Terra Ecosystem
Talk about supreme efficiency, Terra is just that! This blockchain supports stable programmable payments and open financial infrastructure development. What good is this? With a basket of stablecoins stabilized by Terra's native asset, Luna, Terra is able to be more efficient and transparent.
With a single blockchain, Terra is able to replace the complex systems of credit cards, banks and all the other stressors. Bringing with it credibly neutral, distributed and a radically transparent ecosystem.
With the aim of providing programmable payments to the many industries that would very much benefit from the replacement of the complicated, costy and time consuming systems , Terra saw growth of +1.3 million users and still growing. This has been a major moves with much contribution by Terra's partner CHAI.
With that said, it's easy to tell that there's a lot of projects that are already having their hands on the Terra Blockchains.
Wouldn't you be? I would!
Theres about 9 projects building on Terra.
The first is Loop finance, this cool project is building an AMM DEX on Terra Blockchain, along with mobile crypto wallet for access to Terra's DeFi products which are growing by the day. Loop finance also facilitates 24/7 trading of several crypto assets, some stocks and fiat assets.
The next one is Angel Protocol.
This one is really for the angels at heart. This Terra based protocol is to create perpetual charity endowments. The gift that keeps on giving,forever. When donors are looking to donate to charities, part of the donation is grown into more to continue making more suitable with the Terra Blockchain. The Angel Protocol is focused on becoming the largest and most effective community owned charity, fully decentralised. And so much more to this angel protocol, I'd personally invest in this one.
The next one is Levana protocol
What Levana protocol will do is leverage any asset on Terra blockchain. As I understand Levana will be having different offers that will be matched by those with the appetite to leverage their tokens to match the Levana proposal for example X3 of LUNA. Then you decide if you are all in,half in or 15% in or only 5% in. This one will be extra exciting for sure and I too can't wait.
Then we got Harpoon protocol
https://beta.harpoonprotocol.com/
Still in beta mode, harpoon is all about that liquidation. It is a public beta for defi liquidation on anchor protocol.
Join the telegram group
https://t.me/harpoon_protocol/
Next up we have the pylon protocol the saviour.
Pylon protocol is a suite of Defi savings and payment products powered by yield redirection build on Terra. https://t.co/fwUh4xhWcR?amp=1/
In this telegram group you learn all about their buying and staking of the $UST and $MINE.
Up next is the Spar protocol
This is another great protocol, on asset management. You choose a strategy, connect your wallet, bag the gains then repeat.
Here's the spar tg group
https://t.co/MjW2La9gF2?amp=1/
Terra is really busy, there's more projects building on the Terra Blockchain. Here's another one to launch us into space, the Orion Money protocol has the aim of launching your stablecoin yield into orbit. Currently offering 20% APY. amazing!
https://discord.com/invite/5vbWB2PWeS/
https://t.co/0xOtxJAQbk?amp=1/
There's more projects out there on the Terra Blockchain but we will only cover two more.
The second last will be the Apollo Dao, the Greek God of Yield. The Apollo yield farm is located in the moon by the east Cresent mountain. https://linktr.ee/apollodao/
The last project we will cover on the Terra Blockchain is the StarTerra. This the first gamified launchpad for the Terra Blockchain. On StarTerra you can playtoearn while using NFTs and $SST
That's it for now because the protocol projects are still being fully integrated and introduced, we will be back with updates on how every protocol is doing after a month, a couple of months as well into the following years as the projects breath life into the barren places.
Thank You
Hermitworldwide
♾️🕉️♾️
