Thread by @4484

It seems not many people know how to get on the @terra_money $luna $UST train. So will put together a small thread that can help with onboarding.

(DM me if I missed anything) 🧵

Start with creating your terra wallet using the native Terra Station which has a version for almost every OS (iOS, chrome extension, andriod..etc.)
terra.money

OR

using a 3rd party wallet provider like @xdefi_wallet

Highly recommended to follow the OG @stablekwon and then head over to terra.money/intro-to-terra to watch a couple of videos that give you a brief introduction to the Terra ecosystem and how $Luna maintains the price of $UST stablecoin.

Where to bridge:

Move tokens from other chains like $ETH using:

bridge.terra.money
OR
wormholebridge.com/#/transfer

Wormhole recommended as it includes the newer versions of the wrapped tokens.

or get $Luna or $UST on many CEXs that support (find them on @CoinMarketCap)

Where to swap and farm LPs (AMM DEX):

Swap on Terra Station Wallet or on @terraswap_io.
Soon @astroport_fi which launches this month.
@loop_finance as well.
@staderlabs to maximize $LUNA staking.

Best place to check token prices & verified contract addresses on @coinhall_org

Where to borrow:

@anchor_protocol allows up to 50% LTV on bLuna or bETH collateral. Luna is wrapped to bLuna in anchor. ETH can be ported to bETH on @LidoFinance. bSOL soon.

Borrow in $UST. Probably best UI & most seamless borrow experience in all of #Defi. $ANC has $5bn TVL.

Lending/Borrowing protocol similar to @AaveAave or @compoundfinance is launching soon as well. Check out @mars_protocol.

@Levana_protocol to leverage any asset.

Where to Earn the famous 20% APY:

Just get some $UST and deposit in @anchor_protocol Earn for guaranteed stable compounded APY of 20%. Thats it.

Where to trade synthetic stocks:

Head over to @mirror_protocol to easily get exposure to traditional stocks like Apple and Amazon via mAssets. You can also farm, short, and borrow mAssets using various Terra tokens as collateral.

@nebula_protocol soon for dynamic weight ETFs

Where to yield farm:

@ApolloDAO has LP vaults to yield farm and autocompound LP tokens.
@NexusProtocol is a yield optimizer and has an anchor liquidation protector vault.

Apollo also have a multi-sig safe product coming very soon. They launch their token in the next few days.

Launchpad to participate in IDOs:

@pylon_protocol allows for you to invest $UST early in projects via no loss vested pools. Your capital is always returned to you after vesting period ends. They also have some NFT raffle pools from @galactic_punks and @DeviantsNFT.

Games:

So many launching hard to keep track. To name a few:
@DerbyStars_HQ
@TerraFloki
@terra_bots_io
@LoTerra_LOTA for lottery games.

#NFT Marketplaces:

@randomearth_io
@ProtocolTalis
@knowhere_art

Terra's very own $OHM fork coming soon as well via @leservedao. Get on their discord to learn how you can get whitelisted.

@NexusProtocol and @ApolloDAO also working on some sort of protocol owned liquidity vaults.

Personal finance:

One of the more exiting projects is @alice_finance, which is a personal finance app that lets you earn high yields via @anchor_protocol, pay friends P2P, and spend $UST with a VISA debit card (USA only at launch).

Some Lunatics to follow for regular updates:

@NicolasFlamelX
@Route2FI
@danku_r
@lejimmy
@sjpark_TFL
@hackapreneur
@FynnToTheMoon

I also have a twitter list if anyone is interested
twitter.com/i/lists/137658…

And still many many more protocols to come.
@prism_protocol - derivatives
@WhiteWhaleTerra - arb vaults

Please comment below on things I have missed or DM me to add.

Ufff forgot @0xwagmi 🌕

adding
@SpecProtocol - yield optimizer
@spar_protocol - On-chain asset management
@TeamKujira - liquidations
@glowyield - yield optimizer
@StarTerra_io - gamified launchpad