TDX is a showcase event in Austin, TX on June 9th & 10th focusing on connecting users, project teams, developers, investors, & the tech media that operate in the Terra ecosystem. ๐
3/ What is the goal for TDX?
The goal for TDX is to strengthen the ecosystem by empowering projects & creating the premier networking event for the Terra community. ๐ช
2/ The Fellowshipโs aim is to work with top tier early-stage VC firms, accelerator programs, and tech unicorn companies to identify & support project founders with the resources they need to build dapps on the Terra blockchain โ helping to expand the Terra ecosystem.
3/ The fellowship program is seeking candidates with a passion for building the foundations of a decentralized economy via a novel idea that utilizes $UST or the Terra blockchain โ offering a suite of specialized programs for Terra builders to succeed.
1/ Thrilled to reveal the blossoming collaboration between @avalancheavax and Terra will also be further solidified with a $100 million Treasury Swap between TFL and the Avalanche Foundation of $LUNA <> $AVAX to strategically align ecosystem incentives!
2/ The @LFG_orgโs OTC deal to add $100 million of $AVAX to the $UST Reserve makes AVAX the first major crypto-asset besides $BTC to be added to the UST Reserve, marking the beginning of a diversified and non-correlated asset pool supporting the $UST peg.
3/ TFL is committed to building & supporting new $UST-native protocols within the Avalanche ecosystem to maximize its cross-chain footprint and has executed the separate $100 million Treasury Swap for AVAX to demonstrate its commitment to Avalanche.
๐ฃ The Luna Foundation Guard (LFG) has closed a $1 billion private token sale to establish a decentralized $UST Forex Reserve denominated in $BTC! ๐ฃ
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2/ The $1B private token sale by LFG is one of the cryptocurrency industryโs largest sales to-date.
The sale was led by Jump Crypto & Three Arrows Capital, with participation from DeFiance Capital, Republic Capital, GSR, Tribe Capital, & many others.
3/ One common criticism of algorithmic stablecoins is their reflexive nature and the hypothetical risk of a "bank run" scenario where demand to sell the stable outstrips supply in a way that causes compounding price decreases in both native tokens.
2/ LFG is a non-profit organization mandated to build reserves supporting the $UST peg amid volatile market conditions and allocate resources supporting the growth and development of the Terra ecosystem.
3/ Initial target areas for LFG include driving awareness of blockchain technology, building out educational programs, allocating grants funding product development, & providing transparency to online communities about ongoing activities & projects.
1/ The first Cosmos-native perpetual LUNA/UST pair is now available for trading on @InjectiveLabs!
Users can also access LUNA/UST + UST/USDT spot pairs, with IBC functionality enabling native Terra - Injective transfers directly integrated with your Station wallet ๐
2/ If youโre a #LUNAtic, you can begin trading on Injective immediately by navigating to the Injective Bridge, selecting Terra as the source and your Injective wallet as the destination.
3/ Simply connect your Station browser wallet when prompted, and send $UST or $LUNA directly to Injective via IBC channel ID 17 between the two Cosmos chains ๐