Terra 2: An Overview
Terra 2 is a blockchain platform that serves as a hub for various DApps. It was created as a response to the collapse of the UST stablecoin in May 2022. The new iteration of the blockchain lacks the stablecoin and mint-burn mechanism that characterized the original Terra Luna. Instead, Terra 2 focuses on hosting a variety of DApps, both those that were present on the original Terra Luna and new ones. The primary token of Terra 2 is $LUNA, which is a completely separate coin from the original $LUNA from before the crash.
Alliance Module
Terra 2 has introduced an innovative feature known as the Alliance module. This module allows any token to be whitelisted and staked to the Terra 2 chain, thereby enhancing its security. A small portion of the newly issued WHALE token is allocated to stakers of the whitelisted token, enabling them to earn staking rewards. External stakers are required to pay a small fee when staking to the Terra 2 chain, which is then redistributed to native WHALE stakers. Terra 2 plans to whitelist Liquid Staking
