Introduction

USTerra (UST) are algorithmic stablecoin and Luna are native and governance token of Terra protocol. The massive volume of this two are swapped for each other in Terra protocol. Users (arbitrageurs) can earn money through trading these two. In face, this burn and mint process help stabilize the UST price equivalent to 1 $USD.

Current dashboards aims is answering this questions:

• daily minted UST and burned LUNA

• daily burned UST and minted LUNA

• What are some trends you can observe for each of the charts above?

Conclusion

In the current dashboard at the first calculated daily burning LUNA over time in the 90 past days.

Then, we presented how daily UST has been burnt over the same time period.

Finally, we compared these two trends. We expected that LUNA burn and UST mint per day go hand in hand. We can see this in some extent.

As the same as last chart, it's noticeable that LUNA burning led to increasing of UST supply and vice versa.

In general we also see a correlation between total LUNA burning and UST mint and vice versa. A part of this goes to arbitrageurs how profit from trading UST and LUNA.