Risk Harbor set to take over decentralized insurance protocol Ozone on Terra network -Breaking
[ad_1]
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.
Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.
[ad_2]