Luna x Rose Dual Rewards
Rose is excited to announce that Terra voted to grant ~$250,000 in LUNA to grow UST liquidity on the platform. Currently Rose already offers the best returns for your UST on Aurora by allowing users to deposit funds into the UST Pool and we are excited to add additional yield to that pool.
Rose received a total of 2,777 LUNA tokens and we’ve decided to split the rewards up in the following manner:
- 25%: UST Pool in the stableswap for 2 months
- 50%: Will be used to incentivize borrowing RUSD using LUNA/UST when borrow feature goes live
- 25%: Deploy later to whatever action is best for the protocol to incentivize Terra asset usage on Rose
To allow users to be able to move funds accordingly, the pool will start emitting both rewards live on Jan 18th starting between 1pm-2pm UTC.
Terra is a blockchain network based on the Cosmos SDK specifically focused on creation of decentralized stablecoins. Luna, as the native staking asset from which the family of Terra stablecoins derive their stability, utility, and value, acts both as collateral for the entire Terra economy and as a staking token that secures the PoS network. Terra is backed by top VCs including Arrington Capital, Lightspeed Venture Partners, and Pantera Capital.
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Rose is a liquidity protocol on Aurora composed of a stablecoin & wrapped assets exchange, and a Collateralized Debt Position (CDP) based stablecoin platform for RUSD. Rose aims to have deep and capital efficient stablecoin liquidity on Aurora to enable users to seamless exchange between assets as well as allowing protocols to build on top of Rose to tap into that liquidity. Rose is the first project to be incubated under NearPad.
Join Rose’s community: