Try Quests to earn cryptoMarket Module
In this dashboard, we will deep into market module in Terra blockhain. According to Terra Docs' definition; 'The Market module enables atomic swaps between different Terra stablecoin denominations, and between Terra and Luna. This module ensures an available, liquid market, stable prices, and fair exchange rates between the protocol’s assets.' So, for better understanding, let us imagine that the entire Terra economy consists of a $UST pool and a $LUNA pool. To maintain $UST price, the LUNA supply pool adds to or subtracts from $UST's supply; users burn $LUNA to mint $UST and burn $UST to mint Luna. This is how market module functions in Terra, which incentivizes the minting or burning of Terra through arbitrage opportunities.