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).
5/ UST rewards will be distributed to the winning individuals based on the UST addresses provided in the Google Form. The winning posts will also be hosted on Learn Terra soon.
6/ Now onto the new bounties for week #3!
Below, you will find the new Google Form for submitting to the next 3 bounties. Please make sure to share the relevant link based on the bounty’s descriptions.
7/ Bounty #7 — Earn up to $500 for providing a walkthrough tutorial (written or video) detailing the best ways for users in the US to buy LUNA or UST with fiat and transfer it to their Terra Station wallet.
9/ Bounty #9 — Earn up to $500 by writing a piece of content targeting specific financial service providers about how to integrate the Anchor SDK and why it can help their business model and user base.
10/ Remember to send your submissions by 5 PM PST on Wednesday, July 21st to be considered. Winners will be announced the following Friday alongside week #4’s bounties.
11/ Finally, we’re still looking for editors to help with feedback and curating content submissions, so if you’re interested, please reach out to ecosystem@terra.money or hello@terrabit.es.
Good luck on this week’s bounties, we’re looking forward to your submissions!
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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!
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.
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.
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
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.
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.
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.
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.
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👇
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.