1/ What is Terra? 🧵
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2/ When I started in 2017, I was surprised to find that the crypto"currency" industry was mostly working on building 1) niche apps or 2) better servers (making Ethereum faster) and almost noone working on building better currencies
This is still true today
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3/ Terra's place in the wider crypto community can be pretty confusing - purely by accident, Terra is now:
- One of the largest smart contract platforms by TVL, usership and devs
- A decentralized stablecoin protocol sprawling across multiple chains
- A collection of DeFi apps
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4/ Accidents can be pretty successful:
Quote Tweet
TVL of @terra_money officially surpasses @0xPolygon to become the 3rd highest TVL Blockchain.
$LUNA #Terra #TVL
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5/ Traffic on a tear:
- 1 scrn Anchor Launch March 16-17th (less than 10M requests) vs a major DDoS attack on April 1st (400M requests)
- 150 days after that attack, we've breached 300M requests/day as our new baseline.
- We've surpassed 7 Billion requests over the last month.
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7/ At TFL, we have a singular mission:
Help make $UST the most decentralized and useful form of money there is
Everything else is merely a means to an end
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Hi does this vision extend into the other stables? Ie. The whole basket of currencies become the most decentralised versions of themselves / and eventually allowing other stables on anchor for yield etc.
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Yes
But the firstborn needs more care for now