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Terra 🌍 powered by Luna 🌕

4 Feb, 6 tweets, 3 min read

@terra_money

We’re thrilled to introduce Terraform Capital - the strategic investment arm @terra_money that will be seeded with $10 million!

terraformcapital.medium.com/terraform-capi…

What are we passionate about? Founders getting to market as efficiently & frictionlessly as possible.

How do we make that happen? Free access to launch capital covering audit costs for selected projects. To be considered, projects must incorporate $LUNA, $mAssets, $UST (TerraUSD) or any of our other interchain stablecoins, in a meaningful way.

@terraform_cap

Projects selected by the @terraform_cap committee will be provided with capital to cover audit costs. Our cadre of auditors consists of top-notch security experts like @Quantstamp, @SolidifiedHQ, & @sentnl_io.

@terra_money

Projects will also have access to the @terra_money ecosystem. We will spotlight and drive engagement for them on a regular basis. Terraform Capital aims to benefit promising projects, reputable auditors, and expand the Terra ecosystem. Triple win.

Here’s to growing the GDP of the blockchain ecosystem—together. If you’re a project and you’re interested, let us know:

docs.google.com/forms/d/1lhKIy…

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Terra 🌍 powered by Luna 🌕

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6 Feb

@mirror_protocol

As @mirror_protocol gains traction, it’s important to denote the mutually beneficial relationship between Terra, LUNA stakers, and Mirror’s adoption. Rather than purely being a synthetic assets protocol, Mirror’s adoption accrues value to LUNA stakers.

How does it? Let’s follow UST, Terra’s USD-pegged stablecoin. At a high level, Terra’s LUNA collateralizes its cadre of stablecoins, including UST.

When UST is trading above $1, arbitrageurs can burn $1 of LUNA to mint 1 UST and sell UST on the open market for a profit. When UST trades below $1, then arbitrageurs can buy UST on the market at a discount, and swap it for $1 worth of LUNA.

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4 Feb

@terra_money

Terra Community Update | January 2021
medium.com/terra-money/ja…

$LUNA x $UST x $MIR

Here’s what @terra_money's been up to this past month 👇

@novogratz

We announced a $25M growth raise led by @novogratz of @GalaxyDigital, alongside @arrington, @PanteralCapital, @hashed_official, & @coinbase 🚀

coindesk.com/galaxy-coinbas…

https://twitter.com/terra_money/status/1354740107467603968

Ten new Terra stablecoins joined the family - a huge step forward in creating a global stablecoin that is the easiest to spend and most attractive to hold. 🌟

https://twitter.com/terra_money/status/1354740107467603968

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The money legos of DeFi are powerful -- introducing novel mechanisms for yield extraction, complex derivatives, and composable financial engineering. But how the legos interact is confusing, even to the degens. DeFi is complex.

User adoption of DeFi is on the rise, but subpar UX, prohibitive gas fees, complicated concepts, and other early limitations of DeFi make the experience a maze of tangled protocols for any newcomer.

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13 Aug 20

@SkaleNetwork

1/ Shoutout to @SkaleNetwork for hosting @Terra on their panel “Bringing Crypto Mainstream”! As requested, here is the video and some highlights from our CEO @d0h0k1 on #DeFi moving forward:

@Solana

2/ #Interoperability - “One of the things that we’re pushing at Terra is to have our stablecoins available on multiple chains. We announced Terra stablecoins on @Solana earlier this year.”

3/ “What would be great about having multiple stablecoins living together is 1) it gives exposure to developer ecosystems on various communities 2) all of these stablecoins are going to have first class citizen rights in all of our different #fintech and payments assets.”

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