Hey Terrans!
While the $LUNAtic community has always been passionate, we’ve seen a surge in the contributions of the community enriching and vastly expanding the ecosystem thanks to a number of initiatives. The Terra Content bounty program has opened up a portal for talented content creators to emerge, Terra Spacecamp a stomping ground for developers to team up and build cool projects, and the Ecosystem Fund tools and resources for visionaries to build out dapps and protocols on the Terra blockchain. Terra is thrilled to be a community accelerator, providing the foundation for teams and individuals to bring quality ideas to life.
For updates regarding new partnerships, the addition of new features on existing protocols, and news regarding governance & community, read on.
🌎 Ecosystem Updates
- Wormhole, the decentralized cross-chain bridge, has arrived, connecting Ethereum, Solana, Binance, and Terra.
- Terra Spacecamp, an innovative DeFi Bootcamp for projects building cutting-edge Web3 and DeFi products for mass adoption, gives developers opportunities to build on Terra.
- The weekly Terra Content Bounty provides a platform for talented content creators within the Terra ecosystem. The free-form Week 6 & 7 Bounty has been announced.
- The Terra Developers Network form is live — join to get plugged into the lively network of developers on Terra.
- Terra’s $150M Ecosystem Fund launches to equip builders to construct dapps, protocols, and tooling on Terra, backed by a stellar line-up of investors. The Terra Ecosystem Interest Form is available here, and a detailed write-up here.
- Inaugural Validator Relations monthly update is released.
- LUNA trends at #1 on LunarCRUSH, the top social listening platform for crypto.
- Stader Labs, a bespoke staking platform, joins the Terra Ecosystem.
- Nebula, catalyzing the possibilities of a wide array of asset clusters that dynamically rebalance based on community-enforced parameters, is coming up. Join the forum here.
- Valkyrie Protocol’s landing page is now live.
- Unslashed Finance officially announces the listing of Terra’s $UST de-peg policy — insure your UST against de-pegging here.
- Native version of TerraUSD ($UST) is now live on Transak — onramp from fiat to UST here.
- Bitfinex lists $UST and $MIR.
⚙️ Technical & Product Updates
- The KRT Tobin tax is normalized in correspondence with the decrease of the Kimchi Premium.
- Governance Proposals: Formation of a “Rapid Grants” Community Pool Spend Framework — vote here, with accompanying proposal for the Establishment of Community Pool Spend Independent Committee — vote here.
- The bridge to Harmony Protocol is now live, meaning users can port $UST across Terra <> Harmony with a few clicks on Terra Bridge.
- Pylon Wave 2 has launched Pylon pools, enabling users to stake UST on Pylon Gateway in 6M, 12M, 18M pools.
- Pylon Protocol’s $MINE Staking Rewards: why you should stake your $MINE
- Terraverse, a virtual world where you can do business in a digital environment, is coming soon to Pylon.
- Anchor Protocol partners with LidoFinance to launch bETH (wrapped stETH on Terra), with a forum post detailing onboarding bETH as collateral on Anchor.
- Anchor forum post bolstering sustainability for Anchor goes live.
- The proposal to increase the maximum LTV on Anchor to 60% goes live.
- The Anchor yield reserve has now been replenished with 50 million SDT (~70 million UST).
- The Mirror community has spoken: Polkadot, Square, & AMD are listed on Mirror.
- InsurAce now offers the first DeFi insurance protection for Mirror — smart contract vulnerability for mAsset protection.
- Independent community updates: Mirror Protocol, Anchor Protocol, Pylon Protocol.
🎥 Features
- Bloomberg covers Mirror Protocol extensively this month: Blockchain Lets you Bet on Stocks and Fake Tesla, Apple Stocks Have Started Trading on Blockchains.
- TechCrunch: Crypto investors like Terra so much they’re committing $150 million to its ecosystem.
- Do Kwon discusses synthetic equities on Bloomberg’s “What Goes Up” Podcast.
- Do features on RealVision alongside Delphi Digital’s Jose Macedo.
- This Week in Startups featuring Do (@22:38).
- Community Blogs/Threads: Fynn’s Weekly Terra updates, Overview of the Terra ecosystem, The significance of Columbus-5.
