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Risk Harbor set to take over decentralized insurance protocol Ozone on Terra network -Breaking

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Ethereum-basedETHRisk Harbor, a decentralized financial marketplace, will soon assume control over’s Ozone Protocol. As perA press release was published Thursday.

Ozone, a distributed insurance system that covers the Terra DeFi ecosystem in case of any technical problems, is called a “decentralized insurance scheme”. This platform features its governance token LUNA (UST) and stablecoin Terra USD(UST). It has an exchange rate 1:1 with the United States Dollar. UST does not have any USD underlying reserves to back it. Instead it is collateralized using an algorithm developed by LUNA. Users are eligible to earn rewards for using LUNA in order to adjust UST’s currency rate. It is a network. It has seen significant growthRefers to total value.