users may

    . spend

    . save

    . trade

    . swap

    Terra stablecoin

    LUNA SUPPLY

    By Apr 2022, over 330 million Terra (LUNA) tokens were issued and in active circulation - although their supply can sometimes go down. This has to do with Luna's design , Luna can sometimes "burn" some of its supply. This occurs when an algorithm detects TerraUSD (UST) - the stablecoin from the same Terra blockchain - needs new coins to keep its price on stable on one USD, effectively sacrificing LUNA tokens in favor of UST. This automated system of stability explains the role of Terra and its two cryptocurrencies in crypto lending and the growing popularity of lending platform Anchor Protocol, a platform built off the Terra network.

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    several factors in Terra ecosystem exist to make this system healthy