Thread by @wolf_of_defi

1./ #Terra is a black hole. The mint of $UST is only at the beginning. Let me explain why I think #Terra will suck up an unimaginable amount of #DeFi value.

Now we see $UST going cross chain I think it's just a matter of time before others will follow. 🧵

2./ @WhiteWhaleTerra doing cross chain arbitrage

#Arbitrage opportunities are everywhere, so why stop here? I don't know about any other #Arbitrage protocol so far, so I don't see any obstacle for @WhiteWhaleTerra taking the the number 1 overall #Arbitrage spot.

3./ @TeamKujira becoming the place to go to buy liquidated assets. #ORCA is a massive success and borrowing assets against collateral is everywhere. So let's expand to everywhere! @TeamKujira has only just begun

4./ @orion_money will be the number one place to deposit stable coins on every chain. They currently support #Ethereum, #Terra and #Polygon and expect to support #BSC soon. I expect it's only a matter of time before the next one is announced.

5./ @loop_finance is planning to add #IBC and #WORMHOLE assets like $OSMO, $ATOM and $SOL which reduces the need to go to other DEXes

Are we done yet?

6./ No, how about @staderlabs?

At the moment $LUNA is the only asset you can stake on their platform, but they already mentioned they're planning to integrate more #PoS assets. @staderlabs the place to be for staking? That's what I expect.

7./ And then we have @prism_protocol. They will start by making you able to split $LUNA into $yLUNA and $pLUNA, but they're also planning to integrate assets like $ETH, $SOL and $ATOM

8./ @ApolloDAO has, compared to auto-compounders on other chains, the best token value capture I've seen so far. Because this is probably the only sustainable auto-compounder they also have the potential to be the number one cross chain auto-compounder.

9./ Yes, I understand that not all of this is directly related to the growth of the $UST Mcap or $LUNA price. But it does create more and more attention for #Terra, and once people realise there is no better place, they won't leave #Terra and will use $UST as their stable coin.

10./ As I said at the start of the thread, this is just the beginning. #Terra is the number one place for #DeFi and the protocols being build on it are state of the art.

You thought $UST at 10B market cap would give you a good $LUNA price? Wait till we reach 100B.

11./ I probably forgot some of the projects that are planning to go cross-chain and will contribute to the growth of the #Terra ecosystem.

Please feel free to add them below 👇