April 2021 Community Update

👋 Hey Terrans!

April marks the 2nd anniversary of Terra’s mainnet launch and the 3rd anniversary of Terraform Labs. Terra has evolved much over the past year with the launch of Mirror Protocol, Anchor Protocol, and Terra Station mobile; a number of significant partnerships and integrations; and new investors. Above all, we’re thrilled to see the influx of brilliant builders and enthusiastic & informed community members in the Terra ecosystem— so whether you’ve been a #LUNAtic from the start or have just joined, welcome aboard!

On the product end of things, the team has been working tirelessly to implement community feedback to enhance user experience on Anchor (more details on specific features below). Launched last month, Anchor Protocol has already locked over $970 million in stablecoin deposits and bLUNA collateral value.

We celebrated $MIR listing on Binance and Huobi just as we’re gearing up to release Mirror V2, with the list of new features available here. We’ve also been honored to be featured on Breaking Banks, the leading fintech podcast, as well as Bloomberg, among a number of other notable features.

🌎 Ecosystem Updates

• Project Spotlight 1: Kash — app enabling mainstream users to trade and save with Mirror and Anchor on a united interface pushes a new release with user-requested features.
• Project Spotlight 2: Loop Finance — AMM & wallet on Terra — announces launch.
• Delphi Digital and IDEO launch Hackathon for Terra — see thread outlining some of the best ideas and a Terra wishlist.
• Governance highlights: LocalTerra P2P Exchange Proposal, Do’s proposal for value exchange by Anchor → hello Pylon
• Ape Board now allows users to track assets across the entire Terra ecosystem (Terra Station, Anchor, Mirror).
• The Axelar network gateway goes live on CosmWasm, enabling users to frictionlessly move assets in and out of Terra.
• Smoothy (Curve-like protocol on BSC) integrates $UST to allow holders to swap $UST with $BUSD, $USDT, $DAI, and $PAX with low slippage and minimal gas within BSC’s blossoming DeFi ecosystem.
• CosmWasm Riddlethon brings junior developers into the Cosmos ecosystem. Read more about the event here.
• $renLUNA is officially live on Ethereum, courtesy of Ren Protocol and YF Link who built out the RenVM Bridge.
• The LUNA pool on Sushiswap now has $RUNE incentives.
• MXC + Gate.io list UST.
• Bitfinex lists LUNA/USD & LUNA/USDT pairs, with additional LUNA pairs added to KuCoin.

⚙️ Technical & Product Updates

• Terra Bridge user interface updated and now supported on Chromium-based Edge.
• PayWithTerra, API enabling merchants to easily integrate Terra as a payment method, releases their Basic plan.
• Terra Station is now available for Linux users.
• Multi-asset functionality on Terra Station now enables users to swap rewards into a single token in one go.
• The upcoming Columbus-5 mainnet upgrade is gearing to be one of the most important upgrades for the Terra blockchain — significantly simplifying Terran tokenomics. Columbus-5 will execute the proposal to “burn all seigniorage,” including a sizable sum of LUNA from the over-funded community pool and will ultimately make the LUNA → UST swap much more efficient, following on the heels of Jump Trading’s initial proposal that went live in January. Look for the official Agora proposal for Columbus-5 soon!

Anchor

• The Anchor FAQ is included in the Anchor Community Update.
• Feedback from the community is being incorporated to improve Anchor features. Several changes include: a liquidation price for borrowers of UST using bLUNA, an “Interest Earned” display for UST depositors on the “Earn” tab, and a cap of 20% APY on deposits.
• Anchor has accumulated over $970 million in TVL within 5 weeks of launch — with more than 11% of the total LUNA staked on Terra now in the form of bLUNA.
• Nexus Mutual supports aUST.
• Oxis, non-custodial wallet, integrates Anchor.
• Low-risk 20% Anchor savings on $UST now available on Solidefi.
• Angel Protocol leverages Anchor’s 20% earn functionality to enable perpetual charity endowments.
• DeFi Llama lists Anchor Protocol.
• Link to Anchor communities here.

Mirror

• Mirror crosses $2B in TVL and $1B in liquidity, making it a top 15 DeFi Protocol and a leading cross-chain DeFi protocol when measuring TVL including Pool2 data.
• Mirror V2 governance: the list of features for Mirror V2 is announced!
• Binance and Huobi list $MIR in the Innovation Zone.
• Community-whitelisted mCOIN (Coinbase) goes live on Mirror.
• Coinbase Custody announced support for MIR, making it the first Terra-native asset to be supported by Coinbase custody.
• Limit orders now supported on Mirror Protocol — users can buy mAssets at the price they want.
• DeFi Llama integrates Mirror (Pool2 data — MIR-UST volume — not included.)
• Chainlink integration coming to Mirror Protocol soon.
• See the full Mirror Community Update here.

🎧 Features

• Breaking Banks, the #1 global fintech podcast, features Terra, honing on our approach to building a full fintech stack.
• Bloomberg features Mirror Protocol in Crypto Exchanges Usher in Era of Round-the-Clock Stock Trading.
• AMAs: TerraBites — Vlad Tenev, Hackathon ideas, & Anchor wallet integration; Community AMA w/Do & Sebnondzee
• Interviews: Journal Du Coin, Unforkable, The DeFiant, and the Erica Show.
• Coingecko’s Q1 Cryptocurrency Report highlights Terra and UST.
• The Defiant covers how to make the most on Anchor.
• Community Posts: Terra is Taking Over the World, Block42’s Updated Validator Setup Guide, & Spar Protocol’s March update.
• Tweet Threads: Crypto Fundamentals; Why LUNA is Undervalued; Do’s welcome thread for newcomers; on asymmetric bets, contrarian plays, & ETFs; and value capture/tokenomics of the Terra ecosystem.
• Notable Tweets: turns out Robinhood’s Vlad Tenev is an early LUNA investor, Bison Trails thread on ANC, the problems Terra solves, introduction to Mars Protocol — a money market protocol on Terra, some Cardano/Terra spice, on the UST peg, the TVL of the Terra network, the decisions LUNAtics face, Novogratz loves LUNAtics, LUNA on Assetdash, Ryan Watkins on application-specific blockchains, $LUNA, Why TeFi?, and Thorchain x Terra.
• Ecosystem maps: list format, visual map

As always, join our communities:
Twitter | Discord | Medium | Telegram