Tag: Terra Ecosystem

  • Useful dApps on the Terra Ecosystem

    As you may know by now, I’m all into DeFi, mostly on Terra. I’m gonna share with you the useful dApps, aka decentralized protocols that I use on Terra. There are so many dapps now vs last year. At the beginning of 2021 and the launch of COL-5 (Terra’s biggest mainnet upgrade) earlier this year, the number of users and dapps in the ecosystem went to an all time high.

    People flocked into Terra and it did jump from sub $1 to around $50-ish as of today while I’m writing this blog post.

    I’m deep in the Terra ecosystem where 99% of my assets are now on Terra, including NFTs.

    Here are some of the dapps I use the most everyday, on Terra.

    1. Anchor Protocol (app.anchorprotocol.com) – the second, and most successful dapp on Terra with the high TVL of almost 6 billion dollars. Yep, it just started this year and it has that much total value locked. This is where I borrow UST to buy more LUNA using my bonded LUNA. You can also save your stabelcoins here and earn a fixed 20% interest every year. So far, it’s the best savings protocol in the entire crypto industry.

    2. Nexus Protocol (terra.nexusprotocol.app) – the recently launched dapp on Terra. This is where I provide liquidy on nLUNA-Psi and Psi-UST assets. I also stake them and earn a steady drip of Psi daily. Psi is the governance token of Nexus Protocol and it’s currenty valued at 30 cents each. If you lock your bLUNA in here, you get nLUNA in in your wallet and it maximizes yield just like you have a maxed out TVL on Anchor. You can also stake more ANC in Anchor governance to get more Psi in your wallet!

    3. Coinhall.org – A useful tool to track assets on the Terra ecosystem. It’s basically my homepage now. Another useful one is finder.extraterrestrial.money. That’s my second favorite now as I love the UI on Coinhall better.

    4. Terra Station – Of course, because without this, I won’t be able to connect to all Terra dapps. This should be #1 in my list.

    5. Osmosis Zone (app.osmosis.zone) – Now you can trade Terra assets in here due to the fact that Terra is recently integrated with the IBC and assets in Terra specially LUNA and UST are now listed in Osmosis. Osmosis is a decentralized AMM in the Cosmos, with its own chain, called… you guessed it! Osmosis! You can provide liquidity here and stake your LP to make more moolahs. It’s like an automated money making machine. My current pools here are JUNO-ATOM, JUNO-OSMO. This dapps is not really within the Terra ecosystem, but I just love to share it with you guys.

    That’s all for now!

  • I’m super bullish on LUNA, FTM and SAITO

    Lately, I’ve been heavily involved in the cryptocurrency space and I invested 100% of my saving into crypto, specially LUNA and FTM. If you filter it on Coicodex and see what coins has the highest gains since last year these two bad boys are the 4th and 5th with highest ROI.

    I missed out on exponential gains with those meme and game coins, but I didn’t regret. Already made 17 million and 16 million percent on my two heavy bags. I bought them because of fundamentals and not just hype.

    I won’t be describing Terra LUNA and Fantom in this blog post as there are many resources you can find online about those two. Just DYOR, ok?

    Next investment that I’m looking into is SAITO. It’s something new and there are only a few resources online that you can find about it.

    It’s best to follow them on Twitter for the latest updates about this all-new L1 blockchain that hasn’t fully launched yet. It’s meant to solve something that you didn’t think it’s a decentralization problem, but it is. Once again, better to DYOR and be early on this one.

    I predict by Q2 of 2022, the SAITO token will be above $1. This is not a financial advise, but I’m just sharing my alpha. LOL.

    Enjoy your crypto journey as I’m enjoying mine. See you on the moon anon!