1/8 High-level summary of all known apps in the @terra_money ecosystem. This should be an initial primer to everyone not yet familiar with the ecosystem and what solutions are and will be available on Terra. $LUNA $MIR $ANC $UST $SPAR
2/8 First things first, what is @terra_money? It is a @cosmos-based #blockchain offering programmable money. It features native stablecoins like $UST or $KRT that are backed by $LUNA which has a dynamic supply.
3/8 .@mirror_protocol - a synthetics protocol for on-chain price exposure to real-world assets - has only launched weeks ago and already supports 20+ synthetic assets like $mTSLA, $mBTC based on @BandProtocol price feeds. It has $600M liquidity, +$1B TVL, and grows quickly. $MIR
4/8 .@anchor_protocol - Terra's savings protocol - is currently only hours before its launch but already generated a huge hype. It allows earning fixed 20% yield (or borrow) on stablecoin deposits like $UST powered by block rewards of leading proof-of-stake blockchains. $ANC
5/8 .@alice_finance is the central mobile-first front-end that will bring it all together. It will try to consolidate the different @terra_money ecosystem solutions and offer the best possible UX for anyone to leverage these decentralized finance solutions.
6/8 .@Saturn_Money is the first @terra_money app we cover that has been developed outside the official Terra team. Saturn offers a digital finance ecosystem by itself. It allows swapping FIAT like $EUR to Terra stablecoins based on democratized liquidity pools to earn interest.
7/8 .@spar_protocol is a decentralized asset management protocol built on @terra_money that leverages the synthetic assets provided by @mirror_protocol. It offers anyone to create their create (pool managers) or invest in a fund. $SPAR
8/8 .@BuzlinkO is an innovative blockchain viral marketing tool that distributes stablecoin rewards to product referrers based on @terra_money. It tries to guarantee that merchants see targeted returns on their marketing spending. The launch is expected in the coming weeks.
What have I missed? Please add your thoughts in the comments.
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1/6 You want to borrow $UST on your $LUNA on @anchor_protocol to utilize it on @mirror_protocol or leverage and earn $ANC rewards on top?
Here is a step-to-step guide for you 👇
2/6 Let's first clarify what you are going to do: you will delegate your unstaked $LUNA (and lock it for at least 21 days as it will get staked) to receive $bLUNA. You then collateralized $bLUNA to borrow $UST for which you pay interest (borrow APY) but get incentivized in $ANC.
3/6 Step 1: You need to have unstaked $LUNA, if you have it staked, you have to unstake it and wait for 21 days. Obviously you can buy it on several CEXs or via terraswap.io e.g. with $UST. (BTW: In the future this will also work with $SOL & $ATOM).