1/ I am thrilled to announce a 25M USD growth raise led by from , with participation from , , , , and others for .
bloomberg.com/news/articles/
What does growth look like? 👇
Conversation
2/ What we are building at is very unique.
While there are many teams innovating in crypto, most tend to look "inward" - they solve problems for users already trading and earning in crypto
We look "outward" - using DeFi to solve pain points for everyday users
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4/ Looking outward is the harder path
Bringing in users that have never used metamask requires a *LOT* more thinking into the UX
It takes much longer to build meaningful volume & TVL with ticket sizes of $10, 20, 50, compared to millions deployed by the average DeFi ape
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5/ But someone's got to do the job - so we will.
If crypto stays zero sum - "someone makes money and someone loses money", then the future of this industry looks bleak.
We've got to make financial access more open and inclusive - for everyone.
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6/ Early results are promising - today, Terra includes some of the fastest growing stablecoins in crypto, successes attributable to Mirror & Chai, and our recent efforts to go interchain with , - soon , and .
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7/ What's coming next for ?
Bulk of development is shifting over from the core team to the community - lots of new stuff on forum.mirror.finance
If you would like to build something on Mirror - the DAO fund is now $120M strong - apply for a grant today
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8/ Some things I know are coming to mirror:
- "Hold Apple stock to earn yield" (automated yield farming)
- Margin trading (10x long, 10x short on apple stock)
- Dynamic ETFs (anyone can create their own ETFs, and define the rules for rebalancing)
- proposal.spar.finance
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9/ Soon you will be able to do more with mirrored synthetic assets than you could ever do with non-programmable "real" assets.
Replying to
10/ What's up with ?
To be the next yield aggregator is NOT the goal for Anchor.
It's goal is to become the reference interest rate.
It's go-to-market is to be the " for savings" - wrapped in a SDK pluggable into the fintech stack
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11/ Anchor will be interchain across , , , and many other chains
Expect to play a role
Proof of Stake will power the the reference yield for the digital economy
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12/ What's up with payments?
Recently, #Chai raised $70 million USD from the likes of Softbank et al to expand into the underserved payments market of East & SE Asia
You can expect this money to be used to propel Chai as one of the fintech household names in the region
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13/ Terra will start to work with third party payments operators - we are an open platform, and this only works if we serve a diversified user base of pymnt cos
If you are looking to enable new payments use cases - we would love to talk to you
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14/ We are so early.
Every morning I am astounded by new things we could be building, and am very grateful I get to play a small role in building out what will surely be a DeFi driven future of finance.
If you would like to feel the same way, hmu hr@terra.money 🔥
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