Thread by @terraformer

Many of you may have associated Terraformer with a launchpad. Yes we are, but we are much more than that! We are a complete suite of DeFi protocols built on Terra. To begin, we are foremost an aggregated DEX which is about to launch tomorrow! Let us explain.

A thread.

What is an aggregated DEX (or DEX aggregator)? It is a super DEX that routes through multiple existing DEXes and finds the best swap rate for the users.

There is a clear advantage of doing that for users. Instead of trying different DEXes, they only need to go to one single site, to have access to all. It helps save time and money.

In doing so, the DEX aggregator also encourages adoption and increases trade volume. E.g. we only need to take a look at one of the most successful DEX aggregators, 1inch, and see how well they are doing.

One of the biggest goals for the Terra ecosystem is to on ramp more users, both from inside and outside Terra. A fully-functional DEX aggregator is one effective way to address this. It provides ease and clarity to a user who is looking to trade any tokens in the Terra ecosystem.

Especially for users new to Terra, our DEX aggregator will serve as a gateway to all the wonderful projects that are in existence on Terra. It will be a focal point for them to all converge.

For now there are three main DEXes on Terra: Terraswap, Astroport, and LOOP. Imagine if we pool all of their liquidities together, we will have a super liquidity pool where the user will always be able to execute their trades with the best rate.

Take LUNA/UST for example, effectively, we will be creating a much deeper liquidity pool. This is not only good for users, but also for the stability of the LUNA price.

We also include smaller DEXes, so smaller projects do not need to worry about which DEX to choose to launch. With our DEX aggregator, everyone is visible to everyone. In this way we can build a more diverse and bigger Terra ecosystem!

We are super excited about our DEX aggregator, and can’t wait to welcome every one of you to try it out! Launch will be 1PM UTC, 17th of March. Stay tuned!