I have blogged about various networks/blockchains (e.g. Ethereum, BSC, Polygon, etc.) and Terra is another network and for simplicity, LUNA is the main/native token like how MATIC is for Polygon. Having said that, LUNA has another utility besides being the average Proof-of-Stake token. It can be burned to mint UST which is an algorithmic stablecoin (1 UST = US$1 although it is not backed by anything).

Anchor Protocol - A picture is worth a thousand words

I can continue to explain but The Babylonians has already written multiple articles in great detail and I do not believe I can do a better job. So if you are interested in finding out more, do check these out: - What is Terra (LUNA)? - What is Anchor Protocol (ANC)? - The Babylonians Youtube Channel I knew about Terra and Anchor Protocol but dismissed it because the Aave + Curve strategy on Polygon which I blogged about previously gave a much higher yield (30-40%) and I was not...