Wrapped Luna (WLUNA) is a Ethereum token, which is intended to represent Terra (LUNA) on the Ethereum blockchain. It is not LUNA, but a separate ERC-20 token designed to track the value of LUNA.WLUNA aims to allow LUNA holders to trade, hold and participate in decentralized finance ("DeFi") applications on Ethereum. Through WLUNA partners, one LUNA can be redeemed for one WLUNA, and vice versa.Terra is an algorithmic Stablecoin platform, running on the Proof of Stake (PoS) built by Tendermint, which is the bottom layer of the proof of equity blockchain.LUNA is Terra's platform token, used for the issuance of Stablecoin, price stability mechanism, and network governance.Users can use LUNA tokens to exchange for TerraSDRs Stablecoin, and vice versa. In this way, the price stability of the Stablecoin can be guaranteed.
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