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“UST Goes Interchain: Degen Strats Part Three,” the lengthy governance post extensively detailed the methods and procedures in which Terra’s native token, LUNA , and $139 million of TerraUSD (UST) could be deployed to “bring awesome UST use-cases to Ethereum DeFi.”
In the proposed strategy, which has gained 3,500 views and six replies from community members who self-titled themselves Lunatics, Terra would deposit between $250,000 and $50 million in UST in a bid to boost the stability of each of the new partner projects.
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DeFi liquidity provider and market maker Tokemak would receive $50 million in UST for a maximum of six months, and lending and borrowing platform Rari Fuse would receive $20 million in UST across the same period. Yield aggregator Convex Finance would receive $18 million, while OlympusDAO would ge...
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thirty organizations were granted primary whitelist entry to the service, including digital asset custodian Fireblocks, alongside Anubi Digital, Canvas Digital, SEBA Bank, GSR and crypto yield aggregator Celsius.
Following the successful completion of prerequisites such as Know Your Custome...
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DeFi platform WonderFi Technologies agreed to purchase First Ledger Corp , the parent firm of the first regulated crypto exchange in Canada, Bitbuy, this week for an impressive $162 mi...
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