Changelly, a cryptocurrency ecosystem has announced its integration with Terra protocol.
As such, Terra’s token LUNA will join a list of more than 200 cryptocurrencies available on Changelly, allowing users to exchange alone with other digital assets at floating rates on its platform.
Terra is an application-specific blockchain that was developed on the Cosmos SDK and Tendermint consensus.
A suite of algorithms is used by Terra protocol with fiat-pegged stablecoins to underpin a thriving decentralized finance ecosystem which includes Anchor, Chai, and Mirror Protocol.
Now LUNA is Available on Changelly
Terra’s native staking and governance asset, LUNA, also limits the short-term volatility of Terra’s stablecoins, such as TerraUSD (UST). The value of LUNA is accrued through seigniorage, which is also a function of demand for Terra’s DeFi ecosystem.
Speaking about the new partnership, the Changelly team said, “It is a pleasure to work with Terra. We are happy to become partners and believe this collaboration will surely be beneficial and productive for both parties.”
The platform has been a bridge between crypto exchanges and users since its establishment in 2015. By using the Changelly mobile app, users can easily swap over 200 cryptocurrencies within 10 minutes on both desktops and mobile platforms.
Changelly Creates Liquidity
Changelly is built as an ecosystem providing a range of products and services to bring a quality experience to users when engaging with crypto.
Changelly PRO has been in operation in 2020, and it brings high limits, effective pricing, fast execution, and 24/7 live support for the community.
LUNA is the native staking token developed by the Terra protocol. LUNA’s rules as a foundational asset for the entire Terra network and ecosystem by securing the price stability of Terra stablecoins and modulating the incentives of validators.
Terra commented on the new development, “We are thrilled to partner with Changelly to provide seamless on or off-ramps to the Terra ecosystem. With the singular aim of real-world mass adoption, it is crucial that the fiat-crypto transition is simple, made possible by exchanges like Changelly.”