Terra Weekly #33 ๐
โข A new launch date, Alliance explained simply, & much more in the thread below ๐งต
โข Click the link for Terra Weekly sent right to you โ๏ธ
๐๐ปdeebsdefi.substack.com
@terra_money @TeamKujira @0xcarbon @WhiteWhaleDefi
โข A new launch date, Alliance explained simply, & much more in the thread below ๐งต
โข Click the link for Terra Weekly sent right to you โ๏ธ
๐๐ปdeebsdefi.substack.com
@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
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
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!
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
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
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)
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
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
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
10. Galactic Punks are offering NFT and crypto prizes for users that create educational content explaining the Alliance Module
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).
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
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
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
15. For more details on the entirety of the PRISM space, check out this great rollup by Lunar Dyno!
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
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