“We propose a cryptocurrency, Terra, which is both price-stable and growth-driven. It achieves price-stability via an elastic money supply, enabled by stable mi

“We propose a cryptocurrency, Terra, which is both price-stable and growth-driven. It achieves price-stability via an elastic money supply, enabled by stable mining incentives.” “Terra achieves price stability by creating stable incentives for mining (PoS consensus) via highly predictable rewards. We propose a framework to evaluate the stability of Terra’s peg under stress. […] Our findings, based on 1 million years’ worth of simulation data, indicate that Terra’s peg is highly robust under both forms of stress.”