Thread by @Terrians_

1/DeFi Connected Hackathon roundup

The Hackathon began from Mar 31st to May 14th. The winners will have the opportunity to participate in the incubator program, which is funded by @Delphi_Digital and @IDEOVC.

2/ The winners of the contest are @orion_money, @ApolloDAO, @angelprotocol & @SuberraProtocol. So what are the similarity between them?

3/ Most of them are built as satellites around @anchor_protocol, which help the projects by Anchor’s 20% fix APY.

Let's dive into more details:

4/@orion_money pulls money flow to Terra Ecosystem through Anchor

@ApolloDAO v2 will use Anchor aUST Vault for Self Repaying Loan

5/@angelprotocol aims to leverage the stable yield from Anchor to create perpetual charity endowments

And Payer’s funds which were deposited to the @SuberraProtocol smart wallet can be committed into Anchor to generate interest.

6/ Why @anchor_protocol?

I think that it’s because the target of these Protocols includes letting users earn money safer & easier.

Due to the fixed rate from Anchor, people won't be afraid of high yield volatility.

7/ A bit about the overview of Terra and this hackathon
We can see that people always consider crypto a “pump, dump gaming” which depends largely on whitepaper.

However, with Terra, Crypto is going to real life day by day.

8/ There are only few projects aim at charity, which may push protocol to be non-profit (10+ protocols have committed to funneling % of revenue to angel protocol so far)
Not many projects aim at earning fixed rate. This option is friendly to whose familiar with traditional banks.

9 Maybe Terra won't grow fast. But Terra will improve gradually sustainably.