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README.md

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Abstract

The Market module contains the logic for atomic swaps between Terra currencies (e.g. UST<>KRT), as well as between Terra and Luna (e.g. SDT<>Luna).

The ability to guarantee an available, liquid market with fair exchange rates between different Terra denominations and between Terra and Luna is critical for user-adoption and price-stability.

The price stability of TerraSDR's peg to the SDR is achieved through Terra<>Luna arbitrage activity against the protocol's algorithmic market-maker which expands and contracts Terra supply to maintain the peg.

Contents

  1. Concepts
  2. State
  3. EndBlock
  4. Messages
  5. Events
  6. Parameters