1/ Attention #Lunatics ! Some important updates since the launch of our DEX aggregator which is the FIRST and by far the MOST comprehensive one to integrate ALL liquidity sources on #Terra! A short π§΅π
2/ We support ALL DEXes on Terra, which includes @astroport_fi (plus V3 stableswap), @terraswap_io , @loop_finance , @prism_protocol , @TerraFloki , and TFM's native AMM. So you can literally swap ANY Terra token to ANY Terra token, some of which canβt be done anywhere else.
3/ For example, if you want to trade yLUNA @prism_protocol to TFLOKI @TerraFloki , you can do that on Terraformer with a single click.
4/ What's more, we've also included the Terra Market Module, which deploys a burning/minting mechanism. Now you can burn LUNA to mint UST, or EUT, or JPT, or GBT, etc, if the rate is preferable. You will directly contribute to the deflationary nature, and the mooning of #LUNA!
5/ Which means we are the ultimate complete aggregator on #Terra! If you had any issues doing swaps since our launch, they should have all been resolved. Leave comments below for any feedback, or simply to show some love, happy SWAPPING!
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1/ Weβd like to draw your attention to one of the important features of Terraformerβs DEX aggregator - the support for #BURNING and minting mechanism. #terraluna@terra_money
Another mini π§΅π
2/ #LUNAtics love burning LUNA to mint UST. At the moment, this can only be done on Terra Station. You will need to manually select the βMarketβ tab. There is no way you can do it on any of the other existing DEXes.
3/ Terraformerβs DEX aggregator has integrated this burning/minting mechanism. It will automatically compare rates from DEXes as well as burning/minting. If the transaction involves a large amount of $LUNA, the burning mechanism often returns with a better rate.
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.
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.