Anyswap is in Partnership with Terra!
We are very happy to announce our partnership with Terra! The cross-chain bridge service between Terra and Fantom is available on anyswap.exchange! You can now seamlessly swap assets across these two blockchains.
Terra is an application-specific blockchain built on the Cosmos SDK and Tendermint consensus. The Terra protocol deploys a suite of algorithmic, fiat-pegged stablecoins underpinning a thriving DeFi ecosystem including apps like Anchor, Pylon, Mirror Protocol, and many third-party ecosystem projects. Currently, Terra ranks fifth in smart contract chains by TVL, with roughly $11.8 billion in TVL.
LUNA, the native staking and governance asset of Terra, absorbs the short-term volatility of Terra’s stablecoins, with Terra’s stablecoin (e.g., UST) demand a function of demand for Terra’s DeFi ecosystem and uptake across various chains where UST is supported — accruing value to LUNA via seigniorage.
UST is the leading stablecoin on Terra, currently 5th in stablecoins by market cap in the broader crypto market, and currently circulates on other major layer ones such as Ethereum, BSC, Solana, Harmony, and Cosmos (IBC). As a decentralized and algorithmic stablecoin, UST is both scalable and censorship-resistant, containing an issuance mechanism defined by open market operations contingent on supply/demand fluctuations and arbitrage opportunities — executed entirely without custodial or centralized control. As a result, UST serves the critical role of providing decentralized money pegged to an existing unit of account at the base layer of an evolving DeFi stack.
Anyswap is a fully decentralized cross-chain swap protocol, which enables any blockchain that uses ECDSA or EDDSA as a signature algorithm access to cross-chain bridge solutions. Anyswap has deployed cross-chain bridges for more than 1060 projects and has developed 25 chains since its’ launch on the 20th of July 2020. Anyswap has launched its Multichain Router V3 beta mainnet on the 4th of June 2021, this multichain router has three significant features: Non-custodial+MPC, No-Slippage Swap, and Multichain Router. This feature allows users to swap between two chains arbitrarily, which reduces fees and makes it easier to move between chains. For more details: https://anyswap.medium.com/anyswap-multichain-router-v3-beta-mainnet-is-live-b41079f7335f
From now on, Terra USD(UST) has been deployed to the cross-chain bridge between Terra and Fantom on Anyswap.
Terra USD(UST): 0xe2D27f06F63d98b8e11b38b5b08A75D0c8dD62B9
Also, more assets are going to be deployed. Stay tuned!
For bridge tutorial, please visit https://anyswap.medium.com/how-to-use-anyswap-to-bridge-ust-between-terra-and-fantom-1fe9d4a45644
For a free listing on Anyswap: https://dard6erxu8t.typeform.com/to/C7RwF08A
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