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 canβt wait to welcome every one of you to try it out! Launch will be 1PM UTC, 17th of March. Stay tuned!
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
1/ TFM has launched the first trading aggregator on #Terra , for the benefit of all #LUNAtics and all the wonderful projects that are built. We are not just any aggregator, but a true routing aggregator that brings tremendous value. What does this mean? Letβs explain in this π§΅π
2/ The simplest form of aggregator is price comparison. If you want to trade token A for B, all you need to do is to compare the rate you are getting from different DEXes, and pick the best rate. Sweet.
3/ But does that mean the rate that you are getting is the BEST possible rate?
Not necessarily. That is because there could be a hidden route that is spread across various DEXes which leads to an optimal price.
1/ Hey #Lunatics! We have the pleasure of announcing that Terraformerβs Aggregated DEX is LIVE NOW. It is the very FIRST true trading aggregator built on the Terra Ecosystm, aimed at providing ease of use, capital and time efficiency for our users, and growing the Terra community
2/ We have been overwhelmed by the positive response we received from our communities since our last tweets today. It appears that everybody loves our idea and canβt wait to have their hands on it!
3/ Therefore, we have decided to bring forward the launch of our trading aggregator NOW. It is live at tfm.com You can trade any pairs of Terra tokens there, with the best rate achievable, of course.