Key Updates: 01/11~08/11
written by @speicherx
A lot of things happened this week across alpha announcements on Terra; I will be splitting the information segments similarly into Events | TeFi | NFTs.
Let’s kick-off with what I feel is the biggest mind-blower so far!
Risk Harbor Announces it Will Take Charge of Terra’s Ozone Protocol
What does this mean for us folks?
This means that Ozone Protocol will be handled by the Risk Harbor team to build the future direction of the protocol as the lead developer. Part of the 88,675,000 LUNA burn from the community pool (proposal 134) will be swapped into UST to authorize the initial funding of Ozone.
The birth of $oaUST begins: Fully-insured and yield-bearing UST.
Decentralized, censorship-resistant and backed by non-algo stables. Your deposited UST is insured while gaining 19.5~20% APY on Anchor.
Moving from this, the Arrington Anchor Yield Fund was also mentioned.
Right now, crypto natives can already use Anchor and will soon be able to add Risk Harbor based insurance. How about institutions? As per quoted from Do Kwon, ‘everyone and their mothers want to use Anchor’.
Arrington Anchor Yield Fund seeks to bridge the gap between non-crypto native investors who also want exposure to Anchor yield. We will be looking at bigger players coming onboard soon!
Wait, that’s not all:
Grayscale also mentioned that they are considering LUNA assets.
Investment in Chai Pay x Mastercard, Do Kwon moving to Singapore?
Do Kwon teased that he was moving to Singapore during the COL-5 Party Twitter Spaces, but now sends yet another subliminal tweet here. This could be a pointer to look at as Singapore is transitioning into the ‘global crypto hub’.
As seen below, in early November — it seems that Chai Pay raised another ~$29 million from investors as linked below.
And a Korean Lunatic leaked the news here saying we can use Mastercard with CHAI?!
These are big news regarding Chai, and I am personally waiting for more information to come out from both news sources and user experiences before I can expand further!
Shortening Voting Period & Reducing the Minimum LUNA Voting Deposit
In the crypto space, time is always of the essence.
Vote now on Terra Station for Proposal 137:
→ BTEs lowered for people to engage in making proposals
→ Voting time reduced to allow a more efficient time-frame for decision-making while ensuring people ALSO have sufficient time to change their minds
LauraShin Podcast with Do Kwon
Laura Shin is an asset to the crypto space and I personally really enjoy her podcasts. She basically discusses here what Do felt about the SEC’s approach on both crypto regulations and the subpoenas; the impacts on TerraUSD (UST) and certain risks to consider.
Do Kwon: ‘Crypto companies working with regulators should come from a position of confidence and strength’.
Pylon’s November Update and Roadmap
Their update basically runs through 4 points:
- Setting up MINE Governance for Stakers: (1) Core, (2) Gateway, and (3) Community Fund.
- Airdrops to Stakers
- Pylon Gateway Launches
- Hiring Contract Engineers to build on their framework & execution
I was also pleasantly surprised to see update in yield for staking $MINE tokens on the Pylon App website.
OKEx and Travala both listing UST!
UST in now listed on their spot trading markets. OKEx will also launch relative OKEx Earn Products to support the Terra Ecosystem.
UST is now LIVE on Travala and can be used to book 3 million travel products like flights & hotel. You can use them to book your plans for TeFi events!
4 Governance Polls for Nexus
Proposal ID 1–4 can be viewed here: https://terra.nexusprotocol.app/gov.
They will be live until November 8.
Also (Ψ,Ψ): They are working on Protocol-Owned Liquidity. For those who are still not familiar with OHM, please kindly watch the video linked below as Panterra0x forces himself to understand.
New UST pools across chains?
$MIM-$UST pool on Saber:
For those who still has difficulties on getting your Terra assets through wormhole V2, please refer here where I do a quick guide on how to do so.
$MIM-$UST #OccupyDefi Frogs, (🎩,🎩):
For newbies, do take note that the process takes place on the Ethereum Network and it takes time to understand. Make sure you do your DD!
$UST-$USDC pool on Apricot Finance:
Please refer to the Wormhole V2 guide above linked on getting your wUST across.
Anchor integration soon™ on xDeFi wallet:
I mentioned in my previous article that xDeFi are also currently working with both Anchor and Orion protocols to integrate them within the wallet. Seems like they are edging in closer now!
Nothing much happened for IDOs this week, only for TerraLand IDO & Orion IDO on Star Terra and Pylon. The $ORION token is also set to launch shortly on Terraswap, it was initially supposed to be on 04/11.
NFT Hackathons
NFTerra Hackathon just went live on submissions, with partners including Hashed, Delphi Digital and more!
OnePlanet Contest also opened submissions, with a chance for winning participants to get $100k and 30m $OPT tokens! You can submit your ideas here.
The submission deadline is on the 15th of November. The judging panel is also included down below, where I will join some notable figures in the space.
Terrans Whitelist
The different factions will have their own ways for engaged Terrans to win Whitelist spots. Each Whitelist spot will entitle them (2) mints at 25 UST each. Join our Discord here to find out more!
Talis Marketplace Launch: Imminent
Talis Protocol seems to be launching sometime this weekend, as stated in their article. As mentioned, they will offer everyone the minting of Talis NFTs, following a multi-royalty standard.
Using talis.art/create, you’ll be able to own contract and mint your art in just a matter of clicks. By defining the royalty split, you can share your revenue in any way you like including donations to charities through Angel Protocol.
NFTs on Talis can be sold at a fixed price or auctioned. P2P transfers will also be enabled.
ELI5 Minting for DeviantsNFT:
- 9.6k Starter Packs that will be MINTED on 09/11
- 06/11, 12pm UTC: Deposit 99 UST to secure your pack on Knowhere
- If cap is hit, further deposits/withdrawals will be disabled.
- Second pack can be bought subject to availability. → Only viewable in Q1 2022.
TLDR: First-Come-First-Serve for ONLY WHITELISTED addresses.
If they are not sold out by 09/11, 12.05pm UTC — the rest will be open to the public to buy.
Check if you’re WHITELISTED here.
Okay, that’s all for this week! Here are some other key dates you can refer to:
Meteor Showers | Levana | NFT on 08/11
Pool Unlock| LOOP| TeFi on 13/11
Terrans can also check if their wallet credit score here on Flipside.
If you haven’t added the TeFi Calender to your Google Calendar yet, do so here: https://www.speicherx.com/tefi-calendar!
Cheers 🍻
