Community Update — August 2023

August was a busy month for Terra, with Alliance assets going live, a major chain expansion for Warp Protocol, and new DAOs announced to grow the ecosystem. Through it all, Terra devs kept building 👨‍💻

Here’s everything that happened within the Terra ecosystem in August 👇

🌎 Ecosystem Updates

• Astroport laid out how to capture cross-chain arbitrage with a few lines of JavaScript.
• TFM launched IBC Swaps, which enables one-click multi-transaction swaps for supported chains, including Terra.
• MantaDAO announced the new and improved MantaSwap, coming soon to Terra.
• Astroport limit orders went live on Injective mainnet, powered by Warp Protocol.
• The Station team fixed a wallet connectivity bug preventing users from signing transactions on apps utilizing Station. Apps should migrate to Wallet Kit to enable the fix.
• NOWNodes, a node provider that supports 80+ blockchains, announced their next blockchain integration — Terra.
• TFL released a guide on how to stake LUNA Alliance assets on Station to earn boosted yield.
• Capapult detailed their last few months’ achievements for the Terra ecosystem.
• TFL CEO Chris Amani was announced as a featured speaker at Cosmoverse ’23 ⚛️ See you there!
• BackBone Labs released a sneak peek of their Necropolis NFT market.
• Chris Amani announced the creation of GrowthDAO, a team of analysts and growth managers to support and grow the Terra ecosystem.
• Terra domain names were temporarily compromised due to a SIM swap attack. TFL kept the community updated throughout, took steps to protect Station users, and eventually reclaimed the domains. All Terra domains are online and secure; steps have been taken to protect against future hacks. TFL once again apologizes for the inconvenience and headache this may have caused and thanks everyone for their patience 🙏
• Mintscan launched support for the Terra blockchain. Terra users can now easily leverage the Mintscan block explorer to search, analyze, and track on-chain data.
• Eris Protocol unveiled its road map to ERIS 1.0, including details regarding the ERIS claimdrop. They followed up by extending the snapshot to include more LUNA and Alliance assets.
• Talis Protocol unveiled new beta features for NFT infrastructure and NFT trading.
• Warp Protocol launched on Neutron, enabling limitless decentralized automation for Neutron’s permissionless, cross-chain smart contracts. Once again, Astroport led the charge by enabling limit orders on Neutron.
• Passive concentrated liquidity (PCL) is coming to Astroport on Terra.
• Map of Zones added Terra to their Cosmos network explorer.
• Terra mainnet went live on the Cosmostation Wallet 📱app.

🏦 Governance Updates

• Prop 4746, which was put forth to execute the ideas from the Alliance Signaling Proposal that passed in June, proposed to whitelist LSTs representing each of the first 10 Alliance chains’ native tokens as Alliance assets. The proposal passed with 87% in favor.
• Prop 4742, which proposed funding to continue development and support for Chainscope on Terra, passed with great thanks from the Chainscope team for the support.
• Prop 4743 sought to suspend monthly payments directed to Confio and passed with a 60% turnout.
• Prop 4744 sought to integrate LUNA into Y-Foundry governance, providing additional utility for LUNA holders by granting governance and funding influence in the Y-Foundry platform. It passed with 54% in favor, 40% abstaining.

🤝 Integrations & Listings

• Alliance rewards for Carbon and Migaloo LSTs (rSWTH, ampWHALE, and bWHALE) went live on Terra, allowing users to earn LUNA yield on top of native staking rewards. This followed a successful governance proposal approving the tokens as Alliance assets. In three days, 10% of WHALE was locked on Terra via the Alliance module.

🎥 Media Features

• @AndromedaProt hosted a Space on how developers can use aOS to build on Terra easier, better, and faster.
• @DizzleSocial released a video of staking his 19th Skeleton Punk on Enterprise to earn bLUNA rewards. It took 20 seconds 💥🎉
• @terra_money hosted the second bi-weekly Talking Terra with TFL on Aug 3rd for a discussion about how Alliance works, @evan_docs’s secret Alliance DAO NFT project, and bringing Javascript programming to Terra with @jaxdotzone. Give it a listen, or read the recap. (If you missed the first one in July, listen here.)
• @terra_money followed up with the third bi-weekly Talking Terra with TFL on Aug 17th, where TFL CEO Chris Amani took the full hour. Topics included Foundation, Feather, @StationWallet v3, and @enterprise_dao’s cross-chain expansion.
• @terraspacesorg launched This Week in Terra, a short-form news-style show for keeping up to date on the Terra ecosystem. Listen to the first episode.
• @terra_money returned with another Talking Terra with TFL on Aug 31st. It was a lively AMA with community questions and interesting discussions; be sure to give it a listen!

🎧 Follow TerraSpaces Audio Vaults on Apple Podcasts, Spotify, and Google Podcasts to listen to previous Terra community Twitter Spaces.

✏️ Community Thread Highlights

• @rebel_defi laid out the news about Alliance DAO, a new Enterprise DAO and an exciting follow-up to the Game of Alliance from earlier this year.
• @tfm_com published a thread on how to research and buy NFTs from multiple ecosystems, all in one place.
• @orbital_command continued to release its Terra Weekly threads, aggregating all the happenings within the Terra ecosystem.
• @ZeMariaMacedo of @Delphi_Labs laid out his thoughts as an @astroport_fi contributor.
• @dev3_map reported Terra as a Top 3 Cosmos project by GitHub commits as of August 9th. Terra devs continuing to do what they do best: build 👨‍💻

💬 Closing Note

With so many notable events in a single month, it shows how wide-ranging the Terra ecosystem is. And I’m sure there are others I missed! If you notice any important updates that I haven’t included, or if any details require correction, please share your thoughts in the comments section, and give this article a Like if you enjoyed it. Until next time!