Key Takeaways Solana suffered from network overload due to bots spamming the network again this weekend. The congestion prevented DeFi users from adjusting their...

Financial markets, built on the premise of speculation, are natural breeding grounds for volatile price action. Crypto markets, in particular, are notorious for their excessive volatility which is the result of a myriad of factors such as the relative lack of liquidity, regulatory concerns, adoption-related developments, media hype, etc. Now, as a participant in this […]

The post Algorithmic Stablecoins- Everything you NEED to Know! appeared first on Coin Bureau.

In a galaxy far far away, there exists a decentralized exchange that doesn’t cost an arm and a leg to use…  Osmosis is the most active decentralized exchange in the…

The post Osmosis Founder Sunny Aggarwal on DeFi Innovation, Cosmos, & More appeared first on CoinCentral.

Terra Luna’s ‘lunatics’ have had their sights set on a multi-part announcement that is set to unveil, and this week the first piece of the puzzle has come to life. This week, Terra announced the formation of a new non-profit organization, the Luna Foundation Guard (LFG), that is “dedicated to supporting the advancement of open-source technology, facilitating the growth of the Terra ecosystem, and improving the sustainability and stability of Terra’s algorithmic stablecoins.” Terra Says “LFG” Terra has launched a dedicated landing page, lfg.org, outlining the team, mission, and funding & grants around LFG. The new non-profit will emphasize a number of major pillars that they see as core in advancing the ecosystem. Founder and CEO of Terraform Labs, Do Kwon, also released a recent tweet thread highlighting the major pillars behind LFG: 1/ 1 out of 3 💎 https://t.co/PcxKtGhpeT is born: – a non-profit foundation – governed by top builders in @terra_money eco– dedicated to $UST stability and adoption– decentralizing core teams behind @terra_money https://t.co/p6PkN4cWE0 — Do Kwon 🌕 (@stablekwon) January 20, 2022 In all, the Foundation will serve as a mechanism to continue driving engagement and adoption of Terraform Lab’s growing stablecoin, UST. Adoption of UST has continued to grow as the token, seen broadly as one of the most decentralized yet mainstream stablecoin options currently available, approaches an $11B market cap. The aforementioned Do Kwon will lead the charge for the Luna Foundation Guard, alongside founding member Nicholas Platias and several governing council members. The team will deploy foundation grants, starting at the end of the month, to blockchain projects in the ecosystem that address open-source development, research and education, and community growth within the Terra network. Related Reading | TA: Bitcoin Dives Below $40K, Why Bulls Could Struggle In Near Term Luna, the tradable token that arguably serves as the 'backbone' of the Terra ecosystem, has performed exceptionally well over the past year. | Source: LUNA-USD on TradingView.com One Of Three… What’s To Come? As mentioned previously, this announcement is slated to be the first of three, from what started as a teaser image of the cover photo used here. That photo led many ‘lunatics’ to speculate on what could be coming – the two intersecting circles led many to believe that an incoming MasterCard partnership could be coming, and many Terra fanatics believed that some sort of Bitcoin-related support could be brought to life as well. Speculation aside, the Terraform Labs-created blockchain continues to shine, recently becoming the first decentralized stablecoin to achieve a $10B market cap as well as launching a new automated market maker (AMM), Astroport. For now, the LFG webpage still has a “{redacted}” section, so don’t be surprised if the coming two announcements, which could likely be unveiled over the weeks to come, are extensions or supplementary pieces of the non-profit. Related Reading | TA: Ethereum Nosedives, Indicators Show Signs Of Larger Downtrend Featured image from medium.com/terra-money, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

Decentralized stablecoin issuer Terra issued a proposal to expand the interchain deployment of its TerraUSD (UST) stablecoin. Namely across five projects on Ethereum, Polygon and Solana. Terra would provide over $139 million in UST and LUNA to DeFi projects for at least the next six months. Such strategies would help the ecosystem to expand its […]