Terra Community Update | July 2021

Published on: 10.08.2021

Terra introduced Community Update for July 2021 about updates regarding new partnerships, the addition of new features on existing protocols, and news regarding governance & community.

🔹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 & 7Bounty 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.