February was a busy month for Terra, with the launch of Warp v2, numerous projects incorporating the Alliance module, a flurry of NFT-related activity, and updates from dozens of projects — and it’s not stopping there 😎
Read on to learn about everything that happened in the Terra ecosystem in February! 👇
🌎 Ecosystem Updates
- Learn how to onboard via Station Wallet in just three simple steps.
- Galatic Punks and pixeLions went cross-chain! Thanks to Ark Protocol, you can now send your NFTs to other chains, starting with Stargaze and with more chains to follow.
- Andromeda is sponsoring 9,000 ANDR over the next 3 months to ANDR-LUNA liquidity providers on Ura.xyz. It’s not too late to participate in the Genie campaign 🧞
- LUNAtics rallied behind Ark Protocol in Round 1 the AEZ Quadratic Grant, powering them to 1st place (and a 1,201.43 ATOM grant) to help bring cross-chain NFT staking to Enterprise DAO and the Cosmos. Congratulations! 🥇
- Galactic Mining Club NFTs launched on Necropolis for secondary sales 🌌⛏️
- Discover how Alliance — the open-source module that enables blockchains to form mutually beneficial relationships — works in the new Alliance explainer video 🤝
- The White Whale team reflected on how Migaloo was the first Cosmos chain to enable restaking with the Alliance module almost a year ago, using Alliance as a flexible monetary policy tool to forge incentive-aligned partnerships, increase liquidity, and bootstrap ecosystem projects.
- Persistence One announced their plan to build restaking infrastructure in Cosmos, powered by Terraform Labs’ (TFL) Alliance module, followed by a deep dive into the technical implementation.
- Solid is now cross-chain utilizing the Foundation API provided by TFL, and successfully integrated BNB and SOL as collateral options for minting SOLID tokens. Check out the recap thread for more updates!
- Savye went live as the first AI-powered language learn-to-earn NFT gaming app on Terra.
- NFTSwitch announced a significant platform update, including a website redesign, the introduction of an NFT transfer tool, and wallet support for Station, Keplr, and Leap.
- Enterprise DAO released new features such as treasury portfolio charts and insight into DAO staking, liquidity pools, and yield farming positions — powered by Pulsar Finance 📊
- Astroport unveiled permissionless incentives for liquidity pools, allowing anyone to incentivize pools with up to five different tokens. This transforms third-party reward management and enhances platform liquidity and accessibility.
- Contro Protocol introduced its Gradual Limit Order Book (GLOB) system and described how it aims to make trading cheaper and fairer while improving the user experience.
- Two Terra NFT collections, Galactic Mining Club and AllianceDAO, made it to the top 5 in NFT volume across Cosmos in mid-Feb 💪
- Wager Protocol will bring prediction markets to the Terra ecosystem, with its mainnet launch set for Q1 2024.
- Skip Protocol announced routing support for White Whale and Astroport on ibc.fun, aggregating the best routes and liquidity across Sei, Injective, Terra, White Whale, and Chihuahua.
- New pixeLions DAO and Lion DAO swag was added to the Crypto Loot Shop 👕
- Warp Protocol unveiled Warp v2, a major upgrade that extends the capabilities of Warp’s decentralized automation protocol through an overhauled account management system, a revamped fee mechanism, and a new primitive for job executions 🌀
- CosmWasm launched CosmWasm Tracing, a new debugging tool, on Terra to enable developers to spend less time debugging and more time creating thanks to detailed error logs, messages, gas usage, and more.
- Solid explored liquidation queue opportunities, and how users could score discounted collateral by depositing SOLID.
- Astroport implemented a UI update alongside a revised incentives schedule, allowing users to easily navigate to a pool’s dedicated incentives distribution schedule with a simple click.
- Pulsar Finance created a Cosmos Token Repository, where the community can help add information about new tokens to be supported by Pulsar.
- Station Wallet teased the imminent launch of Station v3 Dashboard 👀
- AllianceDAO provided new ways to mint AllianceDAO NFTs through a secondary mint for AllianceDAO stakers and an NFT community mint for holders of Galactic Mining Club, Skeleton Punks, pixeLions, and Galactic Punks. To all who are eligible, make sure to mint yours today and become part of the AllianceDAO!
- Pulsar Finance kept shipping and boasted 44 new protocols, 5 new blockchains, and a stack of UX improvements in their monthly sum-up for February.
🏦 Governance Updates
- The AllianceDAO posted a proposal to add the ALLY token as an Alliance asset to the Terra blockchain, allowing AllianceDAO NFTs to accrue LUNA staking rewards. The vote passed with overwhelming support.
- A proposal to whitelist USDC-USDT and ATOM-LUNA LP tokens from Astroport as Alliance assets on Terra was posted on Commonwealth to solicit feedback from the community. It aims to establish deep stablecoin and ATOM token liquidity on Terra.
- The Lion DAO posted a proposal to add ampROAR as an Alliance asset, which passed with 91% in favor.
- Warp Protocol posted a governance proposal to deploy its contracts on Osmosis. Make your voice heard and cast your vote!
🤝 Integrations & Listings
- The Alliance Dashboard added support for new Migaloo Alliance assets such as WHALE-USDC LP, WHALE-wBTC LP, ASH, and mUSDC.
- Pulsar added support for NFTs staked on Enterprise DAO.
🎥 Media Features
- @terra_money hosted Talking Terra with TFL on Feb 1st with TFL Chief Engineering Architect and @PulsarFinance Co-founder @eduamdsa and TFL Head of Apps @vladjdk, to discuss Eduardo’s approach to engineering, the roadmap for Enterprise and Foundation, and a Q&A. (TerraSpaces recording here.)
- @CamiRusso of @DefiantNews hosted TFL CEO @fleececannon for a discussion on Terra’s past, present, and future. They assessed the depeg in May 2022 as failure, not fraud, covered the benefits of transparency and self-custody, and shared insights into how token business models can actually work. Give it a watch!
- @OrbitalCommand spoke to @PersistenceOne on Feb 13th to learn more about their implementation of the Alliance module for restaking and LRTfi. (TerraSpaces recording here.)
- @RAC_FM_Spaces invited @fleececannon to a RAC FM Giga Special on Feb 14th: “We’re just Terraforming, mate.” (TerraSpaces recording here.) 🦝
- @terra_money returned with Talking Terra with TFL on Feb 15th, which covered Alliance, Verity, and Terra community questions. (TerraSpaces recording here.)
- @PersistenceOne was joined by TFL Head of Communications @zion_schum on Feb 20th to chat about integrating Terra’s Alliance module and building Liquid Restaking Tokens (LRTs) on top of it. (TerraSpaces recording here.)
- @The_AllianceDAO hosted a Town Hall on Feb 20th to discuss all the exciting things that have been happening in the DAO, including upcoming mints, ideas to grow the community, and Alliance module news. (TerraSpaces recording here.)
- @Cryptocito invited TFL CEO @fleececannon on Feb 22nd to talk all things Cosmos, including Alliance, Station Wallet (Chris is a big fan), the Terra ecosystem, and much more live on YouTube.
- @warp_protocol and @QuasarFi celebrated the Warp v2 launch and their upcoming collaboration on Feb 23rd with an X/Twitter space. (TerraSpaces recording here.)
- @terra_money hosted another Talking Terra with TFL on Feb 29th, covering the latest on Pulsar Finance, Station Wallet v3, Enterprise DAO, and more. (TerraSpaces recording here.)
🎧 Follow TerraSpaces Audio Vaults on Apple Podcasts, Spotify, and Google Podcasts to listen back to previous Terra community Twitter Spaces.
✏️ Community Post Highlights
- @jwang815 shared a summary of Talking Terra with TFL from Feb 1st.
- @rob_inwoods published a step-by-step guide on how to stake your Galactic Mining NFTs via Enterprise DAO.
- @fleece_cannon teased a potential Asteroid Protocol x Enterprise DAO collaboration, coming soon™️
- @WhiteWhaleDefi explained how Migaloo integrated the Alliance module to become the first chain that introduced liquid restaking in Cosmos.
- @gp4719 leaked a teaser of Verity — TFL’s on-chain identity project — showing a public profile example and dashboard to claim and manage credentials 👀
- @zion_schum outlined in a thread how whitelisting USDC-USDT and ATOM-LUNA LP tokens as Alliance Assets can help strengthen the Terra economy, attract user and capital inflows, and assist in the creation of novel DeFi apps.
- @CosmosATOMDaily summarized Terra’s ecosystem highlights from January in an overview graphic.
- @a_fsardo shared that Station Wallet has become his main wallet again. Welcome back home 🫶
- @orbital_command published another Terra Weekly 🌖, aggregating all the happenings within the Terra ecosystem.
- @vladjdk gave a shout-out to the Ark Protocol team, congratulating them on their work enabling cross-chain NFT infrastructure.
💬 Closing Note
February brought a full-on shipping season to the Terra ecosystem as the community continues to push forward. With the Station v3 Dashboard release coming closer and a plethora of other updates in the pipeline, we’re excited for the upcoming month and beyond. Stay tuned for what’s coming next!
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Until next time!
Additional Resources
The future of Web3 is being built on Terra — take full advantage of it:
- Explore projects building in the Terra ecosystem
- Build on Terra using Terra’s robust, open-source development suite
- Join the LUNAtic community on a variety of platforms
- Read the Terra Docs to discover all things Terra
- Visit Terra.money to browse other helpful resources
