š Hey Terrans!
We were excited to finally release Mirror Protocol this month and have been blown away by the way community governance that has taken over the protocolās future. While weāve had a lot to celebrate this past month, and have even more to look forward to in the months to come, weād like to celebrate Terraās milestones throughout 2020.
In 2020, Terra became the highest fees-generating blockchain behind Bitcoin and Ethereum. We welcomed Pantera Capital, Galaxy Digital, and others to Terraās investor base. Terra also deployed the Columbus-3 and Columbus-4 mainnet upgrades, bringing smart contract functionality.
CHAI hit record transaction volumes and tax rewards, crossing 2 MILLION users in November, making it the most active dapp by number of active users on sources like dapp.com. CHAI also unrolled the CHAI Card, which has been integrated with Samsung Pay and raised $60 million in its latest funding round. Finally, Mirror attained >100 MILLION in TVL within the first 3 weeks of launch. Mirror currently has a bridge to Ethereum, called Shuttle, and we look forward extending mAsset liquidity to several new blockchains in the very near future.
Without further ado, letās dive into Terraās highlights in December!
ā CHAI Updates
CHAI raised $60 MILLION in its Series B round led by Hanhwa Investment & Securities and supported by Softbank Ventures Asia, SK Networks, Aarden Partners, and several other strategic investors. The round tops off CHAIās total funding in 2020 to $75 million, raising $15 million in its Series A in February, marking a meaningful new chapter for Chai, as it strives to offer a differentiated set of digital payment solutions to APAC.
To the end of mass adoption and expansion, CHAI has acquired leading payments aggregator Iāmport, which serves 1700 merchants in Korea and processes $3B+ in annual transactions, enabling e-commerce companies to easily integrate over 20 payment methods, including debit and credit cards via local payment gateways, digital wallets, and PayPal, to name a few. Iamport will accelerate Chaiās expansion to international markets and integration with its existing, and more extensive, merchant network.
In conjunction, CHAIās integration with Samsung Pay also means that the CHAI Card is even more convenient than ever, with users now only needing a smartphone to use their CHAI Card.
š Mirror Launch
Terra is thrilled to be the first decentralized protocol to bring price exposure to US stocks through the launch of Mirror Protocol, which has locked over $120 MILLION in total value (Terra-side and ETH-side). The community response has been overwhelming, and with Mirror governance going live, the community has proposed over 40 governance polls so far (with more continually being added!), including whitelisting Nike, Airbnb, Galaxy Digital, and Spotify ā most of which seem likely to pass.
Hereās a glimpse of the initial APRs for liquidity provision on Mirror:
š° MIR Listings
- Uniswap: MIR/UST, MIR/USDC, MIR/ETH
- CoinOne: MIR/KRW
- Bithumb: MIR/KRW
- CoinMarketCap (mAssets can be tracked on CMC as well)
- CoinGecko
š° Mirror Features
CoinDesk x Mirror Protocol
Decrypt x Mirror Protocol
NASDAQ x Mirror Protocol
Arrington XRP Capital x Mirror Protocol
Yahoo! Finance x Mirror Protocol
Delphi Digital (Twitter thread here) x Mirror Protocol
š How to Use Mirror
- Mirror on Terra
- Mirror on Ethereum
- Comprehensive Mirror Docs
- Mirror User Guide
- MIR Token Farming
- Community-created video tutorial
š± Mirror Wallet Released
ATQ Capital has released Mirror Wallet, a fully non-custodial wallet that brings the experience of decentralized stock trading to mobile. Certain features have likened the experience of trading on Mirror to that of Robinhood ā but decentralized and globally accessible. Others have hinted at the immense potential of Mirror in democratizing access to synthetic assets, which are on the cutting-edge of financial engineering.
ā”ļø Buzlink Announcement
This month marked the first promotional campaign of Buzlink, a marketing platform that creates viral incentives to scale referrals. Buzlink addresses the existing referral modelās one-sided nature by creating referral links through smart contracts on the Terra blockchain and distributing rewards to all participants in the referral flow. To tackle the traditional lack of transparency, Buzlink capitalizes blockchainās immutable tracking capabilities to visualize the flow of referrals each step of the way, creating a built-in system of trust and openness. Stay tuned for the official launch of Buzlink in February 2021!
š„ Terra in DeFi
Mirror x BAND Protocol
Mirror Protocol integrates BANDās decentralized oracles to secure over $120 Million in TVL up to date.
Mirror x Injective x BAND
Mirror Protocol provides the foundation for Injectiveās Layer 2 decentralized leveraging synthetics platform.
Terra x Hummingbot
Terra is collaborating with Hummingbot, an open-source software platform for building and running customized trading strategies, to bring AMM Arb. AMM Arb performs automated arbitrage trading between AMMs like Uniswap, Terra, Balancer, and Celo among others to benefit users and support AMM price efficiency, enabling users to arbitrage between LUNA and UST.
Terra x Lido DAO
Terra is an investor in Lido Finance, and will participate actively in the DAOs governance. Lidoās staking derivatives to play a key role in Anchor Protocol.
TerraUSD x Sushiswap Onsen
$UST is now on Sushiswapās liquidity mining incentivization menu, Onsen. UST-ETH is now one of the incentivized pools in the new Onsen Menu, with SUSHI rewards airdropped to LPs in the pool.
TerraUSD x CRV
$UST is now listed on Curve. The gauge vote for [UST, [3Pool] incentives passed. The gauge for the [UST, [3Pool]] Metapool with LUNA incentives is now eligible for the gauge weight vote to receive CRV.
TerraUSD x ZapperFi
$UST is now on Zapper.fi as a result of a successful governance vote! ETH users can now manage all UST pools/farming in one place.
LUNA x Uniswap
$LUNA is now on Uniswap! Users now have the option of trading $LUNA/$UST on a DEX. Lunaās Etherscan address can be found here.
š Terra in the News
Cointelegraph x Terra
Coindesk x Terra
š£ Interviews & AMAs
Community AMA | Do Kwon
Cointelegraph | Terra x Nervos x Band Protocol
Crypto Banter | Do Kwon
WhaleArmy AMA
Oddgems AMA
KuCoin AMA
š Community Updates
- Terra partnered with KuCoin to host two UST competition rounds and was featured in KuCoinās Christmas Campaign. Thanks to everyone who participated!
- We partnered with Persistence to enable $LUNA Stakers to earn from a total of 100,000 $XPRT in Persistence StakeDrop.
- Users can now delegate and stake $LUNA on Unagii and Everstake.
- $LUNA is now on gate.io, Blocktivity, and AssetDash.
š Features
Rockaway | Terra Valuation
OKEx Insights | Mirror Protocol Analysis
Staking Rewards | $MIR Airdrop
Messari | Terra Analysis
š Looking Forward
Anchor V1 Launch
Anchor V1 is expected to launch in Q1 of 2021 following the completion of a third-party audit of the contract code. For the time being, check out the Anchor White Paper triumvirateā¦
ā¦and have a sneak-peak at the Anchor + Mirror integration š
Hummingbot Integration Guide & AMA
Our integration with Hummingbot will provide users with a single strategy AMM arbitrage bot customized for Terra! In January, we will provide a step-by-step user guide (like this), followed by an AMA with Michael Feng, Co-founder of Hummingbot. The AMA is tentatively scheduled for January 13, 1PM KST. Join using the link below!
Web3 Global Feature
Terra CEO Do Kwon will be featured on a āWeb3 Globalā online meetup for the Korean community on January 20th as the first installment in a new series that will (virtually) tour around SE Asia and Latin America in the first half of 2021. Do will join a panel of Korean teams building on top of Polkadot.
Livestream | Mirror x Injective x Band Protocol
We will hold a livestream detailing our partnership with Injective and Band Protocol in January, around which we will release more details shortly.
In the January edition, weāll be incorporating a āCommunity Feedbackā section, so if youāre a community leader here at Terra, keep your eyes peeled for a questionnaire weāll be distributing!
Weāve had a fantastic year and we want to thank our amazing community of Terrans and Lunatics for your support! We would not be where we are without you. Weāre just getting started here, so cheers š„ to all weāll accomplish together in 2021! Onwards & upwards š.
As always, please join our communities!
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