Introducing the $150 Million Terra Ecosystem Fund

The Intern
Published in
4 min readJul 16, 2021


We’re thrilled to introduce Terra’s new Ecosystem Fund, supported by capital commitments of $150 million from an all-star ensemble of investors, including Arrington Capital, BlockTower Capital, Galaxy Digital, Hashed, Lightspeed Ventures, Pantera Capital, Parafi, SkyVision Capital, and many others.

The Terra Ecosystem Fund reflects the shared vision for the booming growth potential of Terra’s network, supported by the amazing #LUNAtic community. With a deluge of projects building on top of Terra, the Ecosystem Fund serves as a capital foundation for builders to access the resources of some of the industry’s leading investors to manifest their vision for applications, protocols, and tooling on the Terra network.

We warmly welcome builders to the Terra community to submit applications for the new Ecosystem Fund, which is now open and accepting submissions.

Investors, Resources, & Applying to the Terra Ecosystem Fund

We want to thank the ensemble of reputable investors that have joined the Terra Ecosystem Fund. Their commitments will supercharge the Terra ecosystem, granting a premier line of resources to prospective builders on Terra while simultaneously providing their funds with deal-flow access to Terra’s booming economy of talented builders, creators, and community members.

The complete list of all the participating investors includes:

  • Accomplice Blockchain
  • Arrington XRP Capital
  • BlockTower Capital
  • CoinFund
  • DeFi Alliance
  • Delphi Digital
  • Distributed Global
  • Dokia Capital
  • Galaxy Digital
  • Hashed
  • Iconium
  • Jump Trading
  • L1 Digital
  • Lattice Capital
  • Lightspeed Venture Partners
  • Mechanism Capital
  • OP Crypto
  • Pantera Capital
  • ParaFi Capital
  • QuantStamp
  • Rockaway Blockchain Fund
  • SkyVision Capital
  • 01node

The Ecosystem Fund will propel Terra towards its next adoption phase, augmenting an accessible, cross-chain DeFi supersystem targeting mainstream adoption. With the #LUNAtic community at its core, Terra has rapidly progressed into a global, Internet-native network of applications, builders, users, and ardent supporters pioneering financial innovation and inclusiveness for the masses.

Terra’s UST stablecoin, which maintains its peg parity to the USD via an algorithmic design, has exploded in popularity this year, surpassing a $2 billion market cap in 6 months — currently the fifth stablecoin overall by market capitalization. Terra’s stablecoins underpin its ecosystem of applications, ranging from money markets (e.g., Anchor Protocol) to payments (e.g., CHAI) and synthetic assets like Mirror Protocol.

Currently, the TVL of Terra’s ecosystem (including staked LUNA) sits around $5 billion.

The list of upcoming projects is ballooning, which we anticipate will further bolster demand for UST, as demand for Terra’s ecosystem of apps envelops the demand for UST — triggering seigniorage (i.e., expansion of the UST supply) and value capture for LUNA holders and stakers.

Image courtesy of SmartStake —

The onset of dozens of projects currently building or on the cusp of releasing products on Terra has induced the need to bolster the ecosystem’s capital and resource base to support its exponential growth effectively. Terra’s Ecosystem Fund is the culmination of TFL’s efforts to guide the development of Terra towards a brighter future, offering newcomers, curious observers, and established builders the opportunity to create something extraordinary.

Accepted applicants to the Ecosystem Fund will unlock a line of communication with the ensemble of investors, who will engage with teams individually, allocating investments on a discretionary basis.

Prospective projects should follow the qualifying standards and guidelines for submitting an application:

  1. Projects must build a protocol or application directly on the Terra blockchain.
  2. Projects must use Terra assets (e.g., UST, mAssets, aUST, ANC, MIR, etc.) in a meaningful way.

The Terra Ecosystem Fund will be merged with the subsidized audits provided by Terraform Capital, with the Ecosystem Fund falling under the new, larger umbrella “Terraform Capital” brand covering both Ecosystem Fund investments and code audits via our partner auditing firms.

If you’re interested in working with the Terra Ecosystem in any capacity, whether it be access to funding (i.e., Terraform Capital), joining an existing project, or just keeping in touch, please fill out the form below:

We couldn’t be more excited about what the future holds for Terra. Welcome, old frens and new. It’s time to build, so submit your applications, and let’s pioneer the future of finance together.


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If you don’t qualify for the Terra Ecosystem Fund or want to explore other options for resources available in Terra’s ecosystem, please check out the other application-specific resources below.

Also, even if you don’t qualify for the Terra Ecosystem Fund, by still submitting an application to the Airtable form below, our team will help guide you to specific resources (e.g., audit funding, community pool, etc.) to assist your relevant needs.

Terra Community Pool + Agora Research Forum:

Mirror Community Pool + Community Forum:

Anchor Community Pool + Community Forum: