Terra Weekly #33 🌎
• A new launch date, Alliance explained simply, & much more in the thread below 🧵
• Click the link for Terra Weekly sent right to you ✉️
👉🏻deebsdefi.substack.com/p/terra-weekly…
@terra_money @TeamKujira @0xcarbon @WhiteWhaleDefi
• A new launch date, Alliance explained simply, & much more in the thread below 🧵
• Click the link for Terra Weekly sent right to you ✉️
👉🏻deebsdefi.substack.com/p/terra-weekly…
@terra_money @TeamKujira @0xcarbon @WhiteWhaleDefi
1. Instead of requesting ASTRO incentives, Stride's proposal will allow Stride to purchase & apply $xASTRO incentives
- Stride will buy $ASTRO, stake it for $xASTRO, and distribute it as incentives for the $stLUNA / $LUNA pool
- Benefits: buy pressure on $ASTRO, deep liquidity
- Stride will buy $ASTRO, stake it for $xASTRO, and distribute it as incentives for the $stLUNA / $LUNA pool
- Benefits: buy pressure on $ASTRO, deep liquidity
https://twitter.com/stride_zone/status/1628863953215397890
2. John Galt presents evidence of a potential @astroport_fi launch on @Neutron_org
- The general manager of Neutron cited the same concentrated liquidity model that will be used by Astroport
- John also recently revealed the astroport contract suite is on the Neutron testnet
- The general manager of Neutron cited the same concentrated liquidity model that will be used by Astroport
- John also recently revealed the astroport contract suite is on the Neutron testnet
https://twitter.com/lurkaroundfind/status/1627338324028293125
3. Squid has opened the gateway for users of @ethereum, @0xPolygon, @binance, @FantomFDN, @MoonbeamNetwork, @CeloOrg etc to transfer tokens directly into Terra and other Cosmos chains in one click
- Squid will even pay your gas fees for your first liquidity transfer!
- Squid will even pay your gas fees for your first liquidity transfer!
https://twitter.com/squidrouter/status/1628796403076964354
4. White Whale's new chain @Migaloo_Zone is not only integrating Alliance but bringing interchain liquidity to Cosmos
- Bots use flash loans from vaults to arb price differences between WW's LPs & Cosmos DEXs (help from @SkipProtocol )
- Depositors fund these vaults & earn fees
- Bots use flash loans from vaults to arb price differences between WW's LPs & Cosmos DEXs (help from @SkipProtocol )
- Depositors fund these vaults & earn fees
https://twitter.com/stablepunk/status/1628893390354931712
5. White Whale announces that the airdrop for $WHALE holders on Terra classic is coming soon with a variety of staking options
- Classic staking
- Autocompounded staking @yieldmos
- Liquid staking via @BackBone_Labs or @eris_protocol
- Classic staking
- Autocompounded staking @yieldmos
- Liquid staking via @BackBone_Labs or @eris_protocol
https://twitter.com/WhiteWhaleDefi/status/1629164432776663040
6. Capapult will launch on March 3rd at 12 AM UTC
- The launch of Capapult means the launch of the first decentralized, native stablecoin on Terra
- Users will be able to mint the stablecoin $SOLID, after providing yield-generating tokens (LSDs)
- The launch of Capapult means the launch of the first decentralized, native stablecoin on Terra
- Users will be able to mint the stablecoin $SOLID, after providing yield-generating tokens (LSDs)
https://twitter.com/capapult/status/1628127943724568600
7. Eris is redefining governance, allowing LSD holders to participate in Terra governance & also vote on which validators should receive the most staking rewards
Steps to vote:
1) Lock up #ampLUNA
2) Choose lockup time (3 weeks-2 years), more time= more voting power
3) Vote
Steps to vote:
1) Lock up #ampLUNA
2) Choose lockup time (3 weeks-2 years), more time= more voting power
3) Vote
https://twitter.com/eris_protocol/status/1629148557491027968
8. Did you know Eris can help you spot and execute arbitrages?
1) Select token/amount
2) See profit Margin
3) See withdrawal period(if applicable)
4) Execute
1) Select token/amount
2) See profit Margin
3) See withdrawal period(if applicable)
4) Execute
https://twitter.com/eris_protocol/status/1626396594336563200
9. There is one week left to participate in Game of Alliance
- Over 8k unique wallets and 60 validators have played so far
- For a chance to win a future airdrop, complete missions & bounties, details are in the thread below
- Over 8k unique wallets and 60 validators have played so far
- For a chance to win a future airdrop, complete missions & bounties, details are in the thread below
https://twitter.com/terra_money/status/1628472551969271808
10. Galactic Punks are offering NFT and crypto prizes for users that create educational content explaining the Alliance Module
https://twitter.com/galactic_punks/status/1626989026015150080
11. Berra shared an excellent thread explaining Alliance as part of the @galactic_punks bounty
- This thread uses graphics to help you visualize the flow of incentives: native staking rewards (reward weight) and taxes on foreign yield-bearing assets (take rate).
- This thread uses graphics to help you visualize the flow of incentives: native staking rewards (reward weight) and taxes on foreign yield-bearing assets (take rate).
https://twitter.com/stablepunk/status/1626556615469027328
12. New website @eumlet
- Eumlet is connecting traditional banking systems to Web 3 for businesses & users
- Onboard from fiat to crypto in seconds, create a payroll system, retain self-custody of assets
- Plans to incorporate mobile pay (think Apple pay) and IBANs
- Eumlet is connecting traditional banking systems to Web 3 for businesses & users
- Onboard from fiat to crypto in seconds, create a payroll system, retain self-custody of assets
- Plans to incorporate mobile pay (think Apple pay) and IBANs
https://twitter.com/eumlet/status/1628638131908927489
13. Account abstraction from @Obi_Money_ wallet tech is coming to Terra and Web 3. Imagine a wallet with:
- No seed phrases: multi-key
- Session Keys: no need to sign every transaction
- Inheritance: pass on your assets
- Subscriptions
- Fee Lending: never run out of $ for gas
- No seed phrases: multi-key
- Session Keys: no need to sign every transaction
- Inheritance: pass on your assets
- Subscriptions
- Fee Lending: never run out of $ for gas
https://twitter.com/Deebs_DeFi/status/1628849633765265409
14. PRISM hosted a space with @danku_r & @BuildersProgram Key Notes:
- PRISM will launch Q2 2023
- $LUNA $ATOM $OSMO will be the first refracted assets
- Future refraction of assets outside of Cosmos to include $ETH, $AVAX, etc
- PRISM will launch Q2 2023
- $LUNA $ATOM $OSMO will be the first refracted assets
- Future refraction of assets outside of Cosmos to include $ETH, $AVAX, etc
https://twitter.com/prism_protocol/status/1628091682150391810
15. For more details on the entirety of the PRISM space, check out this great rollup by Lunar Dyno!
https://twitter.com/fluffy_trex/status/1628502517775474689
16. Four days ago, an arbitrage opportunity for thousands was captured by an independent searcher on Terra
- Thanks to @SkipProtocol 's auction system, this searcher had to bid 347 $LUNA to @coinhall_org validator to capture this arb
- 50% of this value was returned to stakers
- Thanks to @SkipProtocol 's auction system, this searcher had to bid 347 $LUNA to @coinhall_org validator to capture this arb
- 50% of this value was returned to stakers
https://twitter.com/TheRyanLion/status/1628456120825131008
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