Conversation

Jan 27, 2021

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

allows global access to any asset class starting with US equities #chai and #mempay makes settlements faster and cheaper to include those marginalized by trad payments

@anchor_protocol

will soon allow households to earn a real yield on their savings

Do Kwon

@stablekwon

Jan 27, 2021

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

Do Kwon

@stablekwon

Jan 27, 2021

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.

Do Kwon

@stablekwon

Jan 27, 2021

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

7/ What's coming next for

@mirror_protocol

? 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

Do Kwon

@stablekwon

Jan 27, 2021

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

Do Kwon

@stablekwon

Jan 27, 2021

9/ Soon you will be able to do more with mirrored synthetic assets than you could ever do with non-programmable "real" assets.

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 "

@stripe

for savings" - wrapped in a SDK pluggable into the fintech stack

Do Kwon

@stablekwon

Jan 27, 2021

11/ Anchor will be interchain across

and many other chains Expect

@LidoFinance

to play a role Proof of Stake will power the the reference yield for the digital economy

Do Kwon

@stablekwon

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

7:52 AM · Jan 27, 2021Twitter Web App

Replying to

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

Do Kwon

@stablekwon

Jan 27, 2021

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 🔥