What the apps on Terra actually do
Read from each protocol’s own contracts rather than its interface, written down every ten minutes so the history belongs to this page and not to anyone who could switch it off, and set beside the same measures on other chains. Starting with Creda Finance, the money market on Terra.
Creda Finance
A money market on Terra: people supply assets, others borrow against collateral. Everything below is read from its own contracts, not from its interface or its indexer.
What the protocol keeps
A money market earns by taking a share of what borrowers pay, and a share of what liquidations collect. This is what has accumulated so far, and who can move it.
Ownership on a single key means one signature can change the protocol’s parameters. That is a fact about how it is set up today, not a claim about anyone’s intent, and it is the same thing worth checking on any protocol holding other people’s deposits.
How close the loans are to the edge
A position is liquidated when its health factor falls below 1. These are read per account from the contract, so the count is the whole set and not a sample.
11 markets
Supplied and borrowed are the virtual totals resolved through each market’s index and each asset’s decimals, then priced by the protocol’s own oracle.
| Market | Supplied | Borrowed | Used | Kept | Max LTV | Borrow rate |
|---|---|---|---|---|---|---|
| LUNATerra | $154,225 | $75,583 | 49.0% | $78.90 | 70% | 12.25% |
| wBTCtransfer/08-wasm-1369/0x2260fac5e5542a773aa44fbcfedf7c193bc2c599 · transfer/channel-0 | $151,686 | $3,895 | 2.6% | $1.83 | 70% | 0.64% |
| bluechip/amplp46/bluechip/amplp · token factory | $111,157 | $0 | 0.0% | $165.42takes 2% | 45% | 0.00% |
| project/amplp32/project/amplp · token factory | $43,633 | $0 | 0.0% | $73.20takes 2% | 45% | 0.00% |
| ampLUNAEris Amplified LUNA | $41,014 | $1,531 | 3.7% | $0.05 | 70% | 0.47% |
| single/amplp52/single/amplp · token factory | $35,525 | $0 | 0.0% | $46.60takes 2% | 45% | 0.00% |
| arbLUNAERIS Arbitrage LUNA | $11,558 | $4,000 | 34.6% | $0.35 | 70% | 4.33% |
| USDCuusdc · transfer/channel-253 | $10,422 | $7,140 | 68.5% | $3.07 | 70% | 6.19% |
| PAXGtransfer/08-wasm-1369/0x45804880de22913dafe09f4980848ece6ecbaf78 · transfer/channel-0 | $2,445 | $1,865 | 76.3% | $2.29 | 70% | 19.07% |
| EUReueure · transfer/channel-253 | $185 | $152 | 82.4% | $1.36 | 70% | 7.04% |
| wstETHfactory/neutron1ug740qrkquxzrk2hh29qrlx3sktkfml3je7juusc2te7xmvsscns0n2wry/wstETH · transfer/channel-229 | $0 | $0 | 0.0% | $0.00 | 70% | 0.00% |
Borrow rate is the parameter the contract publishes for that market at this block. It moves with how much of the market is borrowed, and it is stated here as a property of the protocol, not as an offer.
How much it is used
Transactions against the portfolio contract over the preceding day, counted within a fixed range of blocks so that every reading is measured the same way.
Measured as a rolling day rather than a calendar one. The obvious method, asking how many transactions there have ever been and subtracting yesterday’s answer, does not survive contact with public nodes: they prune at different depths and count only what they still hold, so the same question returned 631, 3,795 and 11,621 within a minute here. Bounded by block height they agree exactly.
Since the recording started
Written down every ten minutes from the contracts, to a public append-only log anyone can check this chart against.
Since the first reading 1 hour ago: supplied down $3,951.3, borrowed down $2,686.96, kept by the protocol up $1.74.
11 readings over 1 day, starting 2026-09-16. Creda is not listed on DefiLlama, so nothing older than this exists anywhere. The line is short because the recording is young, not because the protocol is.
read from the chain · 5m ago · our own logTerra 2 beside Terra Classic, and the rest
Total value locked per chain, all of it measured the same way. The point is not the ranking but the shape: when a chain turned, and whether it turned back.
Terra 2 has no history before 2022-06-10, because it did not exist. Terra Classic’s own peak is far above everything else here, so the full span flattens every other line into the floor; that view is kept available rather than hidden, because cropping a peak out of a chart is its own kind of lie.
from DefiLlamaWhat the two tokens are worth
Value locked and market value do not agree about Terra, and both are shown because the disagreement is the fact. Prices as quoted, nothing here is a forecast.
| Token | Market value | Price | Circulating | Below its peak |
|---|---|---|---|---|
| Terra ClassicLUNC | $263,120,914 | $0.0000477 | 5.51T | 100.00%peak $119.18 |
| Terra 2LUNA | $30,877,343 | $0.0435 | 710.0M | 99.77%peak $18.87 |
The two measures point opposite ways. Terra 2 holds 3.7× the value locked of Terra Classic, while Terra Classic’s token carries 8.5× the market value of Terra 2’s. The larger token is the one with less built on it.
from CoinGeckoMoney markets elsewhere
The lending protocols Creda is usually compared with, measured by the same source. Creda itself is not listed there, so its size on this page comes from its own contracts instead.