DinoSwap Strategic Partnership With Terra
With this strategic partnership Terra will be launching a UST — USDT Fossil Farm, along with a UST Jurassic Pool! The Fossil Farm Liquidity Pool will be hosted on DFYN and users can add liquidity to the pair here. The Terra Blockchain project is built by Terraform Labs and UST is a popular decentralized stable coin pegged to the U.S. dollar through an algorithm. Terra Ecosystem users are no strangers to yield farming and we are proud to further increase inter-chain liquidity across the top DeFi communities. Among yield farmers and EVM compatible dApps, Polygon continues to be the go-to platform due to its low transaction fees and easy-to-use cross-chain asset bridge. Just two weeks after launching, DinoSwap is the sixth-highest ranking platform on Polygon in terms of TVL, and the 4th highest-ranking platform in terms of daily active users. The DinoSwap DINO — USDC liquidity pair is also the sixth-highest liquidity pair on SushiSwap Polygon with +$46M. As such, we are continuing to rapidly grow and expand our farming incentives by leveraging established platforms such as Terra.
UST — USDT Fossil Farm
-1x Multiplier
-+ $16MM in aggregate liquidity
-Liquidity Pool hosted on DFYN
-Visit dinoswap.exchange/farms to farm $DINO with this pair
-Learn how to farm here
UST Jurassic Pool
To Learn how to Stake DINO to earn UST via the Jurassic Pools, follow the guide.
-Start block: 17431300
-Finish block: 20887300
-Rewards: 200,000 UST
About Terra — The Stablecoin Ecosystem
Terra is a next-generation proof-of-stake blockchain protocol that aims to power global payments systems through fiat-pegged stablecoins. By hosting stablecoins backed on a 1:1 ratio with the world’s top fiat currencies, Terra’s goal is to make its stablecoins available to mainstream audiences across the globe.
The Terra blockchain is powered by its native cryptocurrency LUNA. LUNA is used to stabilize Terra’s stablecoins, such as UST. UST is touted as being the first decentralized stablecoin that is scalable, yield bearing and interchain. UST is currently interoperable with Ethereum and Solana and it aims to improve DeFi projects’ scalability.
Terra leverages stablecoins to settle retail and cross-border transactions seamlessly, offering low fees and real-time settlements. Launched in January 2018, the crypto payment ecosystem aims to enhance cryptocurrency adoption by ensuring price stability, which is achieved through consistent staking rewards and by adjusting Terra’s supply according to changes in demand. By partnering with Crypto.com, the blockchain ecosystem will inevitably attract more users to its network and accelerate cryptocurrency adoption.
About DinoSwap
DinoSwap is a cross-chain infrastructure platform that builds liquidity for layer-one blockchains, AMMs and partnering projects. The purpose of the DINO token is to facilitate and promote cross chain DeFi liquidity.
Source:
https://medium.com/dinoswapofficial/dinoswap-summons-terra-to-the-jurassic-pools-bc077b1e2d28
