Terra is powered by Luna. It is an algorithmic stablecoin with anchor protocol for savings, mirror protocol for investments, chai + import for payments, and Terra for currency.

Terra claims to make Interchain transfers at the speed of lightening on bridge.terra.money.

Most of the users agree about the speed.  Twitter handle, Is terra money planning on incorporating bridge, mirror protocol, and anchor protocol, functionality all in the Terra Station Desktop and mobile app? It would make it much easier to do everything from one app instead of visiting separate websites. And, several users agree that such a change is required.

However, many feel that so far there has not been any impressive move in terms of price and they are awaiting to get it happen.

To those LUNA holders who did not understand what their ANC reward meant, there was a thread that clarified the same and it read as follows:

Anchor Protocol, a money market + savings protocol on terra money, functions as the ecosystem’s native lending protocol ANC serves as Anchor’s governance token and is designed to capture some of the yield that the Anchor lending protocol generates.

Terra money stablecoins like UST can be deposited in liquidity pools in mirror protocol or anchor protocol to earn yields. Plus, the movement of Terra stablecoins to Mirror and Anchor helps to improve the stability of Luna stables and dampens dilution for LUNA holders.

Anchor Protocol introduces a 20% APR incentive for UST depositors, reversing the dynamic described above + ultimately making LUNA deflationary.

Plus, LUNA stakers on the Terra protocol receive 3 incentives for participating in consensus: LUNA along with MIR and ANC rewards.

With this in mind, the potential gross reward rate for staking LUNA is a blended ~15% annually, with 5.6% due to LUNA staking rewards, and 5.63% and 3.58% to the ANC and MIR airdrops, respectively.

Those who want more details and are willing to learn more about Terra’s economics and the Terra ecosystem, including Anchor and Mirror, will want to check in to their guide.

Bison Trails have extended their support for Terra.  Users will be able to participate in Terra, earn rewards and help secure the global payment network by becoming a node operator with Bison Trails.

For clarity, The Terra protocol is a delegated proof of stake (PoS) network supported by different types of fiat-pegged stablecoins, which are algorithmically stabilized by its native asset LUNA.

The Terra guide provides the complete details of what one should know before they decide to become a node operator.  Those who have an idea will do well by referring the guide on Terra.