Conversation

Mar 16, 2021

1/8 High-level summary of all known apps in the

ecosystem. This should be an initial primer to everyone not yet familiar with the ecosystem and what solutions are and will be available on Terra. $LUNA $MIR $ANC $UST $SPAR terra.money A thread 🧵👇

106

300

Archon

@archon_0x

Mar 16, 2021

2/8 First things first, what is

@terra_money

? It is a

@cosmos

-based #blockchain offering programmable money. It features native stablecoins like $UST or $KRT that are backed by $LUNA which has a dynamic supply. Video: youtu.be/KqpGMoYZMhY Whitepaper: terra.money/Terra_White_pa

3/8 .

- a synthetics protocol for on-chain price exposure to real-world assets - has only launched weeks ago and already supports 20+ synthetic assets like $mTSLA, $mBTC based on

@BandProtocol

price feeds. It has $600M liquidity, +$1B TVL, and grows quickly. $MIR

4/8 .

- Terra's savings protocol - is currently only hours before its launch but already generated a huge hype. It allows earning fixed 20% yield (or borrow) on stablecoin deposits like $UST powered by block rewards of leading proof-of-stake blockchains. $ANC