smart-contracts VS core

Kyber Network is a hub for liquidity protocols that collects liquidity from several sources to offer safe and quick transactions on any decentralized application (DApp). Kyber Network’s major objective is to make it simple for users to access liquidity pools that offer the best prices for DeFi DApps, decentralized exchanges (DEXs), and other users.

A greatly transformed business niche that has greatly expanded with Ethereum and DApps is the prediction market. Prediction markets are decentralized exchanges where the objects of trade are not stocks and bonds but the results of various events. It can be like a decentralized sports betting exchange, which used to bring its owners a fortune, and with the arrival of DApps, several fortunes at once. Examples of popular DEXs are Uniswap, Curve, Balancer, SushiSwap, DODO, Bancor, and Kyber.

The next altcoin is the Kyber Network Crystal, a multi-chain liquidity hub. It seems that KNC held its own throughout this consolidation phase of the market. When the rest of the market was deflating, it was surging. In the $3.50 to $4 price range, it’s about to reach an extremely hazardous area. As in early 2021, this massive supply zone has already been reduced.

Kyber Network Website

In 2019, investors were introduced to the first wrapped Bitcoin product, WrappedBTC (wBTC). The creation of wBTC by BitGo, Kyber Network, and Ren, formerly known as Republic Protocol was revolutionary in its own right, but wBTC is entirely centralized due to BitGo being the sole custodian for wBTC and this entity, partly owned by Goldman Sachs, has full legal control of all locked Bitcoin wrapped in wBTC.

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Website: terra.money

TerraUSD (UST) was launched in 2020. Like NuBits and other seigniorage algorithmic stablecoins, UST sought to peg one token by moving volatility to a separate token, in this case LUNA, which was also the native token of the Terra blockchain. Users could swap 1 UST for $1 of LUNA and vice versa. When the price of UST rose above $1, holders could profit by swapping $1 of LUNA for 1 UST (which would be worth more than $1), increasing supply and pushing down the price of UST. When UST was below $1, users could profit by swapping 1 UST for $1 of LUNA, reducing the supply of UST. This worked relatively well until a series of events led to confidence in the system collapsing, meaning there was no longer adequate demand for LUNA to stabilize UST. Its failure in May 2022 wiped out tens of billions of dollars of value from the Terra ecosystem, catalyzed the wider crypto bear market, and brought down several large organizations with exposure to it, including crypto hedge fund 3AC and lending company Celsius in the process.

Terra's Official Twitter account post, a newly created account, and a bio that reads "Building a new standard for DAO on Terra"

A final example of a token is a "stablecoin". A stablecoin is a token which is kept by the issuer at a fixed price in terms of a government currency, generally the US dollar. Tether maintains a popular stablecoin known as USDT by keeping reserves matching the supply of the token. Other approaches include that used by MakerDao for its stablecoin Dai, where reserves are decentralized and take the form of tokens or Ethereum. These decentralized stablecoins are referred to as "algorithmic stablecoins". A more unfortunate example is Terra, who's algorithmic stablecoin collapsed to the tune of 60 billion dollars.

Terra

https://www.terra.money/ (this looks exactly like the above)

It’s also on their website https://www.terra.money/