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Terra 🌍 powered by Luna 🌕

16 Jul, 9 tweets, 3 min read

@SecretNetwork

1/ Introducing the latest issue of Terra’s Project Spotlight, a special edition covering our valued partner network and one of the most fascinating application-specific blockchains in the Cosmos ecosystem -- @SecretNetwork!

medium.com/terra-money/pr…

2/ Secret is built on the Cosmos SDK and Tendermint, and is the only permissionless smart contracts platform to offer “privacy by default.” Secret Contracts allow queries from other application-specific chains in Cosmos to verify data integrity without sacrificing privacy.

3/ Known as “computational privacy,” Secret enables applications on the network to utilize encrypted data on the network without ever exposing the data itself -- even to network nodes. This supersedes the “transactional privacy” of most privacy-oriented public blockchains.

4/ With bridges already live to Ethereum + BSC, Secret is poised to become an inter-chain privacy hub. Now, it's time for a bridge to yours truly, Terra.

Interoperability as a first principle, privacy by default for an inter-chain DeFi world. Imagine the possibilities.

5/ The Secret Terra Bridge unlocks the power of Secret $UST, private DeFi interactions (e.g., yield farming with mAssets, trading, etc.), and much more for the #LUNAtics. It also opens up the #TeFi ecosystem to Secret’s blossoming community.

6/ Secret UST will be the first truly decentralized, algorithmic, private USD-pegged stablecoin in DeFi. It’s uncensorable, untraceable, infinitely scalable cash for the Internet.

7/ We anticipate the demand for Secret UST to be significant over the long run, inducing further seigniorage + expansion of the UST supply. Eventually, Secret UST may comprise a significant portion of UST’s outstanding liabilities, diversifying UST’s liquidity surface.

8/ With the Secret Terra Bridge currently on testnet with good stability and no major connection issues, the teams are preparing to migrate from the tequila testnet to the new Bombay network post-CosmWasm upgrade for the Columbus-5 launch.

9/ Secret Network meets Terra’s booming DeFi ecosystem, targeting mainstream adoption.

Welcome to privacy for everybody.

Stay tuned for updates on the official mainnet launch of the Secret Terra Bridge and the Columbus-5 mainnet 😎

medium.com/terra-money/pr…

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More from @terra_money

Terra 🌍 powered by Luna 🌕

@terra_money

17 Jul

1/ Community Bounty Program -- Announcing last week’s winners and the new bounties!

Thanks, everyone for your submissions! The quality is excellent and we encourage the continued diversity in both perspectives and content format (e.g., animated video, written content, etc).

2/ Let’s dive into week #2’s winners:

Bounty #4 -- Winning 3 Submissions:

-- 350 UST

jayljl.medium.com/terra-re-deleg… -- 100 UST

aurastake.medium.com/terra-redelega… -- 50 UST

3/ Bounty #5 -- Winning 3 Submissions

fourbarbers.medium.com/mirror-mirror-… -- 350 UST

medium.com/@klenkuts/how-… -- 100 UST

fishmarketacademy.medium.com/mirror-protoco… -- 50 UST

Read 11 tweets

Terra 🌍 powered by Luna 🌕

@terra_money

16 Jul

1/ We’re thrilled to introduce Terra’s new $150M Ecosystem Fund, which will propel Terra towards its next adoption phase; augmenting an accessible, cross-chain DeFi supersystem targeting mainstream adoption -- supported by the amazing #LUNAtic community.

techcrunch.com/2021/07/16/cry…

2/ The onset of dozens of projects on Terra has induced the need to bolster the ecosystem’s capital & resource base to support its exponential growth effectively, culminating in the Ecosystem Fund to guide the development of Terra towards a brighter future.

3/ The Ecosystem Fund serves as a capital foundation for builders to access the resources of the industry’s leading investors to manifest their vision for apps, protocols, & tooling on Terra. Accepted applicants will unlock a line of communication with the ensemble of investors

Read 6 tweets

Terra 🌍 powered by Luna 🌕

@terra_money

9 Jul

1/ Announcing the community content bounty program’s winners and the new bounties for the next week!

First, we’d like to thank everyone for their submissions. The quality across the board was excellent, and we encourage writers who didn’t win to keep sending submissions.

2/ Let’s dive into week #1’s winners :)

Bounty #1 -- Top 3 Winning Submissions

1. jayljl.medium.com/forget-banks-e… -- $350 UST

2. danku-r.medium.com/how-to-get-sta… -- $100 UST

3. medium.datadriveninvestor.com/this-new-savin… -- $50 UST

3/ Bounty #2 -- Top 3 Winning Submissions

1. fynnlikesluna.medium.com/terra-validato… -- $350 UST

2. aurastake.medium.com/how-to-choose-… -- $100 UST

3. mlolalime.medium.com/how-to-pick-a-… -- $50 UST

Read 11 tweets

Terra 🌍 powered by Luna 🌕

@terra_money

10 Jun

@pylon_protocol

1/ In our fourth issue of Terra’s Project Spotlight, we’re thrilled to introduce @pylon_protocol -- a yield-based saving, payment, and launchpad platform built on Terra.

medium.com/terra-money/pr…

2/ Pylon is the 5th app incubated by the TFL team, following Chai, Mirror, Anchor, & Nebula. Pylon similarly infuses itself with the theme of “looking outwards,” where adoption, accessibility, & use cases that appeal to the average user are powered by Terra’s DeFi ecosystem

3/ The idea enshrined in Pylon is to swap “payments-in-principal with payments-in-cashflow” using Anchor’s high-yield, low-volatility deposit rate.

Anchor’s ability to unlock new dimensions for user engagement with products and services is powerful.

Read 14 tweets

Terra 🌍 powered by Luna 🌕

@terra_money

26 May

@WalletConnect

1/ Terra’s integration with @WalletConnect — open-source protocol designed for dapp<>wallet connectivity — is now live, enabling users to access full Anchor, Mirror & Terra Bridge functionality through Terra Station.

@WalletConnect

2/ By deep linking each web application with Terra Station mobile, @WalletConnect enables users to simply manage their assets across the entire Terra ecosystem on the go.

Download Terra Station mobile & connect your wallet on the front page of the Anchor/Mirror/Bridge web app👇

3/
iOS: apps.apple.com/app/id15484347…

Android: play.google.com/store/apps/det…

Read 5 tweets

Terra 🌍 powered by Luna 🌕

@terra_money

26 May

1/ A great video clarifying by YouTuber CryptoCents on some of the misconceptions around TerraUSD ($UST) and how the broader Terra economy works.

Check out his profile and give this man a follow #LUNAtics.

2/ “LUNA is not an asset that explicitly collateralizes UST -- it simply absorbs the short-term volatility of UST.”

UST is backed by the demand for the Terra ecosystem, not explicitly the asset price of LUNA collateralizing the system.

3/ Hence, why an FDNV of LUNA approaching the outstanding liabilities of circulating UST does not trigger a “death spiral” bank run characteristic of traditional endogenous collateral models.

Read 35 tweets

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