Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Once Popular Coins (Graveyard) => Other Popular Cryptos / Coins => Terra LUNA Forum => Topic started by: Tamsialu$$ on July 07, 2021, 06:43:15 PM
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Terra is excited to expand our growing portfolio of DeFi products to multiple chains and working with Harmony to bring UST and Anchor to another growing ecosystem,” said Do Kwon, co-founder and CEO of Terra. Terra, an algorithmic stablecoin platform for savings, investments and payments, is joining forces with the Harmony blockchain to pursue new DeFi initiatives focused on programmable money and other so-called financial primitives. Under the new partnership, which is described as a “deep integration” initiative, Terra will integrate Harmony on its Shuttle Bridge platform, a web front-end that allows users to send Terra’s UST stablecoin across supported blockchains. “This paves the way for UST to migrate to Harmony and to be used on applications in the Harmony Ecosystem,” Peter Abilla, Harmony’s VP of marketing, said in a Tuesday announcement.more information (https://cointelegraph.com/news/terra-and-harmony-announce-defi-partnership-focused-on-ust-stablecoin-integration)
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I'm following the development of Terra & Harmony, both platforms are growing very fast. I used to own LUNA but sold at $47.5, now I'm still holding ONE and waiting for a higher price.
These are two very potential projects for DeFi in the future.
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Currently, the ideas and innovations that Terra is developing are very good, you can pay the gas fee with UST and that is very good for the continuity of future transactions, Harmony is a good partner, I have been watching and supporting this project since 2019.
Right now I'm only using the UST bridgechain from BsC to Terra, if in the future more and more blockchains are supported by Terra, then that's a great progress
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Because of this partnership, One was also affected by the scandal with UST and LUNA. I am very disappointed with the Terra ecosystem and especially the UST. It was made unprofessionally and caused problems for the entire crypto market.
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I hope this partnership continues well even though Terra has problems with the stablecoins they made, for now I believe Harmoni no longer believes in the stablecoins made by Terra luna, but from here everyone can learn that there is still no other way to make stable coins become stable with Fiat values without any guarantee of Dollars or gold